HousingWire, July 11, 2024–Logan MohtashamiMortgage rates are falling today as the CPI inflation data came in lighter than anticipated. The shelter side of the equation was a big help in …
Category: Top National News
MBA Calls for Overhaul of FHA Multifamily Programs
Inside Mortgage Finance, July 11, 2024–Brandon IveyThe Mortgage Bankers Association is asking the Department of Housing and Urban Development to make significant changes to FHA’s multifamily mortgage programs. The bulk …
Inflation and the Housing Market: Decoding the Latest Numbers
Bankrate.com, July 11, 2024–Jim ProbascoWhile inflation may be headed in the right direction overall, the shelter category, which includes housing costs, has remained stubbornly high. Shelter continues to be a …
FHA Releases Redraft of Servicing Defect Classifications
National Mortgage News, July 11, 2024–Bonnie SinnockThe descriptions for remedies and indemnification have the most significant changes and more details were added throughout.Click here for more (subscription)
In its Third Life, D.C. Office Building Becomes First Housing Conversion
Washington Post, July 11, 2024–Meagan FlynnIn a 360-degree reversal of the District’s office-building boom of the late 20th century, the city is now aiming to turn vacant office buildings into …
Looking for a Housing Deal With Lower Rates? Economists Say Not So Fast
Orange County Register, July 11, 2024–Jeff LazersonWith no recession in sight, the second half of 2024 is going to look a lot like the first half, according to several economists …
Single-Family Rents Trend Upward After Previous Cooldown: Zillow
HousingWire, July 10, 2024–Jeff AndrewsSingle-family rents have risen by a mind-boggling 39.6% since the COVID-19 pandemic began in March 2020. More recently, these increases have been more of a mixed …
Fed Chair Powell Sees ‘Broad and Material Changes’ to Basel III Endgame
MarketWatch, July 10, 2024–Steve GelsiJefferies analyst sees Jerome Powell pointing toward a meaningful revamp of bank capital requirements.Click here for more (subscription)
Developers Turn to Apartments to Help Revive Aging Malls, Often Replacing Former Department Stores
Modern Retail, July 11, 2024–Mitchell PartonAs department stores close their doors, many malls have found a hot new anchor tenant to take their place: apartments.Click here for more
Cash-Out Refi Activity Helps Loosen Mortgage Credit
National Mortgage News, July 11, 2024-Brad FinkelsteinMortgage credit continues to loosen as lower interest rates led lenders to add cash-out refinance products to their menus, the Mortgage Bankers Association found. …