Inside Mortgage Finance, Aug. 19, 2024–James DohnertResidential lenders churned out $57.0 billion of jumbo mortgages in the second quarter, a handsome 58.3% sequential increase, according to a new ranking and …
Category: Top National News
‘They are Getting What They Wanted’: Fed Officials Head to Jackson Hole
Semafor, Aug. 20, 2024–Jon HilsenrathFed officials were hit with a scare recently with July’s unemployment rate rise, but subsequent data suggests the economy is still growing robustly. The calls from …
Companies Struggle to Return Workers to Offices, Multifamily Rebounds
Globe St., Aug. 19, 2024-Lynn GilesThe US office space market was still stagnant in the first half of 2024 but indicators signal some improvement, while the multifamily sector is starting …
Housing Starts Reach Four-Year Low In July
National Mortgage Professional, Aug. 19, 2024-Ryan KingsleyOverall housing starts fell 6.8% from June to July to a seasonally adjusted annual rate of 1.238 million — a 16% year-over-year decline and …
Abandonments, Delays Ease Due to Anticipated Interest Rate Cut
ConstructionDive, Aug. 19, 2024-Seabstian ObandoDevelopers are taking a wait-and-see approach to projects, expecting that conditions are about to improve, according to economist Michael Guckes.Click here for more
Home Equity Study Finds Robust Capital Markets, Higher HELOC Volume
Home Equity Lending News, Aug. 19, 2024After three consecutive quarters of slowing, the origination of home-equity lines of credit turned higher — though lending levels pale compared to available equity. …
Burned and Uninsured: Wildfires are Leaving California’s Housing Market in Trouble
CNN, Aug. 18, 2024–Shania Baweja and Taylor GalganoLast year alone, the Insurance Information Institute tracked $80 billion in insured losses caused by natural catastrophes across the US. Insurers are rushing …
Buying or Selling a Home? The Rules Are Changing.
The New York Times, Aug. 16, 2024-Debra KaminSweeping changes to the real estate industry are going into effect this week, five months after the National Association of Realtors agreed to …
Mortgage Payments Just Got Cheaper for Home Buyers
Newsweek, Aug. 15, 2024-Omar MohammedThe monthly payments new buyers will have to pay for their home loans has dropped to its lowest in more than a year, real estate platform …
Mortgage Delinquencies Rise in Q2 2024
MPA, Aug. 16, 2024-Jonalyn CuetoThe Mortgage Bankers Association (MBA) has released its National Delinquency Survey for the second quarter of 2024, revealing a notable increase in mortgage delinquencies.Click here for …