National Mortgage News, Oct. 13, 2022–Bonnie Sinnock (subscription)The Federal Housing Finance Agency this week suspended business with certain individuals found guilty in court of involvement with scams regarding mortgaged properties, …
Category: Top National News
Demand for Riskier Home Loans is High as Interest Rates Soar
CNBC, Oct. 12, 2022–Diana OlickTotal mortgage application volume dropped 2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index, a consequence of surging …
As Mortgage Rates Rise, Some People are Giving up on Owning a Home
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 …
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 …