The Wall Street Journal, July 29, 2024-Peter GrantBanks and other lenders are seizing control of distressed commercial properties at the highest rate in nearly a decade, a sign that the …
Category: Top National News
These Cheap Loans are Becoming a Hit With Home Buyers. But There are Catches.
Washington Post, July 27, 2024–Michele LernerMore and more buyers are discovering cheap financing through a once-obscure workaround — assumable mortgages. These loans let borrowers take over, or assume, their sellers’ …
Are Commercial Mortgage Delinquency Rates Stabilizing?
MPA, July 26, 2024-Candyd MendozaDelinquency rates for commercial mortgages eased slightly during the second quarter. While the overall trend is positive, the industry is still navigating a complex landscape marked …
Pace of Student Housing Leasing is Slowing
Globe St., July 26, 2024-Philippa MaisterStudent housing has been 85.2% preleased for June 2024, the same as in June 2023, but the pace of leasing is slower, according to Yardi …
Median Monthly Payment on a New Mortgage Drops
National Mortgage News, July 25, 2024-Spencer LeeHome buyers saw some affordability relief last month, with new monthly payments decreasing close to levels last seen in mid 2023, according to the …
Sales of $100 Million Homes Set to Double This Year as Trophy Properties Recover
CNBC, July 26, 2024-Robert FrankSales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the …
Servicer Satisfaction Up but so Is the Potential for Distress
National Mortgage News, July 25, 2024-Brad FinkelsteinWhile overall customer satisfaction with mortgage servicers rose this year’s J.D. Power survey, consumers’ financial health is on the downswing and that historically has …
Mr. Cooper to Acquire Flagstar’s Servicing and TPO Businesses for $1.4B in Cash
HousingWire, July 25, 2024-Flávia Furlan Nunes and James KleimannMr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), …
Mortgage Payments Improve, Boosting Homebuyer Affordability
MPA, July 25, 2024-Candyd MendozaHomebuyers are getting a bit of relief as affordability conditions improved for the second consecutive month, according to the Mortgage Bankers Association (MBA).Click here for more
U.S. Mortgage Rates Climb Slightly, Holding Near a Four-Month Low
Bloomberg News, July 25, 2024-Reid Joseph ChamplinMortgage rates in the US ticked up, sticking close to the lowest level since March.Click here for more (subscription)