Bloomberg, Sept. 8, 2022–John GittelsohnSan Francisco home prices tumbled last month as soaring interest rates and an exodus of tech workers battered demand in one of the most expensive US …
Category: Top National News
Who Will Survive the Fintech Winter of 2022?
HousingWire, Sept. 8, 2022–Daniel SogorkaOne thing is certain for all of us: without technical expertise, fintech is just a buzzword, and markets like this are when we earn our place …
Pension Funds Unload Office Buildings, Target High-Demand Assets
GlobeSt.com, Sept. 8, 2022–Jack RogersPension funds are still bullish on commercial real estate, but many are pulling back on investments from the underperforming office sector and shifting their resources to …
Here’s Why Some Homeowners Skipped the Refinance Boom–and Don’t Regret It
Yahoo! Money, Sept. 7, 2022–Gabriella Cruz-MartinezNearly one-fourth of all homeowners refinanced their mortgage in 2021, according to data from the Federal Reserve Bank, when mortgage rates dropped below 3%. That …
GSE Second-Home Financing Falls Off a Cliff in 2Q22
Inside Mortgage Finance, Sept. 7, 2022–Brandon IveyLenders delivered $6.91 billion of loans for second homes into GSE MBS during the second quarter of 2022, a stunning 64.2% plunge from the …
Freedom Mortgage Conducts Layoffs, Sends Jobs Overseas: Sources
HousingWire, Sept. 7, 2022–Connie KinTop 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees …
BofA Tells Court Ambac Cannot Prove $2.7 Bln Mortgage Case
Reuters, Sept. 7, 2022–Jody GodoyBond insurer Ambac Financial Group Inc cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities on evidence that BofA was a …
Strong Job Market Will Continue to Support Housing Demand–MBA
Mortgage Professional America, Sept. 6, 2022–Candyd Mendoza“While the labor market remains quite strong, with employment growth still above a sustainable pace; however, that pace is slowing,” said Mike Fratantoni, chief …
High Housing Costs Unlikely to Moderate
The M Report, Sept. 6, 2022–Demetria LesterAs national population growth sits at a record low, domestic migration was the key component of population change on state and local levels in …
A Bright Spot Appears: The HECM Niche
Inside Mortgage Finance, Sept. 6, 2022–Monica HoganReverse mortgage specialists originated $9.32 billion of FHA-backed home-equity conversion mortgages in the second quarter, an 11.2% sequential gain, according to a new tally …