HousingWire, November 6, 2024–Flávia Furlan Nunes and James KleimannFair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, announced on Wednesday …
Category: Top National News
Huge Shortage of Affordable Housing Frightens Me, says LeFrak CEO Richard LeFrak
CNBC, Nov. 6, 2024–VideoRichard LeFrak, LeFrak chairman and CEO, discusses the election’s impact on America’s business landscape.Click here for more
Mortgage Lenders Fall Even as Banks Soar on Trump
Wall Street Journal, Nov. 6, 2024–Telis DemosFinancial stocks are surging following Donald Trump’s election victory. Yet many companies tied to mortgages and home buying are down sharply. One major reason …
With Mortgage Rates Near 7% Again, a Fed Rate Cut Won’t Make a Difference for Homebuyers… Yet
CNet, Nov. 6, 2024–Katherine WattMortgage rates have had a bad month. Actually, a bad three years. This week, extreme rate volatility due to election uncertainty made things worse. Although the …
Weekly Mortgage Demand Tanks 11% as Interest Rates Surge Higher
CNBC, Nov. 6, 2024–Diana OlickMortgage rates rose again last week, pulling demand from both the refinance and purchase markets. Total mortgage application volume dropped 10.8% compared to the previous week, …
Here’s What to Expect with the Fed’s Rate Cut Decision on Thursday
CBS News, Nov. 6, 2024–Aimee PicchiThe Federal Reserve on Thursday is expected to cut interest rates for the second time this year, with the decision coming less than two months …
Just Because You Inherit a Co-op Doesn’t Mean You Can Live in It
The Wall Street Journal, Nov. 4, 2024-Robyn A. FriedmanIf you recently inherited a cooperative unit (more commonly known as a co-op), you may legally own it, but you may have …
Banks Are Poised for a Commercial Real Estate Lending Rebound in 2025
Commercial Observer, Nov. 5, 2024-Andrew CoenOne of the big unknowns confronting the commercial real estate debt markets in late 2024 is whether banks will show signs of increased activity again …
Key Reverse Mortgage Metrics Saw an Uptick in October Even as Business Remains Lukewarm
HousingWire, Nov. 4, 2024-Chris ClowReverse mortgage industry performance metrics have been trading gains and losses for several months now, but a more favorable interest rate environment and optimism about the …
Interest Rates Are Going Down. But Mortgage Rates Are Going … Up?
The Washington Post, Nov. 5, 2024-Rahcel Siegel and Andrew AckermanThe Federal Reserve’s plans to keep lowering interest rates haven’t translated into relief for homeowners.Click here for more (subscription)