Wall Street Journal, Feb. 17, 2022–Andrew Ackerman, Nick Timiraos (subscription)Sarah Bloom Raskin, the Biden administration’s nominee for a top regulatory post at the Federal Reserve, is struggling to overcome resistance …
Category: Top National News
Retail Continues its Channel Domination
Inside Mortgage Finance, Feb. 17, 2022–John BancroftRetail lending remained the biggest source of first-lien mortgage originations in 2021, accounting for 63.5% of the market, according to a new Inside Mortgage …
Housing Market Seesaw: Mortgage Rates Soar While Housing Starts Drop
Benzinga, Feb. 17, 2022–Phil HallWhile mortgage rates were on the rise, housing starts were in decline, based on the latest federal data. (MBA mention)https://www.benzinga.com/general/education/22/02/8884660/why-rehiring-steve-jobs-was-the-best-move-apple-ever-made
Mortgage Rates Sor to Levels Not Seen in Three Years
Washington Post, Feb. 17, 2022–Kathy OrtonInflation, which has been hitting consumers hard in their everyday lives, is also causing pain for home buyers in the form of soaring mortgage rates. …
CFPB Snubs ‘Revolving Door’ with New Public Petition Process for Rulemaking
HousingWire, Feb. 16, 2022–Maria VolkovaThe Consumer Financial Protection Bureau wants to let the public — not high-powered lobbyists — go to the front of the line to shape the agency’s …
Mortgage Applications Fraud Risk Soars in 4Q
National Mortgage News, Feb. 16, 2022–Brad Finkelstein (subscription)Mortgage fraud risk soared upward in the fourth quarter due to the drop in overall loan application volume and the shift to a …
Multifamily Mortgage Originations Leap Higher in Q4
Yield Pro, Feb. 16, 2022–Bill JohnsonA report from the Mortgage Bankers’ Association (MBA) says that there was a sharp rise in multifamily mortgage originations in Q4 both on a quarter-over-quarter …
4 Bed, 3 Bath, No Garage Door: The Unlikely Woes Holding Up Home Building
New York Times, Feb. 15, 2022–Emily BadgerThe home-building industry is having the most difficult time in decades meeting demand, the sum of many pandemic complications. But this moment reaches peak …
Retail Sales Jumped 3.8 Percent in January, Beating Expectations
The Hill, Feb. 16, 2022–Sylvan LaneRetail sales rose 3.8 percent in January, according to data released Wednesday by the Census Bureau, far higher than economists had expected.https://thehill.com/policy/finance/594507-retail-sales-jumped-38-percent-in-january-beating-expectations
Blackstone to Buy Preferred Apartment Communities in $5.8 Bln Deal
Reuters, Feb. 16, 2022–Manya Saini, Niket NishantPreferred Apartment Communities Inc said on Wednesday a Blackstone Inc unit would buy it in a $5.8 billion deal, as the world’s biggest alternate …