Reuters, Aug. 14, 2024–Dave GrahamUBS on Tuesday agreed to sell Credit Suisse’s U.S. mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday, without naming the buyer.Click here …
Category: Top National News
Why You Shouldn’t Expect a Rapid Drop in Mortgage Rates
Wall Street Journal’s “Your Money Matters” podcast, Aug. 14, 2024–Ariana AspuruA rough day in the stock market like what we saw last week could mean good news for home borrowers …
Child Care, Rent, Insurance: Where Inflation Hits Hardest Now
The Wall Street Journal, Aug. 12, 2024-Harriet Torry and Terell WrightInflation is slowing. So why doesn’t it feel that way?Click here for more (subscription)
Home Depot Warns of Pullback in Consumer Spending, Saying Americans Are Delaying Big Projects
CBS News, Aug. 13, 2024-Kate GibsonAmericans are putting off major upgrades to their homes as they await lower interest rates and amid ongoing unease about the U.S. economy, Home Depot …
Weight-Loss Drugs Hit Health Care Real Estate
Axios, Aug. 13, 2024-Tina ReedWeight-loss drugs are so ubiquitous that some health systems are scaling back bariatric surgery centers and recalculating other investments as they grapple with the drugs’ potential …
This Midwestern City Has the Hottest Real Estate Market in U.S.
CBS News, Aug. 13, 2024-Megan CerulloOshkosh, Wisconsin, the home of popular children’s brand OshKosh B’Gosh, now has a new claim to fame. The midwestern city boasts the hottest real estate …
White House Rolls Out Funding to Boost Affordable Housing
American Banker, Aug. 13, 2024-Kyle CampbellThe White House’s latest effort to address the national housing crisis takes aim at red tape at the state and local levels.Click here for more …
Housing Market Affordability is So Strained That Adjustable-Rate Mortgages are Coming Back
Fast Company, Aug. 13, 2024–Lance LambertAs mortgage rates have risen, so has the share of U.S. borrowers opting to take out adjustable-rate mortgages (ARMs). In 2021, just 4% of mortgage …
San Francisco Is Sinking in Bad Hotel Debt
The Wall Street Journal, Aug. 11, 2024-Neil MehtaSan Francisco’s hospitality business imploded during the pandemic. Now, its hotel owners are drowning in bad debt as never before.Click here for more …
Homeowners Insurance a Hidden Risk for Secondary Market
National Mortgage News, Aug. 12, 2024-Brad FinkelsteinHomeowners insurance is labeled as one of the hidden costs for property owners, and their escalating prices could have an impact on the secondary …