HousingWire, Nov. 7, 2019–Kelsey RamirezCommercial and multifamily originations surged in the third quarter, the latest Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations from the Mortgage Bankers Association said.https://www.housingwire.com/articles/commercial-and-multifamily-originations-surge-in-q3/
Category: Top National News
Unique Challenges in Lending and Servicing
MReport, Nov. 1, 2019–Seth WelbornMarcia Davies, MBA COO and mPower founder, spoke with MReport at the 2019 Five Star Conference and Expo about what lies ahead for mortgage professionals in …
Reporter’s Notebook: Fog the Mirror Mortgages are Back
Orange County Register, Nov. 7, 2019–Jeff LazersonHere are some of my observations from Mortgage Bankers Association convention I attended in Austin last month: 1) One exhibit hall lender offered primary …
Low U.S. Interest Rates Are Fueling a Bubble in Commercial Real Estate
National Real Estate Investor, Nov. 7, 2019–Jay Rollins U.S. interest rates will not stay low forever and investors must prepare for their eventual rise. To protect themselves, investors should stress-test …
Sears Says It Has Secured a $250 Million Lifeline, Will Close 96 Stores
Reuters, Nov. 7, 2019–Mike Spector, Jessic DiNapoliSears said it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting …
Snapdocs raises $25 Million in Series B Funding Round
HousingWire, Nov. 7, 2019–Julia FalconReal estate technology company Snapdocs announced Thursday morning that it raised $25 million in its Series B funding.https://www.housingwire.com/articles/snapdocs-raises-25-million-in-series-b-funding-round/
Consumer Housing Confidence Falls Again as Economic Doubts Rise
National Mortgage News, Nov. 7, 2019–Paul Centopani (subscription)Fannie’s Home Purchase Sentiment Index declined for the second straight month after hitting an all-time high in August. The index fell to 88.8 …
Q3 Home Prices Rise in 93 Percent of Metro Areas
National Mortgage Professional, Nov. 7, 2019–Phil HallSingle-family median home prices during the third quarter increased year-over-year in 93 percent of the metro areas–-or 166 out of 178 markets–-tracked by the …
Mortgage Rates Retreat for the First Time in Three Weeks
Washington Post, Nov. 7, 2019–Kathy OrtonAfter three weeks of increases, mortgage rates fell back this week — but it looks to be only a temporary decline. (MBA mention)https://www.washingtonpost.com/business/2019/11/07/mortgage-rates-retreat-first-time-three-weeks/
Climate-Change Deniers are Propping Up Home Prices in Waterfront Communities, Research Suggests
MarketWatch, Nov. 7, 2019The fate of home prices in real-estate markets that have a high risk of being affected by climate change could come down to how many local residents …