Fox Business, Feb. 14, 2024–Christopher MurrayAs mortgage rates inch lower towards the 6% mark, the real estate market is cooling. Still, many homeowners still have low interest rates compared to …
Category: Top National News
The Uninsurable World: What Climate Change is Costing Homeowners
Financial Times, Feb. 12, 2024–Ian Smith, Attracta Mooney, Aime WilliamsRising premiums are a de facto ‘carbon price’ on consumers as extreme weather events become more frequentClick here for more (subscription)
Inflation and the Housing Market: Decoding the Latest Numbers
BankRate.com, Feb. 13, 2024–Jim ProbascoThe January 2024 Consumer Price Index (CPI) fell slightly from the previous month, according to the latest figures from the U.S. Bureau of Labor Statistics, released …
Bank Mortgage Unit Adds to Use of the FICO 10-T Score
National Mortgage News, February 13, 2024–Bonnie SinnockPrimis Bank announced Tuesday that it has become the third home lender to publicly use an advanced credit score in conjunction with non-qualified mortgages.Click …
New Rules for Banks Would be the ‘End of Real Estate Finance as We Know It,’ MBA Says
Business Insider, Feb. 13, 2024–Yuheng ZhanBasel III proposals would cripple commercial property financing, MBA CEO Bob Broeksmit said. The proposed regulation would require banks to maintain more capital to protect …
Warehousing Demand Is Starting to Shrink
Wall Street Journal, Feb. 13, 2024–Liz YoungRetailers and their suppliers have been slashing their inventories. Now they’re turning to cutting back storage space.Click here for more (subscription)
Correspondent Channel Gains Share in Agency Market
Inside Mortgage Finance, February 13, 2024–Andras MalatinszkyThe correspondent channel accounted for 37.0% of agency deliveries in the fourth quarter, up from a 34.6% share the previous quarter.Click here for more …
Mortgage Predictions: How Jobs Data Could Impact Mortgage Rates in 2024
CNet Money, Feb. 12, 2024–Katherine WattA booming labor report pushed mortgage interest rates up again. So we can have jobs or houses, but not both?Click here for more
Home Buyers Thought Mortgage Rates Were Finally Going to go Down. Why Hasn’t It Happened Yet?
MarketWatch, Feb. 12, 2024–Aarthi SwaminathanThe lower mortgage rates that home buyers were expecting are ‘not materializing,’ one economist saysClick here for more
Proposed Bank Capital Rules Threaten US Real Estate Financing, MBA Chief Says
Bloomberg, February 12, 2024–Diana LiThe head of one of the largest mortgage trade groups in the U.S. said proposed rules on bank capital levels have the potential to upend the …