The Wall Street journal, Sept. 21, 2023-Gina Heeb (subscription)Mortgage rates held above 7% for a sixth straight week.Click here to read
Category: Top National News
MBA Opposes FHFA’s Suspended Counterparty Program Proposal
MPA, Sept. 21, 2023-Candyd MendozaThe Federal Housing Finance Agency should not expand the suspended counterparty program (SCP), said the Mortgage Bankers Association.Click here to read
No Sign of Relief in Housing Even as the Fed Holds Rates Steady
HousingWire, Sept. 21, 2023-Connie Kim (subscription)The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s …
NYC Mayor Aims to Bring ‘a Little More Housing’ to Neighborhoods
Bloomberg News, Sept. 21, 2023-Jennifer Epstein (subscription)New York Mayor Eric Adams is calling for construction of “a little more housing in every neighborhood” to contend with the city’s severe shortage of places …
Rate Shifts Renew the Need to Mind the Curve, Hedges
National Mortgage News, Sept. 20, 2023–Brad Finkelstein, Bonnie SinnockAs interest rates have become more unpredictable, the shifts in financing expenses have had a number of ripple effects, causing mortgage lenders …
Mixed Trends in Mortgage Repurchases by Banks
Inside Mortgage Finance, Sept. 21, 2023–Namrata BhatiaMortgage buybacks at banks increased slightly on a quarterly basis in the second quarter, though repurchase volume was down 30.4% on an annual basis …
Pet Owners Want More Than Fences When Shopping for a House
Washington Post, Sept. 21, 2023–Tom PetersonProximity to good schools has long been a deciding factor for home buyers. An increasing number of house shoppers, however, are looking for schools that …
CRE Lenders Respond to Uncertainty With Extensions
GlobeSt.com, Sept. 21, 2023–Erik ShermanAbout $5.65 billion in loans have been extended so far in 2023, says Trepp.Click here for more. (subscription)
Flood Insurance Program Faces a Backlash—and a Deadline
Wall Street Journal, Sept. 21, 2023–Jean Eaglesham, Katy Stech FerekA federal program that provides critical flood insurance is set to lapse unless renewed by the end of the month, potentially …
ICE to Price Climate Risk in Mortgage Bonds
The Wall Street Journal, Sept. 19, 2023-Matt Wirz (subscription)Bond fund managers have a new way to gauge potential losses from climate change.Click here to read