Bloomberg News, Oct. 18, 2023-Vince GolleA measure of U.S. mortgage applications stumbled to an almost three-decade low as borrowing costs increased for a sixth-straight week, indicating further downside momentum for …
Category: Top National News
Gordon: FHA Is Examining Mortgage Loan Assumption Rules, Hoping for a New Partial Claim Option
HousingWire, Oct. 18, 2023-Flávia Furlan NunesThe Federal Housing Administration (FHA) is working to offer a new partial claim option before the end of 2023, according to the federal housing commissioner …
U.S. Single-Family Starts Rise; Soaring Mortgage Rates a Challenge
Reuters, Oct. 18, 2023-Lucia MutikaniU.S. single-family homebuilding rebounded in September, boosted by demand for new construction amid an acute housing shortage, but the highest mortgage rates in nearly 23 years …
Exclusive Leaks from the Mortgage Bankers Association’s Convention
National Mortgage Professional, Oct. 17, 2023–Lew SichelmanPHILADELPHIA – Here’s some items left over from the first two days at the Mortgage Bankers Association’s annual convention this week.Click here for more.
Smaller Lenders Gain Some GSE Market Share
Inside Mortgage Finance, Oct. 18, 2023–Dennis HollierLenders delivered $174.41 billion of single-family loans to the government-sponsored enterprises in the third quarter, essentially level compared with the second quarter, according to …
Freddie Mac Mulls Alternatives to Repurchase Demands
National Mortgage Professional, Oct. 17, 2023–Lew SichelmanAmid rising criticisms, Freddie Mac and FHFA explore ways to handle defective loans while emphasizing collaboration and consistency in the sector.Click here for more.
Home Insurance Is So High in This Florida Town, Residents Are Leaving
Wall Street Journal, Oct. 17, 2023–Deborah AcostaFlorida’s explosion in insurance premiums threatens to ground the state’s highflying housing market. Florida home prices soared more than 60% since 2019, according to …
Why One Fed Official Is Ready to Stop Raising Rates
Wall Street Journal, Oct. 18, 2023–Nick TimiraosThe Federal Reserve should extend its pause on interest-rate increases because of growing evidence that higher borrowing costs will slow the economy despite recent …
Housing Market Expert Warns First-Time Homebuyers Relying on ‘the Bank of Mom and Dad’
Fox Business, Oct. 18, 2023–Kristen AltusRedfin reports nearly 40% of home buyers under 30 use family money to help purchase property.Click here for more.
‘Enormous’ Amount of Capital on Sidelines Means Now Is Time to Buy Multifamily
GlobeSt.com, Oct. 17, 2023–Richard BergerWith strong fundamentals, new construction starts and a sizeable amount of capital on the sidelines, “now is the right time to buy” in multifamily, according to …