New York Times, Feb. 24, 2022 (subscription)Antsy executives have a message for their employees: Plans to return to in-person work are real this time.https://www.nytimes.com/2022/02/24/business/return-to-work-office.html
Category: Top National News
FHA Inches Closer to Offering a 40-Year Loan Modification
HousingWire, Feb. 24, 2022–Flávia Furlan NunesThe Federal Housing Administration is working to expand the COVID-19 loss mitigation program to include the option of a 40-year loan modification with a partial …
Refi Strength Aids FHA Share in 2021, Purchase Boosts PMIs
Inside Mortgage Finance, Feb. 24, 2022–John Bancroft (subscription)Originations of home loans backed by primary mortgage insurance fell sharply in the fourth quarter, leading to a slight decline for the full …
Mortgage Rates Fall Amid Geopolitical Uncertainty. How the Russia-Ukraine Crisis Could Impact Home Buyers and Interest Rates
MarketWatch, Feb. 24, 2022–Jacob PassyInterest rates have slid in the face of Russia’s invasion of neighboring Ukraine, but surging gas prices could compel the Federal Reserve to hike rates faster. …
Inflation’s at a 40-Year High. Commercial Real Estate Didn’t Get the Memo.
The Real Deal, Feb. 24, 2022As inflation surges at its fastest rate in nearly 40 years, hotels and other sectors of commercial real estate are seeing such outsized performance — …
As Mortgage Cyber Threats Evolve, More Self-Testing is Needed
National Mortgage News, Feb. 24, 2022–Andrew Martinez (subscription)Mortgage leaders are wary of the increasing cybersecurity risks pervading with the industry’s digital migration, a recent Arizent study found.https://www.nationalmortgagenews.com/news/as-mortgage-cyber-threats-evolve-more-self-testing-is-needed?
CFPB to Increase Oversight of Automated Valuation Models
Mortgage Professional America, Feb. 24, 20221–Candyd MendozaThe Consumer Financial Protection Bureau announced it will ramp up its oversight of automated valuation models after the Federal Housing Finance Agency discovered discriminatory …
Fannie Mae’s February Forecast Revises Nearly Everything
Mortgage News Daily, Feb. 23, 2022–Jann SwansonFannie Mae’s economists have again stepped up their expectations for the Fed’s response to escalating inflation. A 7.5 percent annual increase in the January …
Bidding Wars Hit Record as U.S. Housing Market Shows No Signs of Slowing
Bloomberg, Feb. 23, 2022–Allison McNeelyNew families, remote workers and rising mortgage rates made January the most competitive month ever for house hunters.https://www.bloomberg.com/news/articles/2022-02-23/how-much-should-you-bid-to-buy-a-home-10-over-asking-not-enough-in-nj?srnd=premium
Forbearance Requests and Re-Entries Increase as Exits Hits Record Low
Mortgage Professional America, Feb. 23, 2022–Candyd MendozaMore homeowners have requested an extension or to re-enter their forbearance plans in January, the Mortgage Bankers Association reported Tuesday.https://www.mpamag.com/us/mortgage-industry/market-updates/forbearance-requests-and-re-entries-increase-as-exits-hits-record-low/326409