Inside Mortgage Finance, Mar. 15, 2022–Paul MuoloThe bloom is off the rose in the mortgage industry with the immediate outlook for profitability worsening, especially in the nonbank sector, according to …
Category: Top National News
Housing Inflation is Going Nowhere But Up: Morning Brief
Yahoo News, March 15, 2022–Amanda FungRent growth, not just soaring energy prices, is doing its part to push inflation to a 40-year high and there’s little sign of it letting …
Nearly Half of Americans Say They Pay Too Much in Taxes
Bloomberg, Mar. 14, 2022–Suzanne WoolleyMany overpay by choice to get a fat tax refund, but fine-tuning withholding can help cash flow now.https://www.bloomberg.com/news/articles/2022-03-14/is-getting-a-tax-refund-worth-it-many-americans-say-they-overpay-the-irs?srnd=premium
Hybrid Work–Is It Here to Stay?
Mortgage Professional America, Mar. 14, 2022–Richard TorneWorkers have shifted their preferences in favor of hybrid working arrangements since the height of the COVID pandemic, a new survey by Apartment List …
Sen. Joe Manchin Signals Opposition to Sarah Bloom Raskin for Fed Post
Wall Street Journal, Mar. 14, 2022–Andrew Ackerman (subscription)Sarah Bloom Raskin, President Biden’s pick to become the Federal Reserve’s top banking regulator, suffered a blow Monday when a key Democrat expressed …
The Crypto Mortgage Arrives (At a Price)
The Observer, Mar. 14, 2022–James LedbetterMiami-based lender Milo announced that it will offer a 30-year US mortgage that can be backed by cryptocurrency.https://observer.com/2022/03/the-crypto-mortgage-arrives-at-a-price/
Increase in Mortgage Limits Impacts GSE Seller Volume
Inside Mortgage Finance, Mar. 14, 2022–Dennis HollierVolume of loans sold to Fannie Mae and Freddie Mac declined 23.0% from January to February and was down 35.4% year-over-year, according to a …
Retailers Are Outsourcing More and More Real Estate Functions
GlobeSt.com, March 14, 2022–Kelsi Maree BorlandAs retailers revaluate their real estate portfolios post-pandemic, outsourcing has become a way to amplify resources. Outsourcing real estate-related functions has become a common way …
$100 Oil Unleashed a Commercial Real Estate Boom in Houston A Decade Ago. What’s Different Now?
Houston Chronicle, March 14, 2022–Marissa LuckThe last time oil prices hit $100 a barrel nearly a decade ago, Houston’s commercial real estate market flourished. Real estate investors poured money into …
EL-Erian Says Ukraine War Effect to Spur U.S. Inflation Higher
Bloomberg, Mar. 13, 2022–Tony CzuczkaAllianz SE’s Mohamed El-Erian said the economic fallout from Russian President Vladimir Putin’s full-scale invasion of Ukraine is likely to include a further pickup in U.S. …