Bloomberg News, Sept. 26, 2023-Alexandre Tanzi (subscription)Florida has overtaken New York to become the second most-valuable US housing market, according to a new study by Zillow.Click here to read.
Category: Top National News
Surging Insurance Costs Have Come for Office Landlords
Wall Street Journal, Sept. 26, 2023–Konrad PutzierCommercial property owners, already struggling with high interest rates and rising vacancies, face exploding insurance costs that keep hitting new highs.Click here for more. …
Fed’s Kashkari Warns of Possible Need for More Rate Hikes
Wall Street Journal, Sept. 26, 2023–Bob FernandezNeel Kashkari, president of the Federal Reserve Bank of Minneapolis, gives the U.S. economy a 60% chance of a soft landing with one more …
CRE Debt Increases by $38B in Q2, Says MBA
ConnectCRE, Sept. 26, 2023–Paul BubnyThe level of commercial/multifamily mortgage debt outstanding increased by $37.7 billion, or 0.8%, in the second quarter of 2023, according to the Mortgage Bankers Association’s (MBA) …
Student Loan Payments to Resume, Will Modestly Impact Mortgages: Moody’s
HousingWire, Sept. 25, 2023–Flávia Furlan NunesFederal student loan payments resuming on Oct. 1 will negatively affect consumer loan asset quality, including credit card, auto and, to a lesser extent, residential …
Even a Booming Economy Can’t Save Atlanta’s Office Market
The Wall Street Journal, Sept. 25, 2023-Peter Grant and Deborah Acosta (subscription)Atlanta has been one of the Sunbelt’s biggest boomtowns, where the population and job market are growing fast. But …
CFPB Unveils Plan To Remove Medical Debt From Credit Reports
National Mortgage Professional, Sept. 25, 2023-Christine StuartThe Consumer Financial Protection Bureau (CFPB) has taken a firm stance in a plan revealed last week to eliminate medical bills from consumer credit …
Raft of Commercial Mortgage Bond Ratings Were Slashed, Bank of America Says
Bloomberg News, Sept. 25, 2023-Charles E. Williams (subscription)Credit ratings were cut on the highest number of commercial mortgage-backed securities in “recent memory” last week, according to strategists at Bank of …
Mortgage Lending Could Be Halted by Flood Insurance Program’s Expiration, Experts Warn
HousingWire, Sept. 26, 2023-Chris Clow (subscription)Five days remain in the currently authorized National Flood Insurance Program (NFIP). If it is not reauthorized by Congress before that date, the mortgage industry …
Home Insurance Woes Threaten Mortgage Lending, Experts Warn
National Mortgage News, Sept. 25, 2023–Andrew MartinezFederal inaction on a looming flood insurance deadline could further disrupt the nation’s ailing housing market.Click here for more. (subscription)