NPR Morning Editions, Oct. 12, 2022–Chris ArnoldMortgage rates are up near 7%. That’s adding nearly $1,000 a month to the mortgage payment for a typical house, sending home ownership beyond …
Category: Top National News
Seniors Hold Record $11.58 Trillion in Home Equity
National Mortgage News, Oct. 12, 2022–Andrew Martinez (subscription)Seniors enjoyed record rises in home equity this summer, holding an all-time high of $11.58 trillion in housing wealth in the second quarter, …
Home Point Cancels Credit Suisse Repo Line
Inside Mortgage Finance, Oct. 12, 2022–Paul MuoloHome Point Financial Corp., after the bell Tuesday, disclosed it terminated a master repurchase agreement and securities contract it had with Credit Suisse First …
How Rising Mortgage Rates are Pushing People Back into the Rental Market
The Hill, Oct. 11, 2022–Adam BarnesIn-place rents — where renters are already in a lease — are the focus of the Fed’s inflation measures rather than asking rents, said Jamie …
Late Court Rulings Set Stage for Fairholme-FHFA Trial
Inside Mortgage Finance, Oct. 11, 2022–Dennis HollierThe federal government appears to have won the latest skirmish in its seemingly endless war with the shareholders of Fannie Mae and Freddie Mac.https://www.insidemortgagefinance.com/articles/225917-late-court-rulings-set-stage-for-fairholme-fhfa-trial?v=preview
Biden Labor Proposal Shakes Up Gig Economy that Relies on Contractors
Reuters, Oct. 11, 2022–Daniel Wiessner, Nandita Bose, David ShepardsonThe U.S. Department of Labor proposed a rule on Tuesday that would make it more difficult for companies to treat workers as …
Home Flippers Get Burned by US Housing Market’s Sudden Slump
Bloomberg, Oct. 11, 2022–Prashant GopalAfter an abrupt end to the US housing boom, home flippers who were winning big just months ago are now racing to stem losses. Doubling of …
Triple Blow for Renters
Mortgage Professional America, Oct. 11, 2022–Richard TorneHigher rental prices are expected to continue until next year, mostly due to the fact that demand for rental properties has soared, as many …
Lower Has a Round of Layoffs to ‘Weather Upcoming Rate Hikes’
HousingWire, Oct. 10, 2022–Flávia Furlan NunesOhio-based mortgage lender Lower imposed a round of layoffs last week due to market conditions, affecting 6% of its workforce, according to a spokesperson for …
A Decline in Market Share for High LTV GSE Loans
Inside Mortgage Finance, Oct. 10, 2022–Brandon IveyIn the mid-range credit score bucket (scores between 700 and 739), the share of mortgages with LTV ratios between 81% and 97% declined from …