National Mortgage News, November 6, 2023–Brad FinkelsteinMortgage lender customer retention, normally an issue during refinance waves, is at a 17-year low, as lenders are missing the mark on their marketing …
Category: Top National News
Waters Are Rising for Some Borrowers
National Mortgage Professional, Nov. 7, 2023–Lew SichelmanStudent loan debt forgiveness proves not to be very forgiving.Click here for more. Starts at page 10.
Renters Get a Bit of Relief on Surge in Apartment Construction
Bloomberg News, Nov. 6, 2023-Michael SassoRenters in some of the fastest-growing U.S. cities are finally getting some relief after a few years of dizzying increases as developers roll out droves …
Developers Eyeing Biden’s Office-to-Apartment Conversion Initiative
Spectrum News 1, Nov. 6, 2023-Joseph PimentelPresident Joe Biden’s initiative to convert more office buildings into multifamily apartments has some local housing developers cautiously optimistic about the plan.Click here for …
HELOC Originations Tumble
Home Equity Lending News, Nov. 1, 2023Monthly and quarterly production for new home-secured credit lines has retreated significantly from a year ago. As financial institutions invest less in open-end real …
3 Cities Face a Climate Dilemma: To Build or Not to Build Homes in Risky Places
NPR, Nov. 6, 2023-Lauren Sommer, Rebecca HersherWith climate-fueled disasters killing hundreds of Americans annually and costing communities billions of dollars, a growing number of local governments are asking a basic …
The Slow-Motion Crisis in Commercial Real Estate
Bloomberg News, Nov. 6, 2023-Jack SiddersBack when money in the bank was yielding almost nothing, commercial real estate became a haven for investors in need of reliable returns.Click here for …
Turning Empty Offices into Apartments Is Getting Even Harder
The Wall Street Journal, Nov. 6, 2023-Konrad Putzier and Will ParkerCities hoping to convert emptying office buildings into apartments are running into financing issues, stagnating rental markets and other challenges …
Most Can Raise Their Credit Scores
Banker & Tradesman, Nov 5, 2023–Lew SichelmanThe common wisdom is that would-be homebuyers on the lower end of the credit spectrum will benefit the most from improving their credit scores …
Google’s ‘San Francisco Project’ Wanted to Build 15,000 Homes in the Bay Just 3 Years Ago, but the Deal Is Off Due to ‘Market Conditions’
Fortune, Nov. 3, 2023-Chris MorrisThree years ago, Google announced plans for a huge residential campus in the San Francisco area. The project vowed to build at least 15,000 new homes, as well …