MPA, Oct. 31, 2023-Fergal McAlindenFannie Mae’s net income totaled $4.7 billion in 2023’s third quarter, a decline of $295 million over Q2 in a result the government-sponsored enterprise attributed to …
Category: Top National News
Mortgage-Related Complaints to CFPB Decline
Inside Mortgage Finance, October 31, 2023–Namrata BhatiaComplaints about mortgages were down 6.2% compared with the second quarter.Click here for more. (subscription)
Q3 2023 Quarterly Data Review: Historic Volumes of Maturities as Office Troubles Persist
Commercial Real Estate Direct’s Quarterly Data Review Magazine, Oct. 31, 2023An estimated $2.78 trillion of CRE loans will mature by 2027, according to an analysis by Trepp based on the …
The Money Has Stopped Flowing in Commercial Real Estate
Wall Street Journal, Oct. 31, 2023–Peter GrantCommercial real estate lending is shrinking to historically low levels, threatening a rise in defaults on expiring debt and a sharp decline in new …
White House Touts Support for Commercial-to-Residential Conversions
National Mortgage News, Oct. 30, 2023-Spencer LeeThe Biden administration provided updates to its housing supply action plan on Friday to emphasize its support of converting vacant commercial properties to affordable …
Americans Can’t Stop Spending. Five Reasons Why.
The Wall Street Journal, Oct. 29, 2023-Rachel Wolfe and Amara OmeokweAmericans’ prolonged spending spree has confounded economists and resulted in a surging U.S. economy. What’s keeping their feet off the …
It’s Merger Monday for Real-Estate Investment Trusts
The Wall Street Journal, Oct. 30, 2023-Chelsey DulaneyMerger mania swept the beleaguered real-estate sector on Monday with the announcement of two multi-billion dollar deals.Click here for more (subscription)
The Sales Pitch for an 8% Mortgage: Buy Now, Refinance Later—for Free
The Wall Street Journal, Oct. 30, 2023-Veronica DagherLenders have a proposition for home buyers who can’t stomach an 8% mortgage rate: Buy now, and refinance later for free.Click here for …
Industry Leaders Applaud Biden’s Plans to Transform Empty Offices Into Homes
MPA, Oct. 30, 2023-Candyd MendozaThe White House’s plan to repurpose commercial properties into residential units as a solution to the housing crisis has sparked a wave of reactions across the …
Housing Industry’s Plea: Powell Urged to Hit the Brakes on Rates
Yahoo!Finance, Oct. 30, 2023-Aditi GangulyMortgage rates hovering near 8% — the highest level in 23 years — are taking a toll on the housing market.Click here to read more