MPA, Sept. 14, 2023-Candyd MendozaThe slowdown in the commercial real estate sector continued to put pressure on loans backed by commercial and multifamily properties, according to the Mortgage Bankers Association’s …
Category: Top National News
Mortgage Rates Rise, Staying Above 7%
The Wall Street Journal, Sept. 14, 2023-Gina Heeb (subscription)Mortgage rates rose, remaining above 7% for a fifth straight week.Click here to read.
Beverly Hills Ordered to Revise Its Affordable Housing Plan
Bloomberg, Sept. 14, 2023-John Gittelsohn (subscription)Beverly Hills, a city known for luxurious mansions, must come up with a new plan to comply with a California law that requires it to …
GSE Repurchase Risk is Rippling Through the MSR Market
HousingWire, Sept. 13, 2023–Bill Conroy (subscription)The mortgage servicing rights market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion …
Amazon Pledges $40M for Affordable Homeownership in Seattle and Beyond
Seattle Times, Sept. 13, 2023-Heidi GrooverAmazon is pledging $40 million in grants and loans for affordable homeownership projects in several regions of the country, including the Seattle area.https://www.seattletimes.com/business/real-estate/amazon-pledges-40m-for-affordable-homeownership-in-seattle-and-beyond/
A 3% Mortgage Rate in a 7% World? This Startup Says It Can Do That
Wall Street Journal, Sept, 13, 2023-Ben Eisen (subscription)There are millions of outstanding mortgages with a 3% interest rate. A new startup says it can help today’s home buyers get their …
Home Buying Activity Shows Signs of Returning
National Mortgage News, Sept. 13, 2023-Spencer LeeAs rates headed higher, mortgage application volumes inched downward over Labor Day week, but buying activity saw a rebound from long-time lows, according to …
GSE Repurchase Risk Is Rippling Through the MSR Market
HousingWire, Sept. 13, 2023-Bill Conroy (subscription)The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 …
Fannie Mae Selling Billions of Dollars Worth of Reperforming Loans
National Mortgage News, Sept. 13, 2023–Bonnie Sinnock (subscription)Fannie Mae on Tuesday put a $2.65 billion package of previously distressed single-family mortgages up for sale in a market where a low …
Office Workers Return to NYC in Higher Numbers But Fall Short of Pre-Pandemic Levels
WABC-TV, Sept. 13, 2023–N.J. BurkettAs New York City continues to rebound from the pandemic, one of the last hurdles to returning to “fully normal” is the work schedule. There are …