Bloomberg, Feb. 18, 2022–Misyrlena EgkolfopoulouFinding an apartment with extra space and amenities in NYC has become as competitive as buying a home.https://www.bloomberg.com/news/features/2022-02-18/looking-to-rent-in-nyc-what-bidding-wars-long-lines-mean-for-apartment-hunters?srnd=premium
Category: Top National News
Originators–Don’t Panic
Mortgage Professional America, Feb. 18, 2022–Tony Cantuamie Cavanaugh, chief operating officer and partner at Amerifund Home Loans Inc., said it’s not too late to achieve consistency – a virtue she …
Mortgage Rates Will Rain on This House Party
Wall Street Journal, Feb. 18, 2022–Justin Lahart (subscription)There is reason to believe that America’s housing market will be able to weather rising interest rates. That doesn’t mean that higher borrowing …
Rising Mortgage Rates Add to the Challenge of Buying a House
New York Times, Feb. 18, 2022–Ann CarrnsMortgage rates are rising quickly. The Mortgage Bankers Association forecasts average rates will be slightly above 4 percent by the end of the year …
The Housing Market Conundrum: Home Sales And Prices Soar While Inventory Shrinks
Benzinga, Feb. 18, 2022–Phil HallThe U.S. housing market is barreling into 2022 with a magnified version of the dilemma it carried last year: a seemingly nonstop rise in home sales …
Warehouse Commitments Drop, Usage Rates Begin to Crumble
Inside Mortgage Finance, Feb. 18, 2022–Paul MuoloWarehouse financiers ended 2021 with $144.0 billion of commitments on their books, a sequential decline of 2.0%, capping off a record year for residential …
Odd Lots: Crypto, Pay, Bias, Mobile
UExpress, Feb. 18, 2022–Lew SichelmanUnder rules promulgated by Fannie Mae and Freddie Mac, which purchase mortgages from lenders on the secondary market, bitcoin and similar currencies must be converted to …
What’s Ahead for the Non-QM Market?
National Mortgage News, Feb. 17, 2022–Brad Finkelstein (subscription)In recent weeks, a number of lenders and software providers have launched new products to serve the mortgage lending segments outside of the …
Agents Share How Homebuyers with a Loan Can Top All-Cash Offers
Orange County Register, Feb. 17, 2022–Jeff LazersonAlmost every purchase mortgage I’m arranging right now has a strong connection between the listing agent and the buyer’s agent. (MBA mention)https://www.ocregister.com/2022/02/17/agents-share-how-homebuyers-with-a-loan-can-top-all-cash-offers/
SRE Mortgage Alliance Closed In 4Q 2021, All Staff Laid Off
National Mortgage Professional, Feb. 17, 2022–David KrechevskySRE Mortgage Alliance Inc., a technology-focused wholesale lender based in El Segundo, Calif., that specialized in residential home loans, closed and laid off its …