National Mortgage News, December 4, 2023–Andrew MartinezThe industry’s biggest non-bank lenders won’t see green shoots until at least next spring, Moody’s Investors Service said in a new report.Click here for …
Category: Top National News
Government-Backed Mortgage Loan Caps Rising to $1,149,825 in OC, LA
Orange County (Calif.) Register, Dec. 4, 2023–Jeff LazersonFannie Mae and Freddie Mac boosted their caps for high balance and conforming loan limits. In Los Angeles and Orange counties’ high balance …
White House Acts to Boost Housing
Banker & Tradesman, Dec. 3, 2023–Lew SichelmanThe Biden administration is taking steps to help create more affordable houses and apartments, which could help fill the inventory gap that plagues the …
Should You Buy or Rent? The New Math.
The Daily (New York Times podcast). Dec. 1, 2023–Michael BarbarroFor many millennials, buying a home has become almost entirely out of reach. Average 30-year mortgage rates are — the highest …
Credit Reports Will be More Expensive for Mortgage Lenders in 2024
HousingWire, December 1, 2023–Flávia Furlan NunesMortgage originators will pay more to access consumer credit reports in 2024, reigniting complaints from mortgage lenders and trade associations. (MBA coverage)Click here for more.
Unclear Impact of SEC Rule on Home Equity Issuance
Home Equity Lending News, Dec. 1, 2023–Sam GarciaA final rule adopted Monday by the Securities and Exchange Commission is intended to prevent conflicted transactions where the sale of asset-backed securities …
FHA Finalizes New Servicing Incentives for Reverse Mortgages
National Mortgage News, Dec. 1, 2023-Bonnie SinnockThe Federal Housing Administration has released a final version of proposed measures aimed at improving reverse mortgage servicing, including new incentives.Click here for more …
HUD Proposes 30-Day Notice Rule for Public Housing Rent Nonpayment
HousingWire, Dec. 1, 2023-Chris ClowThe U.S. Department of Housing and Urban Development (HUD) on Friday published a proposal that would require public housing agencies (PHA) to provide 30 days’ notice …
Inflation Fight Has Come Down to Housing, Chicago Fed’s Goolsbee Says
The Wall Street Journal, Dec. 1, 2023-Bob FernandezInflation seems on track toward the Federal Reserve’s 2% target and now the big question is what will happen with housing in 2024, …
With Offices Sitting Empty, Landlords Are ‘Handing Back the Keys’
The New York Times, Dec. 1, 2023-Peter EavisOffice landlords, hit hard by the work-from-home revolution, are resorting to a desperate measure in the real estate world: “handing back the keys.”Click …