MPA, March 4, 2024-Abigail AdriaticoMortgage Bankers Association (MBA), the association that represents the real estate finance industry, has applauded efforts by Fannie Mae and Freddie Mac to address requests for …
Category: Top National News
Watch Out for ‘Gotcha’ Clauses in Homebuyer Representation Contracts
Banker & Tradesman, March 3, 2024–Lew SichelmanWould you pay a 9 percent commission to buy a house? It’s conceivable, if you’re not careful. If you sign a contract with an …
America’s Apartment Buildings Are Getting Bigger and Taller
Wall Street Journal, March 4, 2024–Will ParkerMore new rental apartments are coming to the market than at any time since the 1980s. Really big buildings are a major reason why.Click …
Signs of Trouble at Regional Banks Reignite Sector Fears
The Wall Street Journal, March 1, 2024-Gina HeebBank stocks dropped Friday, led by a 23% decline in New York Community Bancorp after more signs of trouble at that lender and …
MBA Opposes FHA Program Extention
MPA, March 1, 2024-Candyd MendozaThe Mortgage Bankers Association (MBA) has voiced opposition to the extension of the Federal Housing Administration (FHA) and Federal Financing Bank (FFB) Risk Sharing program, calling …
High Mortgage Rates Leave Biden Searching for Housing Relief
The New York Times, March 1, 2024-Jim TankersleyPresident Biden and his economic team, concerned that elevated mortgage rates and housing costs are hurting Americans and hindering his re-election bid, are …
Manhattan Office Market Sees Record-High Availabilities in February
Crain’s New York, March 1, 2024-Eddie SmallThe first two months of the year have not been great for Manhattan’s beleaguered office market, with the availability rate for the borough hitting …
Despite Drop in Q4 HELOC Lending, Turnaround Possible
Home Equity Lending News, February 29, 2024Although the volume of home-secured credit lines opened during the fourth quarter was significantly lower than a year earlier, the outlook is bright for …
Can’t Afford to Buy a Home? Here’s a Plan of Action to Make it Work
Orange County Register, March 1, 2024–Jeff LazersonHome price gains continue to tick up, even with the 30-year fixed mortgage rates hovering around 7%.The U.S. housing market gained $2.4 trillion in …
Inside the Greening of a 1930s New York City Building
Wall Street Journal, March 1, 2024–Shane ShifflettA nearly 100-year-old office building in New York City is undergoing a massive retrofitting to slash its emissions. The $35 million project could serve …