Inside Mortgage Finance, Mar. 18, 2022–Paul MuoloWhen it comes to gain-on-sale margins, most of the residential finance industry is still licking its wounds from the fourth quarter, a period in …
Category: Top National News
Condo Financing Getting Tough
The Housing Scene (UExpress), Mar. 18, 2022–Lew SichelmanIn most places, condominium and cooperative apartments are considered among the most affordable ownership options. But if they haven’t already, buyers in some …
Why Industrial Development Costs Have Continued to Spike
Wealth Management Real Estate, March 18, 2022–Patricia KirkIn a vicious cycle, shortages in construction materials that are delaying new deliveries of industrial space to the market are compounding supply-chain issues …
High-End Housing Markets See Influx of Millennials
Washington Post, Mar. 17, 2022–Troy McMullenThe millennial generation — born from 1981 to 1996 — had long been slow to embrace homeownership, studies showed, with many younger Americans in their …
Figure Sells eNote Mortgages as NFTs in Blockchain Marketplace
National Mortgage News, Mar. 17, 2022–Andrew Martinez (subscription)Figure registered its mortgages through its own lien and eNote registry system, Digital Asset Registration Technologies, or DART, the company’s alternative to MERS …
Freddie Mac Ending Automated Appraisal Waivers on Cash-Out Refinances
Orange County Register, Mar. 17, 2022–Jeff LazersonOn Wednesday, March 16, the same day the Federal Reserve raised its benchmark interest rate, mortgage giant Freddie Mac announced it will no longer …
Why Soaring Mortgage Rates Might Not Cool the Housing Market
Axios, March 17, 2022–Neil IrwinIt may take more than somewhat-higher mortgage rates to cool the blistering hot housing market because wages are rising rapidly, offsetting some of the higher borrowing …
Wells Fargo Pressed by Senators on Race Disparity in Refinancing
Bloomberg, Mar. 17, 2022–Shawn Donnan, Ann ChoiSenate Banking Committee Chairman Sherrod Brown and other Democratic senators called on Thursday for regulators to investigate Wells Fargo & Co.’s treatment of Black …
Inflation, Ukraine Invasion To Take Toll On U.S. Economy, Housing Sector
National Mortgage Professional, Mar. 17, 2022–David KrechevskyFannie Mae’s Economic & Strategic Research Group says mortgage rates likely to experience competing ‘flight to quality’ and fed-tightening pressures.https://nationalmortgageprofessional.com/news/inflation-ukraine-invasion-take-toll-us-economy-housing-sector
Mortgage Rates Spike to Highs Not Seen in Nearly Three Years
Washington Post, Mar. 17, 2022–Kathy OrtonThe days of record-low mortgage rates are over. Driven up by inflation and global conflict, the 30-year fixed average hit a high not seen since …