Fox Business, June 17, 2022–Kelsey RamirezA new report from the Consumer Financial Protection Bureau (CFPB) revealed many homeowners are struggling to make their monthly mortgage payments after exiting COVID-19 hardship …
Category: Top National News
Goldman Sachs Says the U.S. Housing Market Will Soon Slow Sharply…
Business Insider, June 17, 2022–Harry RobertsonGoldman Sachs expects the growth in US home prices to slow down sharply, as rising interest rates push up mortgage costs and make houses much …
Lenders Defend Offering DSCR Loans with Negative Cash Flow
Inside Mortgage Finance, June 15, 2022–Brandon IveyAs counterintuitive as it may seem, some non-agency lenders are touting their debt service coverage ratio loans for investments properties where the income generated …
U.S. Home Equity Hits Highest Level on Record—$27.8 Trillion
Wall Street Journal, June 15, 2022–Orla McCaffrey (subscription)Americans have more equity in their homes than ever before. Total U.S. home equity increased almost 20% in the first quarter to $27.8 …
Americans Are Building Vacation-Home Empires With Easy-Money Loans
Bloomberg, June 14, 2022–Prashant GopalSelling risky mortgages based on volatile per-night Airbnb income could end badly for communities, borrowers and investors.https://www.bloomberg.com/news/features/2022-06-14/airbnb-rentals-turn-into-real-estate-goldmines-with-easy-money-mortgages?srnd=premium#xj4y7vzkg
Hispanic Homeowners In Fla. Awarded $4.6M In Discrimination Lawsuit
National Mortgage Professional, June 14, 2022–Sara WolakHispanic homeowners in Florida who were plaintiffs in a federal lawsuit claiming they were targeted by predatory mortgage modification services and discriminated against based …
A Rare Slowdown in the Outsourcing of Servicing
Inside Mortgage Finance, June 14, 2022–Paul MuoloAfter several years of strong growth, the subservicing sector is starting to flatten out a bit, at least in the first quarter.https://www.insidemortgagefinance.com/articles/224887-a-rare-slowdown-in-the-outsourcing-of-servicing?v=preview
Bonds No Longer a Safe Haven? 10-Year Treasury Tops 3.33%
Inside Mortgage Finance, June 13, 2022–Paul MuoloThe yield on the benchmark 10-year Treasury reached a new 52-week high of 3.33% briefly before simmering down ever so slightly. The reason behind …
Warehouse Giant Prologis Agrees $26 Bln Merger with Duke Realty
Reuters, June 13, 2022–Aishwarya Nair, Chibuike OguhPrologis Inc., a warehouse-focused real estate income trust, said on Monday it would acquire peer Duke Realty Corp. for about $26 billion, including debt, …
How Servicers are Putting Available Originators to Work
National Mortgage News, June 13, 2022–Brad Finkelstein (subscription)Today, servicers could be missing an opportunity if they ignore the displaced experienced talent from the origination business. After all, loan modification activity …