Wall Street Journal, Feb. 9, 2023–Robyn A. Friedman (subscription)The process of getting a mortgage can be a challenging one for applicants of any age. But for older borrowers, those who …
Category: Top National News
The Most Empty Downtown in America
New York Times The Daily podcast, Feb. 9, 2023–Michael BarbaroFor the past decade, San Francisco has worked hard to turn its downtown into a vibrant hub, providing a model that …
Black Homeownership–Why the American Dream is Still Elusive
Mortgage Professional America, Feb. 8, 2023–Tony CantuFifty years after Martin Luther King Jr.’s “I Have a Dream” speech, the ideal of equality remains far from realized for too many Black …
Here’s Where Millennials Are, And Aren’t, Buying Homes: Study
New York Post, Feb. 8, 2023–Joyce CohenA new report by mortgage marketplace LendingTree examines mortgage offers made last year in the 50 largest metro areas. It found more than half …
MBA Urges FHFA to Remove DTI Ratio from GSEs’ Loan Pricing Framework
Mortgage Professional America, Feb. 7, 2023–Candyd MendozaRobert Broeksmit, president and CEO of the Mortgage Bankers Association, reiterated initial concerns about adding an LLPA based on debt-to-income ratio, its unfortunate timing …
Banks Face Avalanche of Data Demands Ahead of CRA, CFPB Final Rules
American Banker, Feb. 7, 2023–Miriam Cross (subscription)This potential triple whammy means that financial institutions may want — or need — to get a head start at strategizing what tools they …
Wells Testing the Waters With Two MSR Offerings
Inside Mortgage Finance, Feb. 7, 2023–Paul Muolo (subscription)Wells Fargo is in the market selectively chatting up two bulk packages of mortgage servicing rights, one sized at $20 billion, another at …
HMDA Reporting Requirement Extends to More Banks
National Mortgage News, Feb. 6, 2023–Maria Volkova (subscription)The Office of the Comptroller of the Currency informed banks, which it oversees, that changes have been made to Home Mortgage Disclosure Act …
Home-Buying Companies Stuck With Hundreds of Houses as Demand Slows
Wall Street Journal, Feb. 7, 2023–Will Parker, Nicole Friedman (subscription)As mortgage rates surged, some customers backed out of purchases or needed more time for financing.https://www.wsj.com/articles/home-buying-companies-stuck-with-hundreds-of-houses-as-demand-slows-11675739434?mod=hp_lead_pos5
Latest on the Housing Market
Good Morning America, Feb. 6, 2023The home-buying season is ready to kick into high gear in the coming months. MBA Chief Economist Mike Fratantoni joins GMA to discuss how interest …