Washington Post, Mar. 10, 2022–Kathy OrtonAfter two weeks of declines, mortgage rates resumed their upward march this week. According to the latest data released Thursday by Freddie Mac, the 30-year …
Category: Top National News
Non-Agency Offsets Stumble in Fannie/Freddie Jumbo Market
Inside Mortgage Finance, Mar. 10, 2022–John BancroftOriginations of big-ticket home loans set an annual record in 2021, no thanks to a lukewarm agency market for high-balance loans.https://www.insidemortgagefinance.com/articles/224006-non-agency-offsets-stumble-in-fanniefreddie-jumbo-market?v=preview
Housing Beat: Why Are Foreclosure Filings Up 129% From Last Year?
Benzinga, Mar. 10, 2022–Phil HallThe latest data from the housing market shows a new spike in foreclosure filings, a new wave of lender uneasiness, a new record in luxury homes …
Walmart is Now Offering Mortgages, But its Typical Shopper Probably Can’t Afford Today’s Housing Market
Business Insider, March 10, 2022–Alcynna LloydAt Walmart, you can buy anything from a Golden Girls themed Chia Pet to ethically sourced dog nail polish – and now you can also …
Evaluating the Risks of Rising Interest Rates for CRE
Commercial Property Executive, March 9, 2022–Richard RennellCommercial and multifamily real estate investors, which have been enjoying a long run of low interest rates, are currently experiencing a bit of shock.https://www.commercialsearch.com/news/evaluating-the-risks-of-rising-interest-rates-for-cre/
How Much Housing Wealth Did Americans Accumulate in a Decade?
Mortgage Professional America, March 10, 2022–Candyd MendozaAmerican households gained a total of $8.2 trillion in housing wealth in 10 years, a new study from the National Association of Realtors has …
Ginnie Mae Chief Alanna McCargo on Capital Standards, Inclusivity
National Mortgage News, March 9, 2022–Bonnie Sinnock (subscription)As the first Senate-confirmed woman to head Ginnie Mae, and someone who has dealt with a variety of business and public interests throughout …
California Man Pleads Guilty to Mortgage Modification Scam
Mortgage Professional America, Mar. 9, 2022–Tony CantuSergio Lorenzo Rodriguez of Orange County, Calif., pled guilty to one count of wire fraud in connection with a fraudulent foreclosure rescue scheme that …
Some Better.com Employees Learned of Layoffs Via Payroll
National Mortgage News, Mar. 8, 2022–Andrew Martinez (subscription)The lender cut over a third of its 9,300 workers and a “small number” of those affected found out early because of the …
Biden Announces Crypto Study
National Mortgage Professional, Mar. 9, 2022–Steven GoodePresident Joe Biden Wednesday ordered federal agencies to conduct a study of the risks of the continuing rise in the popularity and to consider …