Fortune magazine, March 4, 2022–Lance LambertIn the decades since the Soviet Union collapsed, rich Russians have poured gobs of money into American real estate. Now they’re worried they could get …
Category: Top National News
Mortgage Jobs Fall in January after Slow Fourth Quarter
National Mortgage News, Mar. 4, 2022–Bonnie Sinnock (subscription)Payrolls of nonbanks in the housing finance business dipped on a net basis in January following a drop in originations during the fourth …
Finance of America Posts Nearly $1.4B Loss Due To Accounting Change
National Mortgage Professional, Mar. 4, 2022–Christine StuartWhile touting progress in its sales of reverse mortgages, a change made to account for stock price declines and goodwill caused Finance of America …
American Mortgage Payment Costs Are Now 36% Higher Than a Year Ago
Bloomberg, Mar. 4, 2022–Claire BallentineHigher mortgage rates are combining with an unrelentingly expensive real-estate market to push up costs for homebuyers. It’s now $1,230 per month for a 30-year, fixed-rate …
The Winter Tally: Agency MBS Production Falls Sharply in February
Inside Mortgage Finance, Mar. 4, 2022–John BancroftIssuance of single-family MBS often declines in February: It has the fewest business days, and the housing market is usually in a lull.https://www.insidemortgagefinance.com/articles/223965-the-winter-tally-agency-mbs-production-falls-sharply-in-february?v=preview
Philly Fed Report: Black Homeowners Face More Denials for Refinancing
Philadelphia Tribune, Mar. 3, 2022–Stephen WilliamsKristy Fercho, head of Wells Fargo Home Lending and Chair of the Mortgage Bankers Association, recently wrote an opinion piece for American Banker and National …
REIT Earnings Rose 24.6% In 2021: Report
Benzinga, Mar. 4, 2022–Phil HallNareit reported nearly every commercial real estate sector experienced FFO growth between 2020 and 2021, with only the health care sector recording a full year’s FFO …
Why Some Owners Are Staying Put
The Housing Scene (UExpress), Mar. 4, 2022–Lew SichelmanNew affordability estimates show why so few houses are on the market: Owners who might want to sell may not be able to …
Mortgage Rate Drop May Be Temporary Response to Russian Invasion
Orange County Register, Mar. 3, 2022–Jeff Lazerson“We will continue to assess the potential impact on mortgage demand,” said Joel Kan, vice president of economic & industry forecasting at the Mortgage …
San Francisco Girds for Blow of Office Workers Never Returning
Bloomberg, Mar. 3, 2022–Romy VargheseThe tech hub is particularly vulnerable to a long-term shift to remote jobs. The San Francisco metro area has the lowest share of workers back at …