National Mortgage News, Jan. 24, 2024-Spencer LeeMortgage application activity increased for the third consecutive week, even with rates seeing an uptick, as the purchase market sustained its early-year strength.Click here …
Category: Top National News
Apartment Owners Report Surge In Rental Application Fraud
Bisnow, Jan. 24, 2024-Ethan RothsteinMore than 70% of major apartment landlords say they have seen an increase in fraudulent rental applications over the past 12 months, according to a new …
Banks Say Current Capital Proposals Would Burden Securitization Market
National Mortgage News, January 24, 2024–John S. HintzeIn recently submitted comment letters, top U.S. bank representatives and a coalition of congressmen adamantly opposed the banking regulators’ proposal reflecting the Basel …
Rate Buydowns Might Not Have Benefits for Borrowers
National Mortgage News, January 23, 2024–Brad FinkelsteinPermanent mortgage rate buydowns may not make economic sense for consumers, because the differential between those buyers that pay discount points and those that …
Amid a Housing Crunch, Religious Groups Unlock Land to Build Homes
The New York Times, Jan. 24, 2024-Stacey FreedEmma Budway, a 26-year-old autistic woman who is mostly nonverbal, had been living with her parents in Arlington, Va. She longed for her …
Charted: Number of Office-to-Apartment Conversions Surges
Axios, Jan. 23, 2024-Kate MarinoThe pipeline for new apartments in old office buildings is filling up fast.Click here for more
Mortgage Forbearance Usage Wanes, Reflecting Economic Recovery
MPA. Jan. 23, 2024-Candyd Mendoza“Forbearance as a loss mitigation option is diminishing,” according to the Mortgage Bankers Association (MBA).Click here for more
For Property Investors, the Price of Homes Is Still Not Right
The Wall Street Journal, Jan. 23, 2024-Will ParkerInvestor purchases of single-family homes tumbled 29% last year, as higher interest rates and record home prices compelled even deep-pocketed investment firms to …
‘Housing Affordability Is Reshaping Migration Trends,’ Economist Says. Here’s Where People Are Moving
CNBC, Jan. 23, 2024-Ana Teresa SoláWith high mortgage rates and home prices, would-be buyers are understandably looking for deals — even if they have to move to a different city, …
Commercial Mortgage Lending to Jump 29% in 2024 After Slowest Year in a Decade, Mortgage Bankers Association Says
Business Insider, Jan. 23, 2024-Filip De MottCommercial and multifamily mortgage borrowing and lending is forecast to surge 29% from last year’s estimated total of $444 billion, the Mortgage Bankers Association …