HousingWire, Aug. 25, 2023-Flávia Furlan Nunes (subscription)In a hawkish tone, Jerome Powell said that Federal Reserve (Fed) officials are prepared to raise the federal funds rate further and hold it …
Category: Top National News
Wholesale Channel Share Hits Post-2009 High
Inside Mortgage Finance, Aug. 25, 2023–John Bancroft (subscription)The wholesale-broker share of originations hit 16.8% in the second quarter.https://www.insidemortgagefinance.com/articles/228742-wholesale-channel-share-hits-post-2009-high?
Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak
Weekly Real Estate News, Aug. 24, 2023–Phil HallThe 30-year fixed-rate mortgage continued its historic ascension, averaging 7.23%, according to the latest Primary Mortgage Market Survey from Freddie Mac. Last week, …
Five Ways Surging Mortgage Rates are Reshaping the Housing Market
NPR, August 25, 2023–Scott HorsleyMortgage rates have climbed to the highest level in more than two decades — and that’s leading to a split-screen market in housing.https://www.npr.org/2023/08/25/1195419776/housing-prices-home-sales-mortgage-rates-construction-economy
MSCI: CRE Shouldn’t Worry About AI Negative Impact
GlobeSt.com, Aug. 24, 2023–Erik ShermanOne of the natural worries in commercial real estate — especially office — with the onset of ever more powerful artificial intelligence software is that there …
Mortgage Rates Hit 7.23%, Highest Since 2001
The Wall Street Journal, Aug. 24, 2023-Ben Eisen and Gina Heeb (subscription)Mortgage rates pushed to a fresh two-decade high this week, making it tougher for the housing market to emerge …
NYC Lost 100K Homes in Apartment-to-House Conversions
The City, Aug. 24, 2023-Rachel Holliday Smith It’s a New York dream to combine your place with the one next door to make a spacious home. https://www.thecity.nyc/housing/2023/8/24/23843686/100k-apartments-lost-to-house-conversions
Credit Suisse Drops Real-Estate Fund IPO Plan
The Wall Street Journal, Aug. 24, 2023-Adrià Calatayud (subscription)Credit Suisse said it has abandoned its plan to launch an initial public offering for its Credit Suisse 1a Immo PK real-estate …
Mortgage Servicers – What’s Worrying Clients?
Mortgage Professional America, Aug. 23, 2023–Tony CantuJD Power has long conducted satisfaction studies on various products and industries. The consumer intelligence company has now zeroed in on mortgage servicers, in …
AI-Enabled Regtech in Action
Thomson Reuters, Aug. 24, 2023–Mark DangeloIn the world of artificial intelligence-enabled solutions, the quantum advancements surrounding innovative designs and outcomes have captivated attention beyond traditional technologists and IT staff.https://www.thomsonreuters.com/en-us/posts/technology/ai-enabled-regtech-kpmg-perspectives/