Bloomberg, Mar. 1, 2022–Brentin MockOn the problem of Black-owned homes being appraised at lower values than white-owned homes, Congresswoman Maxine Waters has heard enough. In a letter last week to …
Category: Top National News
UWM: Revenue & Net Income Slide
National Mortgage Professional, Mar. 1, 2022–Doug PagePontiac, Mich.-based United Wholesale Mortgage Holdings (UWM) today reported a 42% drop in annual revenue in 2021, while net income dropped 54%.https://nationalmortgageprofessional.com/news/uwm-revenue-net-income-slide
Companies Seize On March as a Moment to Reopen the Office
Wall Street Journal, Mar. 1, 2022–Chip Cutter (subscription)The office return is in motion. After two years of remote work, companies including American Express Co., Facebook parent Meta Platforms Inc. and …
Mortgage Rate Forecast for March 2022: Upward Pressure Continues
Bankrate.com, Mar. 1, 2022–Erik J. MartinFannie Mae now expects the benchmark 30-year fixed-rate mortgage to average 3.5 percent and 3.6 percent, respectively, in the first quarter and through the rest …
The Tea Leaves: Issuance of GSE MBS Falls to 23-Month Low
Inside Mortgage Finance, Mar. 1, 2022–John BancroftNew single-family mortgage business at Fannie Mae and Freddie Mac fell dramatically in February, according to a new analysis.https://www.insidemortgagefinance.com/articles/223918-the-tea-leaves-issuance-of-gse-mbs-falls-to-23-month-low?v=preview
FHFA Proposal for Seller Servicer Requirements is Mixed Bag
HousingWire, Feb. 28, 2022–Georgia Kromrei“The industry is still gauging what impact the requirements would have. But many stakeholders take the proposal as a sign that FHFA is receptive to industry …
Expect More Volatility Into 2022 For These Asset Classes
GlobeSt.com, March 1, 2022–Lynn PollackSome volatility is expected to persist across the multifamily, hotel, and office asset classes well into 2022, according to new research from Moody’s Analytics.https://www.globest.com/2022/03/01/expect-more-volatility-into-2022-for-these-asset-classes/?
Mortgage Rate Forecast for March 2022: Upward Pressure Continues
Bankrate.com, March 1, 2022–Erik J. MartinMost signs point to higher mortgage rates in the coming days and weeks. The markets are volatile because of many factors, including geopolitical conflict and …
New Home Purchase Apps Drop YoY
The MReport, March 1, 2022–Demetria LesterAccording to the Mortgage Bankers Association’s Builder Application Survey, mortgage applications for new home purchases decreased 12.5% in January compared to January 2021. Compared to …
4 Servicing Changes from the Pandemic That HUD Will Keep
National Mortgage News, Feb. 28, 2022–Bonnie Sinnock (subscription)Government agencies within the Department of Housing and Urban Development are starting to decide which emergency mortgage-relief programs will become permanent post-pandemic, officials …