National Mortgage Professional, Apr. 21, 2022–Steven GoodeAlternative financing has been used by 36 million homebuyers, including 7 million who are currently using the practice to purchase a home. That amounts …
Category: Top National News
As Nonbanks Falter, Warehouse Giant Texas Capital Works to Diversify
Texas Capital Bank, one of the largest financiers of nonbanks in the nation, is in the midst of diversifying its activities due to a significant slowdown in the warehouse lending …
Bank of America Settles Fair Housing Discrimination Claim
National Mortgage News, Apr. 19, 2022–Brad Finkelstein (subscription)Bank of America has entered into an agreement with a mortgage applicant who was allegedly told their loan would not be approved until …
Unable to Get a Mortgage, Millions of Americans Turn to Risky Lenders, But at What Cost?
USA Today, Apr. 20, 2022-Tiffany Cusaac-Smith, Romina Ruiz-GoirienaAt least 1 in 5 Americans have used alternative financing from 2009 to 2019, meaning many low-income buyers are purchasing homes at higher …
GSE Investment-Property Volume Holds Up Fairly Well in 1Q22
Inside Mortgage Finance, Apr. 20, 2022–Brandon IveyVolume of investment-property and second-home mortgages delivered to the GSEs held up fairly well in the first quarter of 2022 while conforming-jumbo business plummeted, …
U.S. Hotels Face $21 Billion Business-Travel Shortfall in 2022
Bloomberg, Apr. 19, 2022–Alexandre TanziBusiness travel revenue for the U.S. hotel industry is expected to fall some $20.7 billion short of pre-pandemic levels this year, after an estimated $108 billion …
Outlook for Big Box Remains Strong Despite Headwinds
GlobeSt.com, Apr. 19, 2022–Lynn PollackThe outlook for the industrial big box sector remains strong despite headwinds that include scarcity of suitable land, skyrocketing rents and ongoing supply chain woes.https://www.g
loanDepot #1 Among Contributors of Loans to Prime Non-Agency MBS
Inside Mortgage Finance, Apr. 18, 2022–Brandon IveyloanDepot was the top originator of prime mortgages that went into non-agency MBS issued during 1Q22, with $2.61 billion in contributions. Last year, the …
Opportunity Zone Funds Boosting Surge in U.S. Multifamily Construction
Urban Land magazine, Apr. 18, 2022–H. Lee MurphyOut of the wreckage of the COVID-19 pandemic, Qualified Opportunity Zone funds accelerated last year, with nearly $7 billion in new capital raised …
Homeowner Groups Seek to Stop Investors From Buying Houses to Rent
Wall Street Journal, Apr. 18, 2022–Will Parker and Nicole Friedman (subscription)Small groups of neighborhood volunteers are blocking companies from buying single-family homes, rewriting homeownership rulebooks to thwart investor purchases of …