Washington Post, Mar. 23, 2022–Rachel SiegelWith inflation soaring at 40-year highs, Federal Reserve officials and economists are talking about more aggressive interest rate hikes to combat rising prices, even as …
Category: Top National News
Outstanding Commercial/Multifamily Mortgage Debt Reached Record High in Q4 2021
MortgageOrb, Mar. 23, 2022–Ariana FineCommercial/multifamily mortgage debt outstanding during the final three months of 2021 was $287 billion (7.4%) higher than at the end of 2020, according to the Mortgage …
Mortgage Loan Modifications Rose 40% in Fourth Quarter: OCC
National Mortgage News, Mar. 23, 2022–Bonnie Sinnock (subscription)Serious delinquencies improved in the fourth quarter of 2021 but modifications and foreclosure starts rose as borrowers exited forbearance in droves, according to …
Mortgage Refinance Demand Plunges 14%, As Interest Rates Spike Higher
CNBC, Mar. 23, 2022–Diana OlickA sharp increase in mortgage interest rates is taking its toll on loan demand, especially refinances. Total mortgage application volume fell 8.1% last week compared with …
Top Commercial/Multifamily Originators Revealed
Mortgage Professional America, Mar. 23, 2022–Candyd MendozaOut of the 149 companies in MBA’s report, the following firms rounded out the top 10 commercial and multifamily originators: JLL, CBRE, Eastdil Secured, …
MBA: More Borrowers Current on Mortgage Payments
Banker & Tradesman, Mar. 23, 2022In its monthly Loan Monitoring Survey released this week, the Mortgage Bankers Association found that the total number of loans now in forbearance decreased by …
Jumbo Lending Through Correspondents Increases in Fourth Quarter
Inside Mortgage Finance, Mar. 23, 2022–Brandon IveyThe correspondent channel was a bright spot in the non-agency jumbo mortgage market during the fourth quarter of 2021, according to a new analysis …
New Senior Housing Projects Charge Big Bucks for Luxury Living
Wall Street Journal, March 23, 2022–Peter GrantDevelopers are making bets that as baby boomers age demand will soar for ultraluxury senior housing projects with rents that can exceed $25,000 a …
Rural Lending Covers A Lot Of Ground
National Mortgage Professional, March 22, 2022–Lew SichelmanEveryone knows Fannie Mae and Freddie Mac, but there are two other federal housing programs few in the general public knows about. One is …
Fannie Mae Doubles Down on Credit-Risk Insurance Transfers
National Mortgage News, Mar. 22, 2022–Bonnie Sinnock (subscription)Fannie Mae announced Tuesday that it has executed two credit-risk insurance transfers associated with mortgages acquired respectively in the second and third quarters …