Weekly Real Estate News, Sept. 14, 2023–Phil HallMortgage rates resumed their upward trajectory and stayed above the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie …
Category: Top National News
New Empower Owner Rebrands Business as Dark Matter
National Mortgage News, Sept. 15, 2023–Brad Finkelstein (subscription)Even though the Empower LOS was the second most-used origination platform in the mortgage business, it was commonly seen as taking a back …
Preparing Homes for Wildfires Is Big Business That’s Only Getting Started
NPR, Sept. 15, 2023-Alina SelyukhAs the Blue Ridge Fire blazed across California’s Orange County in 2020, O.P. Almaraz stared at the menacing glow on the horizon and evacuated his family …
The Housing Market Has Never Been This Expensive
Business Insider, Sept. 15, 2023-Phil Rosen The housing market has never before been this expensive.Click here to read.
Mortgage Applications Increase Despite High Rates
MPA, Sept. 15, 2023-Candyd MendozaLoan applications for new home purchases in August increased 4% from the previous month despite the high mortgage rates subduing overall borrower demand.Click here to read.
After Redlining Settlement, City National Bank Launches Home Loan Grants for Underserved
Orange County Register, Sept. 15, 2023–Jeff LazersonAs part of a lending discrimination settlement with the Department of Justice, City National Bank has created a $29.5 million fund to help marginalized …
Home Buying Activity Shows Signs of Returning
National Mortgage News, Sept. 13, 2023–Spencer Lee (subscription)As rates headed higher, mortgage application volumes inched downward over Labor Day week, but buying activity saw a rebound from long-time lows, according …
How Lehman’s Collapse 15 Years Ago Changed the U.S. Mortgage Industry
WFDD/National Public Radio, Sept. 15, 2023–Joe HernandezFifteen years ago, the world witnessed the largest commercial collapse in history when the financial giant Lehman Brothers filed for bankruptcy. The dramatic fall …
Despite Housing Market Rebound, Some Northeast Pockets Remain Vulnerable: Report
Commercial Observer, Sept. 14, 2023-Nick TrombolaFive Northern Virginia markets are among the least likely areas in the U.S. to experience a housing market downturn, according to a report released Thursday …
A Third of Would-Be Buyers Cannot Find Affordable U.S. Homes, Industry Surveys Show
Reuters, Sept. 14, 2023-Amina NiasseNEW YORK–Too few affordable homes on the market and interest rates at their highest in decades are the top reasons keeping prospective U.S. home buyers from …