Mortgage Daily, Aug. 17, 2017–Sam GarciaThree mortgage businesses were among the 500 most rapidly growing companies in America. A few more residential lenders were among the 5,000 fastest-growing firms.
Category: Top National News
HARP Extend Despite Diminishing Volume
Mortgage Daily, Aug. 17, 2017The government-funded refinance program for borrowers on government-sponsored enterprise mortgages with little equity has been extended despite fading activity.
Mortgage Refinance Forecast Raised Over $40 Bil
Mortgage Daily, Aug. 17, 2017The latest real estate finance forecast has mortgage refinance production for this year and next year up by more than $40 billion from what was expected a month ago.
The 2008 Financial Crisis: How It All Began
Wall Street Journal, Aug. 17, 2017 (subscription)In August 2007, the first blow was struck that shattered everything American investors thought they knew about markets.
Mortgage Rates Drop to Lowest Since Election, But Borrowers Barely Budge
CNBC, Aug. 16, 2017–Diana Olick (MBA mention)The lowest mortgage interest rates since November did little to encourage people to refinance their home loans or take out a new loan to buy a home.
U.S. Home Refinancing Applications Rise to a Near Two-Month High: MBA
Reuters, Aug. 16, 2017–Richard Leong (MBA mention)U.S. applications for home refinancing climbed to their highest level in nearly two months last week with their share of total housing loan requests reaching the biggest since February, as home borrowing costs fell, the Mortgage Bankers Association said on Wednesday.
TransUnion: Mortgage Delinquencies Hit New Post-Recession Low
HousingWire, Aug. 16, 2017–Kelsey RamirezMortgage delinquencies are continuing to fall, hitting a new low in the second quarter, a report from TransUnion–one of the three largest credit-reporting agencies in the U.S.–showed.
Do Office Tenants Prefer the City or the Suburbs? The Answer is Complicated
National Real Estate Investor, Aug. 16, 2017–John EganOwners and developers of suburban offices that fail to embrace the urb-suburban vibe might find it harder to justify new projects or attract new tenants.
It’ll Be A While Before Rent Becomes More Attractive Than Homeownership, Based on Breakeven Rate
GoRion, Aug. 16, 2017–Sam BourgiAffordability constraints have emerged as one of the biggest challenges to the continued housing recovery. However, according to one metric, it’ll be a long while before rent becomes the more sensible option.
WSJ’s Daily Shot: Are US Homes Overvalued?
Wall Street Journal, Aug. 17, 2017–Lev BorodovskyBased on the disposable income per capita (or per employee) metric, U.S. home prices are roughly in line with historical averages. But Other measures suggest that homes are already overvalued.