Wall Street Journal, Jan. 26, 2023–Ben Eisen (subscription)The mortgage market finished last year on a down note. Rapidly rising interest rates slowed quarterly originations to $335 billion, their lowest total …
Category: Top National News
The Final Origination Tally for 2022: $2.2 Trillion, Off 49%
Inside Mortgage Finance, Jan. 26, 2023–John Bancroft (subscription)The mortgage lending business was wobbling badly as 2022 came to close. Unfortunately, the new year likely won’t bring immediate relief. Mortgage lenders …
The Final Origination Tally for 2022: $2.2 Trillion, Off 49%
Inside Mortgage Finance, Jan. 26, 2023–John Bancroft (subscription)The mortgage lending business was wobbling badly as 2022 came to close. Unfortunately, the new year likely won’t bring immediate relief. Mortgage lenders …
FHFA Updates Radon Standards for GSE-Backed Multifamily Properties
Multifamily Executive/Affordable Housing Finance, Jan. 23, 2023–Christine SerlinThe Federal Housing Finance Agency has made enhancements to radon standards for Fannie Mae- and Freddie Mac-backed multifamily properties. The aligned standards for …
MSR Deal Chatter: Lots of Smoke, No Fire…
Inside Mortgage Finance, Jan. 20, 2023–Paul MuoloThe mortgage servicing sales market this week was rife with rumors of multi-billion dollar portfolios being jettisoned, but little in the way of hard …
Tax Appeal May Bring Big Savings
The Housing Scene (UExpress), Jan. 20, 2023–Lew SichelmanProperty taxes are rising right along with the cost of food, gas and other necessities. One main difference: You won’t have to wait …
Rocket CFO Warns Against Reliance on MSR Sales
Inside Mortgage Finance, Jan. 19, 2023–Brandon IveyNonbanks looking to sell mortgage servicing rights to stay afloat could see demand shrink in a hurry, according to Brian Brown, chief financial officer …
Some Home Builders Are Offering Mortgage Rates as Low as 3%. Here’s How—and Why—They’re Doing It
MarketWatch, Jan. 19, 2023–Aarthi SwaminathanHome builders are playing hardball by offering mortgage rates as low as 3% on new homes to boost buyer demand.https://www.marketwatch.com/story/some-home-builders-are-offering-mortgage-rates-as-low-as-3-heres-how-and-why-theyre-doing-it-11674145343?
Offices Vacancies at the End of 2022 Were Worse Than Pandemic Height
GlobeSt.com, Jan. 19, 2023–Erik ShermanThe latest report on the office market from Moody’s Analytics, covering the fourth quarter of 2022, is on the grim side as it sees “further shadows …
KKR Caps Withdrawals on Real Estate Trust in Latest Pullback
Bloomberg, Jan. 19, 2023–Allison McNeelyKKR & Co. joined rivals including Blackstone Inc. in limiting withdrawals from a real estate investment trust after investors sought to pull out more money.https://www.bloomberg.com/news/articles/2023-01-19/kkr-caps-withdrawals-on-real-estate-trust-following-blackstone?srnd=premium