Benzinga, July 11, 2022–Phil HallApproximately 60,000 home-purchase agreements were terminated during June, which is the equivalent of 14.9% of homes that went under contract that month, Redfin reported.https://www.benzinga.com/news/22/07/28018387/homebuyers-are-backing-out-of-sales-at-record-levels-report
Category: Top National News
Originators Eager to Learn about Non-QM, Says Product Specialist
Mortgage Professional America, July 11, 2022–Richard TorneA recent spike in demand to learn more about non-QM products is proof that mortgage professionals are “adjusting to a new norm” where refi …
Three Reasons Home Buyers Are Considering Adjustable-Rate Mortgages
Wall Street Journal, July 6, 2022–Veronica Dagher (subscription)According to the Mortgage Bankers Association, 9.5% of mortgage applications submitted the week ending July 1 were for adjustable-rate mortgages, up from around …
How Lenders Can Help to Alleviate the Affordable Housing Crisis
National Mortgage News, July 8, 2022–Teresa Bryce Bazemore (subscription)By leveraging establishing relationships and engaging stakeholders, mortgage companies can play a part in alleviating the home availability and affordability strain, writes …
As Boomers Age Out, How Will Housing Inventory Be Impacted?
DS News, July 8, 2022–Kyle G. HorstA new study from the Mortgage Bankers Association, “Who Will Buy the Baby Boomers’ Homes When They Leave Them,” analyzes data on housing, demographics …
Wall Street SFR Firms Accused of Stripping Equity from Neighborhoods
HousingWire, July 8, 2022–Bill ConroyInstitutional players in the single-family rental market have been expanding their reach into select American neighborhoods since the global financial crisis of 2008, but they now …
CMBS Delinquency Rate Rises For First Time In 6 Months: What You Need To Know
Benzinga, July 7, 2022–Phil HallThe delinquency rate for commercial mortgage-backed securities (CMBS) took a rare upswing in June, marking the first time since last December and only the second time …
Just In: 2Q22 Agency Mortgage Tally Lowest Since Early 2019
Inside Mortgage Finance, July 7, 2022–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued $449.19 billion of single-family MBS in the second quarter, a 26.6% nosedive from the first three …
Freddie Mac Credits On-Time Rent Payments for First-Time Buyers
Orange County Register, July 7, 2022–Jeff LazersonFor years, many renters have struggled to qualify for a loan, simply because their credit files are too thin to generate a credit score. …
Adjustable-Rate Mortgages Have Risks But Can Save You money–and Demand for Them has Tripled Since January
CNBC, July 7, 2022–Mike WintersThe share of adjustible-rate mortgage applications has more than tripled to 10.1% since January, according to June data provided by the Mortgage Bankers Association.https://www.cnbc.com/2022/07/07/adjustable-rate-mortgages-have-risks-but-can-save-you-money.html