Commercial Observer, Feb. 14, 2022–Andrew CoenEthan Handelman, deputy assistant secretary for HUD’s Office of Multifamily Housing, said at Monday’s Mortgage Bankers Association CREF conference in San Diego that the agency …
Category: Top National News
Will Mortgage Rates Reach 4% in 2022?
Bankrate.com, Feb. 14, 2022–Zach Wichter“Our forecast is for the 30-year fixed rate to gradually increase over the course of the year, reaching 4.0 percent in Q4 2022,” said Joel Kan, …
As the Market Shifts to Purchase, LOs Get Creative
HousingWire, Feb. 11, 2022–Maria VolkovaAccording to the Mortgage Bankers Association’s yearly forecast, purchase mortgage originations are expected to grow by 9% to $1.73 trillion in 2022, while refinance origination will …
Mortgage Education Fraud Case Settled in 3 States
National Mortgage News, Feb. 11, 2022–Spencer Lee (subscription)The owner of a national mortgage training program charged with fraudulently securing and providing certifications to loan officers has agreed to settle with …
Wall Street Pushes ‘Live With It’ Mindset in Office Return
Bloomberg, Feb. 11, 2022–Jennifer SuraneWall Street executives are taking another crack at bringing staff back to the office. This time, they’re hoping it sticks.https://www.bloomberg.com/news/articles/2022-02-11/wall-street-bosses-push-live-with-it-mindset-in-office-return?srnd=premium
Home Remodeling Industry Thriving Despite Hurdles
Mortgage Professional America, Feb.11, 2022–Tony CantuSupply chain problems? Rising costs? Despite such prevailing challenges in the housing market, a new report shows the remodeling industry saw strong demand throughout 2021.https://www.mpamag.com/us/news/general/home-remodeling-industry-thriving-despite-hurdles/325239
Mortgage Servicer Accused of Pushing Distressed Homeowners Onto Its Auction Site
Capital & Main, Feb. 11, 2022–Jessica GoodheartA class action lawsuit alleges that Nationstar is pushing distressed borrowers by the thousands every year to use its subsidiary, an online real estate …
Opinion: Court Decision Redefines Covered Errors in Mortgage Servicer Loss Mit
National Mortgage News, Feb. 11, 2022–Dayna Chucta, Adam Swanson (subscription)A Second Circuit decision, Naimoli v. Ocwen Loan Servicing, issued in January, now provides that a loan servicer’s errors in handling …
A Challenging Nine Months for Better.com
Inside Mortgage Finance, Feb. 11, 2022–Paul MuoloBetter.com — the mortgage fintech that still has designs on going public this year — lost $111.1 million during the first nine months of …
Multifamily Values Increasing Faster in Suburbs and Smaller Metros
Wealth Management Real Estate, Feb. 11, 2022–Jenn ElliotOver the past 18 months, multifamily values have increased so substantially that even industry veterans who’ve experienced multiple real estate cycles are a …