MPA, Sept. 20-Candyd MendozaCommercial and multifamily mortgage debt continued to rise in the second quarter of 2024, even as the volume of new loans slowed significantly.Click here for more
Category: Top National News
Higher Wire Fraud Insurance Coverage a Sign of the Times
National Mortgage News, Sept. 19, 2024-Brad FinkelsteinCertifid has doubled the amount of insurance coverage provided against wire fraud for each transfer the company verifies, as the funds moved for both …
MBA Backs ROAD to Housing Bill
MPA, Sept. 20, 2024-Candyd MendozaRepublican Senator Tim Scott (R-S.C.) has introduced the ROAD to Housing Act, a bill aimed at reforming housing policies and improving housing affordability.Click here for more
On-the-Move Americans Are Unwitting Storm Chasers
The Wall Street Journal, Sept. 20, 2024-Carol RyanIs it better to inherit property in Miami or Detroit? Florida’s much higher home prices mean the answer is obvious today. But intensifying …
A New Housing Plan Wants to Give Middle-Class Americans the Kind of Support Typically Reserved for Low-Income Households
Business Insider, Sept. 19, 2024-Eliza Relman and Juliana KaplanRep. Alexandria Ocasio-Cortez, a New York Democrat, and Sen. Tina Smith, a Minnesota Democrat, on Wednesday introduced legislation in the House and …
In a Major Shift, the U.S. Government Explores Giving Renters Cash, Not Vouchers
NPR, Sept. 19, 2024-Jennifer LuddenThe Department of Housing and Urban Development is exploring the idea of giving struggling Americans cash aid instead of vouchers. That might seem like an unlikely, …
What the Fed’s Rate Cut Means for Consumers, Businesses and Investors
The Washington Post, Sept. 18, 2024-Taylor Telford and Julie Zauzmer WeilThe Federal Reserve cut interest rates this week for the first time in four years, putting an end to its …
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
The New York Times, Sept. 19, 2024-Danielle KayeMortgage rates dropped again this week, extending a monthslong decline fueled by expectations of a cut in interest rates by the Federal Reserve, …
Podcast: MBA’s Bob Broeksmit on the Latest Wins for IMBs
HousingWire, Sept. 19, 2024On today’s episode, Editor in Chief Sarah Wheeler talks with Bob Broeksmit, the president and CEO of the Mortgage Bankers Association, about the latest news for independent …
Mortgage Rates Are Coming Down — and Home Buyers Are Ready to Pounce
The Washington Post, Sept. 19, 2024-Abha Bhattarai and Rachel SiegelFor Americans mulling a home purchase, this week’s interest rate cut meant just one thing: It’s time to get back in …