Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Investments

North Las Vegas rejects eminent domain proposal

The city council in North Las Vegas rejected a plan proposed by Mortgage Resolution Partners to utilize the power of eminent domain to refinance underwater mortgages. The plan was struck down in a five-to-zero vote. Per Reuters:

"They want the performing mortgages they assume will default two, three, four years down the road. That's a mighty big assumption with property values climbing," said City Councilman Wade Wagner. 

MRP has proposed that eminent domain can be used if holders of underwater mortgages do not sell them to cities at a discount pegged to their properties' current value. Then the loans can be refinanced and made less costly for their borrowers, MRP says.

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Pending home sales shock 2021 housing crash bears

Pending home sales beat estimates and we can now say the 2021 housing crash bears are even worse forecasters than the 2020 housing crash bears.

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Fed pulling back from the MBS market cautiously

Even as it eyes accelerating tapering, the Fed continues to replace maturing assets in its $2.6 trillion mortgage-backed securities portfolio

Dec 07, 2021 By
3d rendering of a row of luxury townhouses along a street

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