National Mortgage News, Dec. 6, 2019–Bonnie Sinnock (subscription)Jobs generated by nonbank mortgage companies totaled 336,600 during the month, according to the Bureau of Labor Statistics. That number was up slightly …
Category: Top National News
Land Sales Maintain Steady Pace, But Remain Well Short of Pre-Recession Peak
National Real Estate Investor, Dec. 6, 2019–Beth Mattson-TeigDevelopers are remaining careful on land acquisitions this time around. Land sales, a good barometer of what’s ahead for development pipelines, fall well …
Not Ready To Commit? Don’t
UExpress, Dec. 6, 2019–Lew SichelmanThe message here for buyers and sellers: Hold your ground. Don’t be pushed into something you may regret, or into working with someone you’re not comfortable …
A Year Of Rejuvenation For The U.S. Housing Industry
Forbes, Dec. 6, 2019–Brad ThomasFor the U.S. housing industry, the story of this year continues to center around the resilient demographic-led growth in household formations along with the sharp pullback …
Survey: Most Homeowners Have Supported Adult Children Financially
National Mortgage Professional, Dec. 5, 2019–Phil HallIn a poll of 2,000 working adults who have been homeowners for at least 10 years and make at least $50,000, 92 percent of …
California Bans Insurers From Dropping Homes in Wildfire Areas
Wall Street Journal, Dec. 5, 2019–Nicole Friedman (subscription)California regulators temporarily banned insurers from refusing to renew home-insurance policies in certain wildfire-prone parts of the state in an effort to halt …
CMBS Market Update and Forecast for 2020
Commercial Property Executive, Dec. 5, 2019–Gail KalinoskiThe year started off so slow that CMBS issuance was up 58 percent between the first and second quarter of 2019, according to numbers …
2020 May Be a Good Time to Build a Granny Flat
Torrance Daily Breeze (Calif.), Dec. 5, 2019–Jeff LazersonWithin the next few years, Californians will realize a gargantuan increase to its housing stock coupled with lower average market rent charges in …
Congress May Need to Step In on Libor Switch, Mnuchin Warns
American Banker, Dec. 5, 2019–Hannah Lang (subscription)The Treasury Department may need congressional help to ease the transition to a new interest rate benchmark, Secretary Steven Mnuchin told lawmakers Thursday.https://www.americanbanker.com/news/congress-may-need-to-step-in-on-libor-switch-mnuchin-warns
Mortgage-Bond Supply Set to Surge in 2020 as Housing Strengthens
Bloomberg, Dec. 5, 2019–Christopher MaloneyMortgage-bond investors will need to absorb about 26% more agency MBS supply in 2020 as both home sales and prices continue to climb, according to the …