Nasdaq.com, Sept. 9, 2020–Maurie BackmanIt’s not surprising that refinance is up more than 60% from the first quarter and more than 200% from the same time last year, according to …
Category: Top National News
Mortgage Demand From Homebuyers Surges 40% From a Year Ago Amid Sales Spree
CNBC, Sept. 9, 2020–Diana OlickMortgage applications to purchase a home rose 3% last week from the previous week and were a stunning 40% higher from a year ago, according to …
SL Green’s $3 Billion One Vanderbilt in New York City Faces Big Challenges
Wall Street Journal, Sept. 8, 2020–Peter Grant (subscription) After two decades of assembling a site and four years of construction, SL Green Realty is preparing to cut the ribbon next …
Consumer Borrowing Regains Pre-Pandemic Pace, Fed Says
HousingWire, Sept. 8, 2020–Kathleen HowleyTotal consumer credit in July, not including mortgages, rose to $4.1 trillion.https://www.housingwire.com/articles/consumer-borrowing-regains-pre-pandemic-pace-fed-says/?
Southern California Homebuilder Sales Jump 33% From Pandemic Low
Orange County Register, Sept. 8, 2020–Jonathan LansnerSouthern California homebuilders’ rebound from the pandemic continued in July with closed sales up one-third from April’s lockdown low.https://www.ocregister.com/2020/09/08/southern-california-homebuilder-sales-jump-33-from-pandemic-low/
Here’s Where NYC Real Estate Stands Post Labor Day
The Real Deal New York, Sept. 8, 2020–Hiten SamtaniPulled a Rip Van Winkle? The essential industry news you need to get you up to speed.https://therealdeal.com/2020/09/08/heres-where-nyc-real-estate-stands-post-labor-day/
Congress Needs to Weigh in on Expanding Main Street Loan Program to More Businesses, Boston Fed Chief Says
Washington Post, Sept. 8, 2020–Rachel SiegelEric Rosengren, president of the Federal Reserve Bank of Boston, is calling on Congress to clarify whether the Main Street lending program can make riskier …
Survey Says Now is a Good Time to Sell…But It’s Also a Great Time to Buy
HousingWire, Sept. 8, 2020–Alex RohaAfter a slight falter in July, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions is back …
Why Record-Low Mortgage Rates Could Keep Falling
The M Report, Sept. 8, 2020–Andy Beth MillerAccording to a recent post published by Bankrate, mortgage rates are set to decline even further as fall approaches. (MBA mention)https://themreport.com/daily-dose/09-08-2020/why-record-low-mortgage-rates-could-keep-falling
Community Banks With The Largest First Mortgage Portfolios
American Banker, Sept. 8, 2020 (subscription)Community Banks With The Largest First Mortgage Portfolioshttps://www.americanbanker.com/data/community-banks-with-the-largest-first-mortgage-portfolios-jun-30-2020