Wealth Management Real Estate, Sept 12, 2023–David BodamerPublicly-traded REITs are largely relying on unsecured debt at fixed rates, avoiding some of the rancor caused by rising interest rates.https://www.wealthmanagement.com/reits/reits-report-strong-balance-sheets-during-latest-quarterly-results?
Category: Top National News
20 Banks With the Largest Total Home Loan Origination Volume in Q2
National Mortgage News, Sept. 13, 2023 (complimentary content)The top five lenders in the ranking have an average total origination volume of more than $7 billion as of the end of …
Affordable Housing Crisis in US West: Why It’s Hard to Build New Homes
Business Insider, Sept. 13, 2023–Kyle PaolettaThe affordable housing crisis from Colorado to California makes no sense. The West is overflowing with land, but new housing is hard to build.https://www.businessinsider.com/affordable-housing-crisis-us-west-coast-cause-explained-2023-9
MBA’s Broeksmit Highlights Industry Challenges
HousingWire, Sept. 13, 2023MBA President & CEO Bob Broeksmit discussed the association’s continued advocacy efforts in spite of market and political challenges at a recent conference.https://www.housingwire.com/articles/mbas-broeksmit-highlights-industry-challenges/
Rising Insurance Rates Are Crushing Affordable Housing Developers
Bloomberg, Sept. 12, 2023–Kriston Capps (subscription)Natural disasters and crime are being blamed for property insurance hikes that are frustrating builders of much-needed new apartment buildings.https://www.bloomberg.com/news/articles/2023-09-12/insurance-rate-hikes-threaten-to-bust-the-us-apartment-building-boom?
Mortgage Credit Availability Rebounds in August
The MReport, Sept. 12, 2023–Demetria C. LesterMortgage credit availability increased in August according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from …
CFPB’s Chopra Defends His Agency’s Mortgage Rules in High Court Case
National Mortgage News, Sept. 12, 2023–Kate Berry (subscription)Consumer Financial Protection Bureau director Rohit Chopra defended the agency’s actions — particularly its mortgage rules — as the Supreme Court is poised …
Opinion: The Evolution of the Independent Mortgage Bank
HousingWire, Sept. 12, 2023–Joe CamerieriThese current mortgage markets are what make it challenging for independent mortgage banks (IMBs). For many of these transaction-oriented, monoline mortgage lenders, it’s always a question …
Amazon’s Makeover of Lord & Taylor Building Shows Challenge of Office Conversions
Wall Street Journal, Sept. 12, 2023–Konrad Putzier (subscription)Amazon.com on Tuesday will unveil its new Manhattan office at the former Lord & Taylor flagship department store, a transformation that highlights how …
Loan Size Impact on Profitability Subject of New MBA White Paper
Mortgage Orb, Sept. 11, 2023–Nina KormanOriginating and servicing higher-balance loans means higher profits – at least that’s the conventional wisdom. A new white paper recently released by the Mortgage Bankers …