HousingWire, Mar. 3, 2022–Bill ConroyDespite the global turmoil sparked by Russia’s recent invasion of Ukraine and the volatility in interest rates that has followed, the mortgage servicing rights (MSR) market …
Category: Top National News
Fed’s Powell Says Ukraine War Creates Risks of Higher Inflation
Wall Street Journal, Mar. 3, 2022–Nick Timiraos (subscription)Because of Russia’s role in global energy and other commodity markets, “we’re going to see upward pressure on inflation at least for a …
Crypto Mortgage Lenders are Entering the Hottest Housing Market Ever
Fortune, Mar. 3, 2022–Marco Quiroz-GutierrezTraditional mortgage lenders issued an estimated $1.61 trillion in loans in 2021, according to the Mortgage Bankers Association. For crypto loan and mortgage products to catch …
Refis Down 7.4% in 4Q, Purchase Lending Down Even More
Inside Mortgage Finance, Mar. 3, 2022–John BancroftThe decline in first-lien mortgage originations in the fourth quarter of 2021 took a somewhat bigger bite out of the purchase market, according to …
The Housing Beat: Mortgage Rates Down, Home Prices Up, Lending Declines, More Homeowners Stay Put
Benzinga, Mar. 3, 2022–Phil HallThe latest housing market data took on the look of an oscilloscope as with mortgage rates tumbled, home prices soared, mortgage lending declined and home occupancy …
Construction Needs 650K New Workers to Meet Housing Demand
GlobeSt.com, March 3, 2022–Jack RogersThe number of available homes for sale in the US is likely to remain at historically low levels in 2022 as a perfect storm of labor …
Mortgage Rates Are Pulled Down by Global Events
Washington Post, March 3, 2022–Kathy OrtonThe 30-year fixed-rate average had been on a steady march upward, but the Russian invasion of Ukraine sent it down to 3.76 percent this week. …
Mortgage Rates Are Still Low. Here’s How Home Buyers Can Lock In Rates.
Wall Street Journal, March 3, 2022–Veronica Dagher (subscription)Interest rates on mortgages are expected to rise as the Federal Reserve is on track to tighten monetary policy this year. Yet for …
Google Sets Its Return to Office Plans for April 4
Wall Street Journal, March 2, 2022–Omar Abdel-Baqui (subscription)Google outlined its return-to-office plans on Wednesday, saying it is transitioning to a hybrid work model that will bring employees back to U.S. …
Opinion: GSEs’ Affordable Housing Goals Should Include Single-Family Rentals
National Mortgage News, March 2, 2022–Paul Manchester (subscription)The Housing and Economic Recovery Act of 2008 modified government-sponsored enterprise housing goals, which had been in effect since 1993, but in doing …