MPA, Dec. 15, 2023-Abigail AdriaticoThe Mortgage Bankers Association’ (MBA) president and CEO, Bob Broeksmit, has released a statement regarding the introduction of the bipartisan Homebuyers’ Privacy Protection Act in the …
Category: Top National News
The Great American Warehouse Building Boom Is Over
The Wall Street Journal, Dec. 18, 2023-Konrad PuzierHigher interest rates are choking off construction of warehouses that feed America’s growing e-commerce appetite, putting an end to a building boom that …
How College Football Is Clobbering Housing Markets Across the Country
The New York Times, Dec. 18, 2023-Allison SalernoRashe Malcolm loves her son Wayne and his girlfriend, but she’d also love it if they could move out of the three-bedroom home …
Fannie Mae Still Expects Downturn, in Spite of Fed’s Actions
National Mortgage News, December 18, 2023–Brad FinkelsteinFannie Mae is holding to its forecast of a modest economic downturn in 2024, in spite of statements by the Federal Reserve that a …
Don’t Burn Your Mortgage
Banker & Tradesman, Dec. 17, 2023–Lew SichelmanIn the 1900s, observing the end of a borrower’s promissory note by lighting a match to the papers was a big deal, often celebrated …
Median Rents in Manhattan Drop for the First Time in More Than Two Years
Weekly Real Estate News, Dec. 18, 2023–Phil HallThe median rent in Manhattan dropped year-over-year for the first time in 27 months, according to data from Douglas Elliman and Miller Samuel …
Home Buyers Are Ready to Buy. But Sellers Aren’t Selling.
Wall Street Journal, Dec. 18, 2023–Nicole FriedmanHome sales this year are on track to be the lowest since at least 2011. But as mortgage rates retreated from nearly 8% in …
The Great American Warehouse Building Boom Is Over
Wall Street Journal, Dec. 18, 2023–Konrad PutzierHigher interest rates are choking off construction of warehouses that feed America’s growing e-commerce appetite, putting an end to a building boom that remade …
MBA Signals More Reverse Mortgage Activity in 2024
Reverse Mortgage Daily, Dec. 15, 2023-Chris ClowThe Mortgage Bankers Association (MBA) is looking ahead at more potential reverse mortgage activity in 2024, according to a statement from Bob Broeksmit, its president and …
Mortgage Rates Drop Below 7 Percent as Home-Buying Pressures Ease
The Washington Post, Dec. 14, 2023-Tory NewmyerAspiring home buyers grappling with the most difficult housing market in nearly 40 years are finally seeing some relief.Click here for more (subscription)