National Mortgage News, May 8, 2024-Spencer LeeApplications for new home loans increased for the first time in three weeks, with interest rates showing volatility to the down side, according to …
Category: Top National News
Mortgage Credit Availability Stabilizes – MBA
MPA, May 8, 2024-Candyd MendozaMortgage credit availability remained relatively unchanged in April as lenders continued to downsize their mortgage programs.Click here for more
Alanna McCargo to Head San Francisco Home Loan Bank
National Mortgage News, May 8, 2024–Bonnie SinnockAfter leaving her role as President of government agency Ginnie Mae last week, Alanna McCargo will be using her housing experience at a nearly …
Agency MBS Issuance Increases in April; Refis Down
Inside Mortgage Finance, May 8, 2024–John BancroftGinnie Mae, Freddie Mac and Fannie Mae printed $85.14 billion of new single-family mortgage-backed securities in April, a 9.6% gain from March, according to …
Fed May Need to Hold Rates Steady All Year, Kashkari Says
Reuters, May 7, 2024–Ann SaphirStalled inflation buoyed in part by housing market strength means the Federal Reserve will need to hold borrowing costs steady for an “extended period,” and possibly …
JPMorgan Chase’s Al Brooks Gives His 2024 Midyear CRE Outlook
Commercial Observer, May 8, 2024–Al BrooksThe commercial real estate outlook for the second half of 2024 is largely positive — multifamily continues to perform, as do industrial and retail. But …
The Fed Just Dashed Hopes for Lower Mortgage Rates. What Homebuyers Need to Know.
USA Today, May 8, 2024–Medora LeeIf you expected lower mortgage rates to make buying a home slightly cheaper this spring, consider your hopes dashed, experts say. (MBA mention)Click here for …
Construction Slowdown Slams Building Supply Shares
The Wall Street Journal, May 7, 2024-Ryan DezemberBuilders FirstSource, one of the hottest stocks of the past year, is getting hammered after reporting a 22.5% decline in first-quarter profit, a …
Mortgage Lenders Loosen Credit but Are Weary for the Future
National Mortgage News, May 7, 2024-Brad FinkelsteinLoan product offerings increased for the fourth month in a row, but the muted change from March means that lenders are still not certain …
‘The 30-Year Fixed-Rate Mortgage is a Uniquely American Construct,’ Analyst Says. Here’s Why
CNBC, May 7, 2024-Ana Teresa SoláMost U.S. homebuyers taking out a mortgage opt for a 30-year fixed-rate option — but they may not realize how unusual that offering is.Click here …