HousingWire, Feb. 16, 2022–Flavia Furlan NunesFlorida-based mortgage tech and analytics behemoth Black Knight reported on Tuesday that despite strong sales in the fourth quarter, net earnings in 2021 were down …
Category: Top National News
Feds Scold Appraisal Regulator Over Weak Anti-Bias Guidance
National Mortgage Professional, Feb. 16, 2022–David KrechevskyOfficials from eight federal agencies have co-signed a letter to The Appraisal Foundation demanding the organization include “clear warnings” against racial discrimination in the …
Fed Eyes Potential for Faster Rate Increases to Ease Inflation
Wall Street Journal, Feb. 16, 2022–Nick Timiraos (subscription)Federal Reserve officials at their meeting last month discussed an accelerated timetable for raising their benchmark interest rate beginning with an anticipated increase …
Housing Market is the ‘Strongest’ It’s Ever Been: Mortgage Bankers Association Board Member
Fox Business, Feb. 16, 2022During an interview on “Mornings with Maria” Mortgage Bankers Association board member Jeff Taylor said the housing market is the “strongest it’s ever been,” coming off …
The Average Size of a New Mortgage Just Set a Record, as Home Prices Continue to Climb
CNBC, Feb. 16, 2022–Diana OlickMortgage applications to buy a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was …
Can You Guess Which Is The Most Expensive Housing Market In The US?
Benzinga, Feb. 16, 2022–Phil HallZillow identified Indian Creek, Florida, an exclusive 300-acre island in Miami’s Biscayne Bay, as the most expensive U.S. city in 2021, where a typical home value …
Secondary Market Deliveries Earn a Reprieve in January
Inside Mortgage Finance, Feb. 16, 2022–Dennis HollierThere was a slight increase in mortgage deliveries to Fannie Mae and Freddie Mac in January, despite rising interest rates and a low inventory …
Better.com’s Internal Turmoil Persists While Financial Losses Mount
National Mortgage News, Feb. 15, 2022–Andrew Martinez (subcsription)Better.com is reckoning with significant losses financially and internally following its headline-grabbing layoffs via Zoom in December, the company revealed this week.https://www.nationalmortgagenews.com/news/better-com-internal-turmoil-persists-while-financial-losses-mount
Out-of-Town Home Buyers Will Pay 30% More Than Locals in Hottest U.S. Markets
Bloomberg, Feb. 15, 2022–Allison McNeelyIn cities including Nashville, Philadelphia, Atlanta and Miami, people migrating from elsewhere are willing to pay way more than asking price.https://www.bloomberg.com/news/articles/2022-02-15/top-10-most-competitive-housing-markets-where-out-of-towners-outspend-locals?srnd=premium
Black Knight Acquires Remaining Interest In Optimal Blue Holdco for $1.16B
National Mortgage Professional, Feb. 15, 2022–Katie JensenBlack Knight Inc. acquired the outstanding interest of Optimal Blue Holdco LLC from Cannae Holdings Inc. and Thomas H. Lee Partners, L.P. for nearly …