Inside Mortgage Finance, Feb. 10, 2022–John BancroftOriginations of first-lien home loans eligible for the agency secondary market took the biggest hit during the fourth quarter of 2021, according to a …
Category: Top National News
Foreclosure Levels And Mortgage Rates At Pandemic-Era Peaks
Benzinga, Feb. 10, 2022–Phil HallThe U.S. housing market experienced the beginnings of a mortgage servicing sinkhole last month with 23,204 residential properties with foreclosure filings, a 29% increase from the …
Foreign Investors Focus on U.S. Apartments, Industrial Asset Classes
GlobeSt.com, Feb. 10, 2022–Lynn PollackGlobally, sales of commercial real estate hit $1.3 trillion last year. Cross-border investment in U.S. properties skyrocketed against the backdrop of record-high sales of commercial real …
Freddie Mac Reports a Quarterly Decline in Loan Purchases, Profit
National Mortgage News, Feb. 10, 2022–Bonnie Sinnock (subscription)New purchases of single-family loans at Freddie Mac soared to another record high in 2021, the second of two banner years for the …
Why Is Our Industry Still Transferring Money With Paper Checks?
HousingWire, Feb. 9, 2022–Jason DoshiIf you can buy a car or finance a college education on your iPad, why is financing a house done using paper money?https://www.housingwire.com/articles/why-is-our-industry-still-transferring-money-with-paper-checks/
Boston Fed Taps Economist Susan Collins as President, FOMC Voter
Bloomberg, Feb. 9, 2022–Steve MatthewsThe Federal Reserve Bank of Boston announced that Susan Collins, an economist currently at the University of Michigan, will be its new president, marking the first …
Court Blocks Ex-Keller CEO from Joining eXP
HousingWire, Feb. 9, 2022–Matthew Blakeourt blocks ex-Keller CEO from joining eXpA fierce, maybe unprecedented, court room battle over executives is brewing between Keller Williams and eXp, with Keller Williams winning …
Rocket Chairman Target Of Insider Trading Lawsuit
National Mortgage Professional, Feb. 9, 2022–David KrechevskyRocket Companies issued a statement today defending DAniel Gilbert, stating that any claim of insider trading against him is “preposterous” and calling the lawsuit …
Mortgage Firms Might Find Fewer Matches This Valentine’s Day
Wall Street Journal, Feb. 9, 2022–Telis Demos (subscription)Pool of homeowners who have good credit and could see big gains from refinancing is shrinking fast.https://www.wsj.com/articles/mortgage-firms-might-find-fewer-matches-this-valentines-day-11644408180
It’s Tough to Buy a Starter Home These Days. Three Americans Tell Their Stories
USA Today, Feb. 9, 2022–Swapna Venugopal Ramaswamy (subscription)Christine Rodriguez decided to extend the lease on her rental trailer home in Des Moines, Iowa, last month, after spending more than a …