HousingWire, Jan. 17, 2023–Flávia Furlan NunesSan Diego, California-based startup Splitero, which is focused on home equity investments (HEI), has raised about $12 million in a Series A funding round to …
Category: Top National News
An Ugly 4Q22 Decline for EC MBS
Inside Mortgage Finance, Jan. 17, 2023–Brandon IveySome $5.17 billion of expanded-credit MBS was issued by sponsors in the fourth quarter, down 46.1% sequentially, according to a new ranking and analysis.https://www.insidemortgagefinance.com/articles/226739-an-ugly-4q22-decline-for-ec-mbs?v=preview
U.S. Mortgage-Bond Trading Plunges as Higher Rates Cut Into Sales
Bloomberg, Jan. 12, 2023–Scott Carpenter (subscription)U.S. mortgage bond trading activity plunged in 2022 as new mortgage lending volume dropped and banks cut back on buying, a trend that’s likely to …
Ginnie Mae Paces Agency MSR Growth, Nonbanks Stall
Inside Mortgage Finance, Jan. 12, 2023–John BancroftPrimary market originations and secondary market sales are facing gale-force headwinds these days, but the good-old servicing market keeps growing.https://www.insidemortgagefinance.com/articles/226711-ginnie-mae-paces-agency-msr-growth-nonbanks-stall?v=preview
Why Residential Conversions Are More Commonplace
Multi-Housing News, Jan. 6, 2021–Lew SichelmanYoung adults looking for places to rent, especially in central business districts, might find just the right place in a converted office building, motel and …
City National Bank Settles DOJ Redlining Allegations for $31 Million
American Banker, Jan. 12, 2023–Kate Berry (subscription)The Justice Department said in a complaint filed Thursday that City National avoided offering home loans in Black and Hispanic neighborhoods in Los Angeles …
Apartment REITs Underperform Peer Group in Q4
GlobeSt.com, Jan. 12, 2023–Erik ShermanSome warning signs have begun to flash on multifamily rents. December was the fourth straight month-over-month decline, according to ApartmentList. Even in the Sun Belt — …
U.S. Trophy-Home Sales Had a Strong 2022, Despite a Second-Half Slowdown
Mansion Global, Jan. 11, 2023–V.L. Hendrickson2022 was a strong year for luxury sales in the U.S., though a slowing market in the second half of the year may point to …
Suddenly, A Barrage of MSR Deals Hits the Market
Inside Mortgage Finance, Jan. 11, 2023–Paul MuoloAfter 10 days or so of tepid auction activity, the servicing sales market picked up a head of steam midweek with a handful of …
Powell: Nonbanks Need Structural Reforms, Not Fed Backstop
American Banker, Jan. 10, 2023–Kyle Campbell (subscription)Federal Reserve Chair Jerome Powell said Tuesday that what big banks were to the 2008 financial crisis, nonbank financial institutions are to the pandemic …