Inside Mortgage Finance, Feb. 8, 2022–Monica HoganNew issuance of Ginnie Mae MBS peaked in April 2021 and has been on an almost steady decline ever since, with the downward trend …
Category: Top National News
Why Realtors Have Embraced Brutal Honesty. ‘Smells Like a Farmtown.’
Wall Street Journal, Feb. 7, 2022–Jennifer Levitz (subscription)Lots of Americans have relocated during the COVID-19 pandemic, sometimes sight unseen. Real estate agents are doing some truth-telling in advance.https://www.wsj.com/articles/why-realtors-have-embraced-brutal-honesty-smells-like-a-farmtown-11644244699?
Manhattan Offices Face Reckoning as Older Buildings Get Left Behind
Bloomberg, Feb. 7, 2022–Natalie Wong, Jo ConstantzGlassy skyscrapers that have popped up in recent years are luring companies seeking new space and preparing for the hybrid-work era, a sign of …
How One Firm is Leaving the Telephone Behind
Mortgage Professional America, Feb. 7, 2022–Mark HollmerAgile Trading Technologies grew out of a desire to move away from the telephone. Specifically, its principals wanted to automate trades and transactions involving …
Santander to Begin Laying Off Mortgage Employees
HousingWire, Feb. 7, 2022–Flavia Furlan NunesPink slips will start arriving for Santander Bank’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such …
Elevated Bond Yields Approach Key Milestone
Wall Street Journal, Feb. 7, 2022–Sam Goldfarb (subscription)Friday’s blockbuster jobs report has pushed the yield on the 10-year U.S. Treasury note within reach of 2%, marking a major step in …
Forbearance Count Reverses Course and Resumes Downward Slide
National Mortgage News, Feb. 7, 2022–Bonnie Sinnock (subscription)People with mortgage payments on hold due to coronavirus-related hardships has fallen after two weeks of gains, suggesting the long-term downward trajectory in …
How to Solve Purchase Loan Processing Challenges
HousingWire, Feb. 7, 2022–Brian OstrowiakThe Mortgage Bankers Association estimates a 9% increase to a record new purchase volume of $1.73 trillion for 2022. As mortgage lenders begin to rely more …
Angel Oak, AmWest Top Contributors to ECM MBS in 2021
Inside Mortgage Finance, Feb. 7, 2022–Brandon IveyAngel Oak Companies and AmWest Funding were neck-and-neck in first and second place among lenders contributing to expanded-credit mortgage-backed securities issued in 2021, according …
In Covid-19 Housing Market, the Middle Class Is Getting Priced Out
Wall Street Journal, Feb. 7, 2022–Nicole Friedman (subscription)Surging demand and shrinking supply combine to make home buying more difficult as affordability worsens for many during the pandemichttps://www.wsj.com/articles/in-covid-19-housing-market-the-middle-class-is-getting-priced-out-11644246000