CNN, July 1, 2024–Samantha DelouyaAccording to data from Intercontinental Exchange, 1.7 million homeowners have bought homes with adjustable-rate mortgages since 2019. Many buyers who bought 5-year ARMs – one of …
Category: Top National News
Small Banks Drive Up HELOC Assets, Big Banks Sink
Home Equity Lending News, June 28, 2024Smaller banks continued to grow their holdings of home-equity lines of credit by more than enough to offset in excess of a $5 billion …
A Real Estate Fund Industry Is Bleeding Billions After Starwood Capped Withdrawals
Wall Street Journal, July 1, 2024–Peter GrantRedemptions from real-estate funds are expected to hit $16.5 billion this year while new fundraising shrinks.Click here for more (subscription)
I’m Not a Homeowner. Here’s Why The Home Insurance Crisis Keeps Me Up at Night
Bankrate.com, June 8, 2024–Natalie TodoroffAs a home insurance writer, it is (quite literally) in my job description to keep up with all the happenings of the property and casualty insurance …
Ginnie Mae Proposes HMBS 2.0 Terms
National Mortgage News, June 28, 2024–Brad FinkelsteinGinnie Mae has released a term sheet for its revised Home Equity Conversion Mortgage securitization program, starting a comment period that ends on July …
America’s Frozen Housing Market Is Warping the Economy
The Wall Street Journal, June 28, 2024-Carol RyanIf you locked in a dirt-cheap mortgage when interest rates were low, congratulations for being one of the winners in America’s skewed housing …
Sure, Your Rental Building Has a Gym. What About Cold Plunges and Dog-Washing Stations?
The Wall Street Journal, June 24, 2023-Alina DizikWhen considering renting at Eight Eleven Uptown, a luxury building in Chicago, Annika Welander had her doubts.Click here for more (subscription)
Lease Rollover Is the Other Office Mortgage Risk
Globe St., June 28, 2024-Erik ShermanThe volume of CMBS loans, against office properties, that will mature by the end of next year is $75.74 billion, according to Trepp.Click here for …
New York’s Mortgages Are Cheaper Than Most
Newsweek, June 28, 2024-Omar MohammedMortgages in New York are some of the more affordable in the country in relation to the income of state residents, data from the Mortgage Bankers …
America’s Frozen Housing Market Is Warping the Economy
Wall Street Journal, June 28, 2024–Carol RyanCheap mortgages are forcing millions of U.S. homeowners to stay put. That is becoming a problem well beyond the property market.Click here for more …