Bloomberg News, Oct. 13, 2023-Patrick SissonAmid a chaotic session of Congress consumed with a near-shutdown, impeachment and the historic ousting of House Speaker Kevin McCarthy, the idea that any legislation aimed …
Category: Top National News
Real Estate Groups Urged the Fed to Stop Rate Hikes. Here’s Why.
ABC News, Oct. 13, 2023-Max ZahnMajor housing industry groups voiced “profound concern” in a letter this week urging the Federal Reserve to stop raising interest rates.Click here for more
Title and Wire Fraud Risk Appeared in Nearly Half of 3Q Loans
National Mortgage News, Oct. 13, 2023-Spencer LeeSigns pointing to the threat of wire or title fraud declined from earlier this year but still showed up in nearly half of all …
Higher Rates Hit Big Banks’ Mortgage Businesses
The Wall Street Journal, Oct. 13, 2023-Gina HeebHigh interest rates continued to pummel the housing market in the third quarter, dragging on mortgage activity at the big banks.Click here for …
U.S. Housing Affordability Worsens to New Record Low on High Rates
Bloomberg News, Oct. 13, 2023-Augusta SaraivaU.S. housing affordability worsened to a fresh record low in August as Americans continue to bend under the weight of soaring mortgage rates and sticky …
Active Fund Managers Increased Allocations to Healthcare, Residential and Data Center REITs
Wealth Management Real Estate, Oct. 12, 2023–David BodamerRecent Nareit research looked at actively-managed real estate funds, REIT balance sheets and the state of ESG among publicly-traded real estate investors.Click here …
Fannie Mae, Freddie Mac Record a Downshift in Nonperforming Loan Sales
National Mortgage News, October 11, 2023–Bonnie SinnockFannie Mae and Freddie Mac sold nonperforming loans at their third slowest rate on record last year, in sharp contrast to more aggressive activity …
In CT Towns With More Housing, Lower Property Tax Rates For All
CT Mirror, Oct. 13, 2023–Dan SmolnikTowns in Connecticut that issue more permits for housing are not only bringing in residents and jobs and encouraging employers to locate there, but they …
Mortgage Rates Rise for Fifth Consecutive Week
The MReport, Oct. 1, 2003–Eric C. PeckFor the fifth straight week, Freddie Mac has reported a steady rise in the 30-year, fixed-rate mortgage. The 30-year FRM averages 7.57%, up eight …
Manhattan Rental Prices Cool Off From Surging NYC Summer Peak
New York Post, Oct. 12, 2023–Shannon ThalerManhattan’s red-hot rental market cooled off, slightly, following a prolonged summer peak that saw prices surge to new heights.Click here for more.