Connect CRE, Sept. 27, 2022–Paul BubnyCommercial/multifamily mortgage debt outstanding increased by $99.5 billion, or 2.3%, in the second quarter of 2022, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage …
Category: Top National News
A Ray of Positive News: Home-Equity Originations Soar
Inside Mortgage Finance, Sept. 29, 2022–Andras Malatinszky (subscription)Residential lenders of all different stripes originated $72.0 billion of home-equity lines of credit and closed-end seconds in the April-June period, a handsome …
Opinion: Customer Service is a Lender’s Greatest Strength
HousingWire, Sept. 26, 2022–Eric BernsteinThese days, every week brings a new report, forecast or piece of news reminding us that the mortgage lending market is in uncharted waters. Mortgage demand …
Fed’s Evans Sees Interest Rates at 4.25-4.5% by Year End
Reuters, Sept. 27, 2022–Lindsay Dunsmuir and Catherine EvansThe U.S. Federal Reserve will need to raise interest rates by at least another percentage point this year, Chicago Fed President Charles Evans …
Foreclosure Starts Rose in August
National Mortgage News, Sept. 23, 2022–Brad Finkelstein (subscription)After increasing for two consecutive months, the national delinquency rate fell by 3.6% in August, to just 4 basis points above the record …
Brokers Steamed at Fannie Mae Over TPO Fee
Inside Mortgage Finance, Sept. 23, 2022–Dennis HollierThe mortgage industry has stepped up its criticism of a 15-basis-point fee that Fannie Mae charges for broker-originated loans. The fee, which went into …
Cons and How To Spot Them
UExpress, Sept. 23, 2022–Lew SichelmanConfidence games come and go. But some seem to go on forever. Con artists are apparently still selling building lots in Florida, sight unseen, that turn …
Opinion: SFR Companies Not to Blame for Lack of Inventory
HousingWire, Sept. 23, 2022–David HowardExecutive director of the National Rental Home Council disputes allegations that single-family rental home companies are responsible for lack of housing inventory, noting large companies own …
Federal Court Shutters Sham Mortgage Relief Operation
National Mortgage Professional, Sept. 22, 2022–David KrechevskyThe Federal Trade Commission and the California Department of Financial Protection and Innovation together petitioned the court to close the numerous businesses operated under …
How Many Home Lenders are Losing Money? A Lot
Inside Mortgage Finance, Sept. 22, 2022–Paul MuoloAs interest rates continue to rise and originations wane, mortgage lenders across the land are grappling with an existential dilemma: How many more quarters …