Wall Street Journal, Mar. 21, 2022–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell said the central bank is prepared to raise interest rates in half-percentage-point steps and high enough to deliberately …
Category: Top National News
MBA’s [sic] Reports Low Delinquency Rates for Commercial, Multifamily Mortgages in Q4 2021
MortgageOrb, Mar. 21, 2022–Ariana FineCommercial and multifamily mortgage delinquencies declined in the fourth quarter of 2021, according to the Mortgage Bankers Association‘s latest Commercial/Multifamily Delinquency Report.https://mortgageorb.com/mbas-reports-low-delinquency-rates-for-commercial-multifamily-mortgages-in-q4-2021
MBA Holds Firm on FHFA Not Regulating GSE Lenders
Inside Mortgage Finance, Mar. 21, 2022–Dennis HollierThe Mortgage Bankers Association endorsed FHFA’s three main goals: safety and soundness, more equitable and sustainable housing and improving FHFA’s infrastructure. But the trade …
‘Reduced Competition.’ 5 Predictions for the Housing Market in 2022, from Economist and Real Estate Pros
MarketWatch, Mar. 21, 2022–Alisa WolfsonWe’ve already seen rates rise in the early months of 2022, and some pros say that will continue. The Mortgage Bankers Association predicts that rates on …
NAHREP: Hispanic Share Of Home Ownership Grows
National Mortgage Professional, Mar. 18, 2022–Keith GriffinOn a percentage basis, last year was the best for Hispanic home ownership in the U.S. since 2008. That comes despite the Hispanic population …
CFPB Expands Its Authority to Punish Banks for Discrimination
American Banker, Mar. 18, 2022–Kate Berry (subscription)The Consumer Financial Protection Bureau has declared that discrimination associated with any financial product — not just credit — is illegal.https://www.americanbanker.com/news/cfpb-expands-its-authority-to-punish-banks-for-discrimination
Rising Mortgage Rates Won’t Be Enough to End U.S. Housing Boom
Bloomberg, Mar. 18, 2022–Jo ConstanzRising mortgage rates are already pricing out first-time homebuyers, but it’s not enough to extinguish the U.S. real estate frenzy.https://www.bloomberg.com/news/articles/2022-03-18/rising-mortgage-rates-won-t-be-enough-to-end-u-s-housing-boom?srnd=premium
Bidding Wars Reached Record High in February, Redfin Reports
MortgageOrb, Mar. 18, 2022–Ariana FineNationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally adjusted basis in February, according to a new report from Redfin.https://mortgageorb.com/bidding-wars-reached-record-high-in-february-redfin-reports
Bill Dallas Out at Finance of America Mortgage
HousingWire, Mar. 18, 2022–Flavia Furlan Nunes, Bill KleimannVeteran mortgage executive Bill Dallas has left his position as president of Finance of America Mortgage amid larger changes to the C-Suite and …
Monthly Mortgage Payments Reach New High
National Mortgage Professional, Mar. 18, 2022–Keith GriffinWith mortgage rates soaring, the typical homebuyer’s monthly mortgage payment has also reached a new high of $2,123, according to a report from Redfin …