Home Equity Lending News, May 24, 2024–Sam GarciaWhile there is support for a Freddie Mac closed-end second product, there is plenty of opposition. Among the concerns are the disruption to …
Category: Top National News
U.S. Real-Estate Fund Details Limits to Investor Redemptions
The Wall Street Journal, May 23, 2024-P.R. VenkatStarwood Real Estate Income Trust detailed limits to its redemption policies for investors as it slows its real-estate asset sales amid depressed prices.Click …
Mortgage Fraud Risk Grows 3%
National Mortgage News, May 23, 2024-Spencer LeeFraud risk seen on mortgage applications increased in the latter end of 2023, but compared to a year earlier, the rate edged downward.Click here …
Record Number of Professionals Earn MBA’s Commercial Servicer Designation
MPA, May 24, 2024-Candyd MendozaMBA Education has recognized 23 professionals who earned the Commercial Certified Mortgage Servicer (CCMS) designation, the largest graduating class in the program’s history, according to the …
HUD Doles Out $26M to Promote Fair Housing and Combat Discrimination
HousingWire, May 24, 2024-Chris ClowThe U.S. Department of Housing and Urban Development (HUD) on Friday announced the availability of $26 million in funding to be distributed to state and local …
LISTEN: MBA Chief Economist Mike Fratantoni on Housing Market Trends
HousingWire, May 22, 2024 (podcast)On today’s episode, Editor in Chief Sarah Wheeler talks with Mike Fratantoni, chief economist at the Mortgage Bankers Association, about market trends, including mortgage rates, home equity …
Amazon Is Reviving Its Logistics Expansion and Reshaping Its U.S. Distribution
The Wall Street Journal, May 22, 2024-Liz YoungAmazon.com’s postpandemic pullback in logistics expansion is over as the company turns competition for consumer spending into a battle over real estate.Click here …
The Average Retail Mortgage Lender Lost $645 Per Loan in Q1 2024 — but That’s Actually a Good Thing
HousingWire, May 23, 2024-James KleimannIndependent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter …
U.S. 30-Year Fixed-Rate Mortgage Falls Below 7%
Reuters, May 23, 2024The average rate on the popular U.S. 30-year mortgage rate fell below 7% this week for the first time in more than a month, which could help …
Buying a Home Is Getting More Difficult — and It Isn’t Just Because of Price
NBC News, May 23, 2024-Jasmine CuiBlame it on the mortgage rates. Blame it on the scarce supply. There are more than enough reasons to blame for the dismal state of …