National Mortgage News, August 21, 2023–Maria Volkova (subscription)As the mortgage industry winds down from explosive origination volume seen in 2020 and 2021, consolidation activity has ramped up.https://www.nationalmortgagenews.com/list/m-a-activity-in-2022-and-2023-a-list
Category: Top National News
Private Companies Now Writing Nearly One-Third of Flood Policies
National Mortgage News, Aug. 21, 2023–Bonnie Sinnock (subscription)The National Flood Insurance Program has increasingly gotten more help from the private sector in covering some of the damage from disasters like …
Escrows, a Rising Benefit for MSR Owners
Inside Mortgage Finance, August 21, 2023–Paul Muolo (subscription)Mark Garland, managing director of SitusAMC: “When rates were lower it wasn’t a big deal. Now it is.”https://www.insidemortgagefinance.com/articles/228693-escrows-a-rising-benefit-for-msr-owners?
Banks Don’t Love Rich Mortgage Borrowers as Much as They Used To
The Wall Street Journal, Aug. 21, 2023-Ben Eisen and Rachel Louise Ensign (subscription)Banks are tapping the brakes on big home loans known as jumbo mortgages, which they have typically viewed …
A Bright Spot in Commercial Real Estate: Retail Shops
The Wall Street Journal, Aug. 21, 2023-Kate King (subscription)Retailers are on track to open 1,000 net new stores in the U.S. this year as retail availability hits record lows, in …
Mortgage Rates Hit Their Highest Point Since 2000
CNBC, Aug. 21, 2023-Diana OlickMortgage rates jumped Monday, following a rise in bond yields driven by investors’ concerns that high interest rates and inflation will linger longer than expected. https://www.cnbc.com/2023/08/21/mortgage-rates-hit-highest-point-since-2000.html
Confidence in Multifamily Housing in Positive Territory
MPA, Aug. 21, 2023-Jonalyn CuetoResults from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB) revealed positive confidence in the market for new multifamily housing …
Cap Rates to Rise, Model Predicts
Multi-Housing News, Aug. 18, 2023–Lew SichelmanAre multifamily capitalization rates destined to rise further?Yes, according to a model developed by the First American Financial Corp. that simulates cap rates based on …
The EB-5 Investment Program Continues to Regain Momentum
Wealth Management Real Estate, Aug. 21, 2023–Beth Mattson-TeigThe EB-5 immigration investment program has been on a bumpy path to recovery after Congress reinstated the program nearly 18 months ago. But …
Why the Era of Historically Low Interest Rates Could Be Over
Wall Street Journal, Aug. 20, 2023–Nick Timiraos (subscription)Despite the Federal Reserve raising interest rates to a 22-year high, the economy remains surprisingly resilient, with estimates putting third-quarter growth on pace …