CNBC, Feb. 9, 2022–Diana OlickMortgage applications to purchase a home dropped 10% last week compared with the previous week, seasonally adjusted, and were 12% lower year over year, according to …
Category: Top National News
Whole-Loan Prices for Non-QMs Slip…
Inside Mortgage Finance, Feb. 9, 2022–Paul MuoloThe lower pricing means MBS deals can still get done, but non-QM originators will be forced to raise their rates to make the numbers …
Analysis: The State Of The Commercial Real Estate Industry
Benzinga, Feb. 8, 2022–Phil HallOn Feb. 13, the Mortgage Bankers Association (MBA) will kick off its annual Commercial Real Estate Finance (CREF) conference, one of the most important trade events …
Foreign Investment in U.S. Commercial Property Exceeds Pre-Pandemic Levels
Wall Street Journal, Feb. 8, 2022–Peter Grant (subscription)Foreign investment in U.S. commercial property surpassed pre-pandemic levels last year, as overseas investors piled back in after travel restrictions eased and the …
EClosings Can Save Lenders $444 Per Loan, Report Finds
National Mortgage News, Feb. 8, 2022–Brad Finkelstein (subscription)Mortgage lenders can save nearly $444 on their per loan costs if they do a full eClosing, while savings for the title/settlement provider …
Robust Imports Boost U.S. Trade Deficit to Record High in 2021
Reuters, Feb. 8, 2022–Lucia MutikaniThe U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust domestic …
Largescale Investors Under the Spotlight over Single-Family Homes
Mortgage Professional America, Feb. 8, 2022–Richard TorneLarge scale investors have come under fire for reducing the supply of affordable homes for low and moderate income borrowers by buying up “large …
NewRez Lays Off 386 Following Caliber Acquisition
HousingWire, Feb. 8, 2022–Flavia Furlan NunesPowerhouse lender and servicer New Residential Investment Corp. has reduced hundreds of job positions in its mortgage division, less than a year after acquiring the …
Fannie Mae Settles Fair Housing Lawsuit for $53M
National Mortgage Professional, Feb. 8, 2022–David KrechevskyAgreement with coalition of fair housing organizations compensates for unequal treatment of REO properties in minority communities.https://nationalmortgageprofessional.com/news/fannie-mae-settles-fair-housing-lawsuit-53m
Americans Lever Up on Credit Card, Mortgage Debt Ahead of Higher Interest Rates
Yahoo! Finance, Feb. 8, 2022–Brian CheungTotal household debt increased by $333 billion to $15.58 trillion in the final three months of last year, according to the Federal Reserve Bank of …