National Mortgage News, December 12, 2024-Bonnie SinnockThe Mortgage Bankers Association is proposing a new type of securitization it considers a viable way to address a key concern for nonbanks who …
Category: Top National News
Homebuyers Get Relief as Rates Fall, but a Rebound Looms
National Mortgage News, Dec. 12, 2024-Brad FinkelsteinMortgage rates declined this past week, for the third consecutive period, but those could turn around shortly based on recent movements in the benchmark …
Florida Homeowners in Risk Zones to Get Help Elevating Homes
Newsweek, Dec. 12, 2024-Alia ShoaibFlorida plans to launch a program that will help homeowners in risk zones elevate their homes above flood levels.Click here for more
Distressed Properties Signal a Slowdown in 2025 Housing Market
HousingWire, Dec. 12, 2024-Daren BlomquistInstitutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as …
Explainer: What Happens to Your Mortgage After a Disaster?
Boston.com, Dec. 11, 2024-Sury ChakrabortyIn October, Hurricane Helene barreled across several states, causing $53 billion in damage and recovery needs in North Carolina alone, according to the governor’s office. The …
The Luxury Housing Market Is Booming Despite Larger Stagnation
HousingWire, Dec. 11, 2024-Jeff AndrewsThe stagnant 2024 housing market is one the real estate industry can’t wait to get away from, but not so for the niche luxury market.Click here …
Rising Inflation Unlikely To Derail December Fed Cut
National Mortgage Professional, Dec. 11, 2024-Ryan KingsleyOverall inflation rose 2.7% on an annual basis in November, matching consensus estimates, and marking the third consecutive month of accelerating prices after they …
Alternative Mortgages See Double-Digit Growth as Borrowers Seek Flexibility
MPA, Dec. 11, 2024-Candyd MendozaMore borrowers are turning to non-qualified mortgages (non-QM), home equity lines of credit (HELOCs), and second mortgages, according to the latest report from Mortgage Capital Trading …
Mortgage Refinance Demand Surges 27%, as Interest Rates Drop for the Third Straight Week
CNBC, Dec. 11, 2024-Diana OlickMortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge …
Young Families to Drive Sales, Price Gains Next Year
National Mortgage Professional, Dec. 10, 2024-Lew SichelmanSome markets to see sizable bump up in 2025 sales, while others will struggle to overcome affordability challengesClick here for more