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.

Mortgage

Pennsylvania Treasury latest state to suspend Wells Fargo

Stops bank from trading

Wells Fargo faces the wrath of yet another state that’s seeking retribution after the mega bank’s fake account scandal, as it isn’t even close to done with dealing with the aftermath of 5,000 of the bank’s former employees opening accounts in order to get sales bonuses.

The latest state: Pennsylvania.

According to an article in Reuters by Nikhil Subba, “Pennsylvania Treasurer Timothy Reese said on Thursday that he suspended Wells Fargo from any treasury investment or trading activities in the state for a year because of its ‘fraudulent’ accounts scandal.”

The Pennsylvania Treasury isn’t alone in its retaliation against Wells Fargo.

Ohio Governor John Kasich recently said that he is using his power as governor to bar Wells Fargo from participating in future state debt offerings and financial services contracts initiated by state agencies for one year.

Previously, the city of Chicago, the state of California, and the state of Oregon also suspended ties with Wells Fargo.

 

 

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