The Wall Street Journal, March 27, 2024-Yusuf KhanHundreds of feet above the British capital’s Canary Wharf financial district, an office tower under construction grows taller as it draws materials from …
Category: Top National News
Spread Between Corporate Debt and CRE Mortgages Hits 24-Year High
Globe St., March 27, 2024-Erik ShermanIn its recent look at U.S. capital trends, using the most recent data through 2023, MSCI look at what it called debt snapshots — a …
What the Shift Toward Deferrals Means for Mortgage Servicing
National Mortgage News, March 27, 2024-Bonnie SinnockPayment deferrals that became widely utilized in the government-sponsored enterprise market during the pandemic are gaining on modifications, suggesting part of the pandemic’s legacy …
Mortgage Demand Stalls, Even as Interest Rates Moderate
CNBC, March 27, 2024-Diana OlickThe usually busy spring housing market is underway, but mortgage demand isn’t moving. Application volume was essentially flat last week, dropping 0.7% compared with the previous …
Need Help With Missed Mortgage Payments in California? Apply Soon: Money is Running Out
Los Angeles Times, March 27, 2024–Jon HealeyDid a pandemic-related financial crunch leave you with mortgage troubles? The state may be able to help, but not for much longer.Click here for …
The Office Market Is in Turmoil. So Why Are Rents More Expensive?
The Wall Street Journal, March 26, 2024-Peter GrantU.S. office markets are suffering from soaring vacancy rates, a record amount of available sublease space, and rising defaults. But curiously, office rents …
Mortgage Rates Rise Following a Surge in Treasury Yields
HousingWire, March 26, 2024-Sarah MarxMortgage rates rose this week as the yield on the benchmark 10-year Treasury note inched up. As of Monday, the yield on the 10-year U.S. Treasury …
New Jersey Reforms Affordable Housing Mandate
Globe St., March 26, 2024-Jack RogersIt’s taken nearly 50 years, but New Jersey may finally be putting some teeth behind a 1975 landmark ruling by the NJ Supreme Court ordering …
South Florida and Bay Area Truly a Tale of Two Apartment Markets
Globe St., March 26, 2024-Richard BergerPopulation growth and employment gains have combined to create the greatest disparity in rent growth percentage between key apartment markets since the pandemic, according to …
Banks Add to MBS and ABS Trading Accounts
Inside Mortgage Finance, March 26, 2024–John BancroftBanks held $431.09 billion of mortgage-backed securities and asset-backed securities in trading accounts at yearend, a 4.2% increase from the prior period, according to …