HousingWire, March 15, 2022–Georgia KromreiOver the next two decades, housing finance experts predict Hispanic homeowners will make up 70% of all new homeowners. That figure explains some of the optimism …
Category: Top National News
Housing Affordability Reaches Decade Low. Who’s Priced Out?
Reuters/Christian Science Monitor, March 15, 2022–Jonelle MarteIn the U.S., housing affordability has hit its lowest levels since 2008. First-time home buyers are caught between rising rents and higher mortgage payments. …
Where Home Prices are Headed Through 2023, as Forecast by Bank of America
Fortune magazine, March 16, 2022–Lance LambertSpiking mortgage rates should help to cool the red-hot housing market, right? Not so fast, predicts a report out this week by Bank of America.https://fortune.com/2022/03/16/home-prices-2022-2023-bank-of-america-forecast-mortgage-rates/
Raskin Withdraws as Biden’s Fed Nominee
Politico, Mar. 15, 2022–Kate DavidsonSarah Bloom Raskin has withdrawn as President Joe Biden’s nominee to be the Federal Reserve’s top Wall Street watchdog. Sen. Joe Manchin (D-W.Va.) and moderate Republicans …
Gasoline, Food Lift U.S. Producer Prices in February
Reuters, Mar. 15, 2022–Lucia MutikaniU.S. producer prices increased solidly in February as the cost of goods like gasoline surged, and further gains are in the pipeline following Russia’s war against …
CFPB Warns Servicers It’s Watching Closely, Again
HousingWire, Mar. 14, 2022–Maria VolkovaLorelei Salas, assistant director for supervision policy at the CFPB, wrote in a blog post that the CFPB will be closely monitoring complaints of servicers not …
Originator Profitability Continues To Drop Monthly
National Mortgage Professional, Mar. 15, 2022–Keith GriffinA report by the Urban Institute shows mortgage loan originator profitability continues to drop. That aligns with a projected sharp decline in refinancing.https://nationalmortgageprofessional.com/news/originator-profitability-continues-drop-monthly
EarnUp’s New Investors Include KeyBank, LendingTree
National Mortgage News, Mar. 15, 2022–Brad Finkelstein (subscription)Mortgage fintech has completed a $31 million Series C funding round, which includes investments from KeyBank and lead generation company LendingTree.https://www.nationalmortgagenews.com/news/earnups-new-investors-include-keybank-lendingtree
Will Mortgages Be Impacted by Fed Interest Rate Hikes?
Yahoo!Finance, Mar. 15, 2022–Josephine NesbittThe Federal Reserve has signaled it’s getting ready to raise interest rates in March. While this could impact mortgage rates, experts say it’s difficult to predict …
First-Time U.S. Home Buyers Feeling ‘Defeated’ By Soaring Prices, Rising Rates
Reuters, Mar. 15, 2022–Jonelle MarteBrianna Lombardozzi first started searching for homes in January, and Mortgage Bankers Association data shows home-loan costs have climbed roughly three-quarters of a percentage point in …