GlobeSt.com, Mar. 30, 2022–Erik ShermanOffice occupancy remains a worry for investors, owners, operators and even tenants who want workers back in the office. There’s enough vacant office square footage that …
Category: Top National News
Fannie Mae COO To Resign in April
National Mortgage Professional, Mar. 30, 2022–David KrechevskyThe revolving door at Fannie Mae continues to spin, with the government-sponsored enterprise notifying federal officials Tuesday that Chief Operating Officer Kimberly H. Johnson …
U.S. Households Face $5,200 Inflation Tax This Year
Bloomberg, Mar. 29, 2022–Andrew Husby, Anna WongInflation will mean the average U.S. household has to spend an extra $5,200 this year ($433 per month) compared to last year for the …
Inside the Government’s Feeble Fight to End Redlining
HousingWire, Mar. 29, 2022–Georgia KromrieThe racial homeownership gap is now wider than it was in 1890. What is not widely known is the role federal banking regulators play in letting …
Mortgage-Related Fraud Indicators Rose By Over 65% in 2021
National Mortgage News, Mar. 29, 2022–Bonnie Sinnock (subscription)Suspicious activity reports filed by the government-sponsored enterprises, along with loan and finance companies, rose sharply in the past year, according to the …
Number of Homeowners That Could Benefit From Mortgage Refinance Drops to 2 Million, Black Knight Says
Fox Business, Mar. 29, 2022–Kelsey RamirezMany homeowners are beginning to lose the incentive to refinance their mortgage amid rising rates, according to mortgage technology and data provider Black Knight, meaning …
Consumer Watchdog Wants Repeat Offender Banks Stripped of Licenses
New York Times, Mar. 28, 2022–Emily FlitterNaming names, Rohit Chopra says big banks and other companies that break rules multiple times should face long-lasting consequences.https://www.nytimes.com/2022/03/28/business/cfpb-banks-regulation.html?campaign_id=2&emc=edit_th_20220329&instance_id=57002&nl=todaysheadlines®i_id=42063674&segment_id=86868&user_id=e670283fb4fff3d4391d6f88569ad498
GSE Loan Repurchases Rise Sharply in Booming 2020-21 Market
Inside Mortgage Finance, Mar. 28, 2022–John BancroftFannie Mae and Freddie Mac reported $2.97 billion of seller repurchases in 2021, the largest annual volume in years, according to an exclusive Inside …
The Big Nonbanks Stir Up a Non-QM Turf War
HousingWire Plus, Mar. 28, 2022–Bill Conroy (subscription)Legacy non-QM lenders say that many new entrants will find the sector challenging from an operational perspective.https://www.housingwire.com/articles/the-big-nonbanks-stir-up-a-non-qm-turf-war/
The Housing Market is About to Get More Dysfunctional
Axios.com, Mar. 28, 2022–Neil IrwinThe U.S. housing market this spring selling season is looking like a multicar collision, a result of powerful forces crashing into each other.https://www.axios.com/housing-market-dysfunctional-51a41204-3928-4918-98c6-f6dfaeb79bc3.html