CNBC, July 13, 2022–Diana OlikMortgage applications to purchase a home fell 4% for the week and were 18% lower than the same week one year ago, according to the Mortgage …
Category: Top National News
Are New Credit Concerns Coming to Multifamily?
Multi-Housing News, July 12, 2022–Lew Sichelman“Credit washing” is a trick that is rampant in the auto lending sector, according to Point Perspective, a risk management company. It’s now starting to …
Why the CFPB is Still Writing Its Small Business Data Rule a Decade Later
American Banker, July 12, 2022–Kate Berry (subscription)One of the Consumer Financial Protection Bureau’s most important rules — requiring that lenders collect data on small-business loans — has proven to be …
Lower-Rate Loans Dominate PLS Pipeline
HousingWire, July 12, 2022–Bill ConroyThe loan quality of mortgage pools backing private-label securitization deals has remained solid this year through the end of June, even as deal volume slowed appreciably …
Non-Agency MBS Issuance Down Sharply in 2Q22
Inside Mortgage Finance, July 11, 2022–Brandon IveyMortgage firms issued $21.35 billion of non-agency MBS in the second quarter, a 39% drop from the prior period, according to a new ranking …
Homebuyers Are Backing Out Of Sales At Record Levels: Report
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
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 …