Category: Top National News

National Mortgage News, Aug. 8, 2023-Brad FinkelsteinOriginators continued to reduce their loan product offerings in July in an effort to manage costs while origination volume lags, the Mortgage Bankers Association …

Bloomberg News, Aug. 8, 2023-Claire Ballentine (subscription)Millions of Americans have a higher rate on their savings account than they’re paying for their mortgage.https://www.bloomberg.com/news/articles/2023-08-08/marcus-rate-vs-mortgage-rate-interest-on-high-yield-is-higher-than-home-loans#xj4y7vzkg

National Mortgage Professional, Aug. 8, 2023-Christine StuartIn a move that could have far-reaching implications for the mortgage market and the U.S. economy, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), …

Bloomberg News, Aug. 7, 2023–Laura Curtis (subscription)U.S. shelter inflation, the biggest component of the consumer price index, is set to slow significantly and may even turn into deflation next year, …

Wall Street Journal, Aug. 8, 2023–Peter Grant (subscription)Some of the biggest names in commercial real-estate lending have all but turned off the spigot. Blackstone Mortgage Trust and KKR Real Estate …

The Wall Street Journal, Aug. 7, 2023-Konrad Putzier and Will Parker (subscription)Apartment buildings, long considered a real-estate haven, are emerging as the next major trouble spot in the beleaguered commercial-property …

Bloomberg News, Aug. 7, 2023-Norah Mulinda and Carly WannaThe seemingly unstoppable rally in homebuilding stocks may face a few potential roadblocks ahead.https://www.bloomberg.com/news/articles/2023-08-07/exuberant-homebuilders-rally-runs-counter-to-housing-market-woes#xj4y7vzkg

Bloomberg News, Aug. 7, 2023-Natalie WongBanks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.https://www.bloomberg.com/news/articles/2023-08-07/property-loans-are-so-unappealing-that-banks-want-to-dump-them#xj4y7vzkg

The Dallas Morning News, Aug. 7, 2023-Mitchell Parton (subscription)Zillow Group is teaming up with another major home-listing service as buyers shift toward newly built homes, lacking many other options.https://www.dallasnews.com/business/real-estate/2023/08/07/zillow-is-partnering-with-one-of-its-biggest-rivals-heres-why/

Banker & Tradesman, Aug. 6, 2023–Lew SichelmanHomebuyers who focus solely on the cost of their mortgage’s interest and principal are doing themselves a disservice. There are other recurring costs that …