Commercial Property Executive, Apr. 27, 2022; Multi-Housing News, Apr. 27, 2022–Jamie WoodwellMBA Economist analyzes latest data on commercial/multifamily mortgage debt outstanding in not one, but two different publications.https://www.commercialsearch.com/news/commercial-mortgage-debt-outstanding-jumps-to-record-high-in-q4/https://www.multihousingnews.com/multifamily-mortgage-debt-outstanding-jumps-to-record-high-in-q4/
Category: Top National News
Mortgage-Related Complaints Rise Again in 1Q, ’Coop’ Leads the Pack
Inside Mortgage Finance, Apr. 27, 2022–Andras MalatinszkyComplaints filed with the Consumer Financial Protection Bureau regarding residential lenders and servicers rose 14.3% sequentially in the first quarter of 2022, although they …
Black Homeownership Faces New Obstacles in Crowded Property Market
The Hill, Apr. 25, 2022–Tobias Burns“The housing gap” between white and Black household ownership in the U.S. is “about as wide as it’s ever been,” said Mike Fratantoni, economist with …
Servicing Sales (Transfers) Slow in 1Q But Still at Heightened Levels
Inside Mortgage Finance, Apr. 25, 2022–John BancroftWhile bulk MSR volume was down 10.8% from the fourth quarter to $165.20 billion, that figure includes only deals where portfolios were formally transferred …
A Property Tax Reckoning is Coming
HousingWire, Apr. 25, 2022–Georgia Kromrei (subscription)For those hoping to buy a home with a mortgage, property tax increases can reduce their debt-to-income ratio, and thus the amount they qualify for. …
How Fraudsters Target Mortgage Lending
National Mortgage News, Apr. 25, 2022–Spencer Lee (subscription)Mortgage lenders can be an attractive target to cybercriminals due to the value of transactions taking place and their long lists of clients …
PCF Wholesale Halts New Wholesale Submissions
National Mortgage Professional, Apr. 22, 2022–David KrechevskyPCF Wholesale, a California-based wholesale mortgage lender, issued an email announcement stating that, effective at the close of business today, it would “no longer …
Could Cost of Capital Slow SFRs?
Multi-Housing News, Apr. 21, 2022–Lew SichelmanCould the rush of institutional investors into single-family rentals have run its course at the hands of higher borrowing costs?https://www.multihousingnews.com/could-cost-of-capital-slow-sfrs/
1 In 5 Homebuyers Have Used Alternative Financing: Survey
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 …
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 …