National Mortgage Professional, Sept. 1, 2022–David KrechevskyWells Fargo Senior Economist Mark Vitner told the San Francisco Business Times that it’s only a matter of time before the true nature of …
Category: Top National News
MBA Economists: The Overcapacity that Still Needs to Be Cut
HousingWire, Aug. 31, 2022–Mike Fratantoni, Marina Walsh, CMB, Joel KanMBA economists address a key question: “How much overcapacity was there in the industry for this level of volume, and how …
Wall Street-Backed Player Boost Build-to-Rent Market
HousingWire, Aug. 31, 2022–Bill ConroyInstitutional giants in the single-family rental market expand home building as the overall home-start market tanks.https://www.housingwire.com/articles/wall-street-backed-players-boost-build-to-rent-market/
Freddie Mac’s Credit Risk Transfers Set Records for 2Q, First Half
National Mortgage News, Aug. 31, 2022–Bonnie Sinnock (subscription)The government-sponsored enterprise issued approximately $6.5 billion between April and June, mitigating risks on mortgages with a total unpaid principal balance of around …
The U.S. Housing Market Downturn Will Be Worse in 2023, Forecast Goldman Sachs
Fortune, Aug. 31, 2022–Lance LambertThe U.S. entered into its first housing downturn of the post-Great Financial Crisis era. And the worst still awaits. On Tuesday, researchers at Goldman Sachs released …
Bank of America Tests No-Down-Payment Mortgages for Minority Communities
Bloomberg, Aug. 30, 2022–Katherine DohertyBank of America Corp. started a trial program aimed at helping first-time homebuyers in Black and Hispanic neighborhoods by offering mortgages that don’t require down payments, …
Bank MSR Values the Highest Since 4Q 2005
Inside Mortgage Finance, Aug. 30, 2020–Namrata BhatiaDollar volume of mortgage servicing rights banks and thrifts handled for other investors remained steady in the second quarter but the value allocation on …
Mountain West Financial Steps Back from Wholesale Lending
HousingWire, Aug. 20, 2022–Flavia Furlan NunesThe Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” …
Citigroup Mortgage Sponsors $476.5 Million Deal on Modified Mortgage Portfolio
Asset Securitzation Report, Aug. 29, 2022–Donna MitchellA portfolio of 1,804 modified loans will secure the latest issuance from Citigroup Mortgage Loan Trust, which intends to raise some $476.5 million in …
How One Debt Lender Plans to Play the Second Half
GlobeSt.com, Aug. 29, 2022–Erika MorphyPGIM Real Estate had a robust first half for its debt business, but the second half will likely see an overall decrease in transaction volume.https://www.globest.com/2022/08/29/how-one-debt-lender-plans-to-play-the-second-half/?