CNBC, July 19, 2023-Diana OlickMortgage interest rates pulled back last week after jumping sharply to start July. That lit a fire under refinance demand but did little to help potential …
Category: Top National News
Mortgage Applications Rise For 4th Straight Week
National Mortgage Professional, July 19, 2023-David KrechevskyThe volume of mortgage applications increased for the fourth consecutive week, thanks to a slight decline in mortgage rates, the Mortgage Bankers Association (MBA) …
MBA: CMBS Loan Delinquency Rates Climb
MortgageOrb, July 18, 2023–Nina KormanAccording to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey, delinquency rates for mortgages backed by commercial and multifamily properties increased slightly …
Despite Recession Fears, Forbearance Rates Drop In June
National Mortgage Professional, July 18, 2023–Ryan Kingsley (subscription)A resilient labor market drove forbearance rates lower, the Mortgage Bankers Association says.https://nationalmortgageprofessional.com/news/despite-recession-fears-forbearance-rates-drop-june
Guild Mortgage President Takes CEO Job
San Diego Business Journal, July 18, 2023–Brad Graves (subscription)Terry Schmidt has taken the leadership of Kearny Mesa-based Guild Holdings Co., more commonly known as Guild Mortgage, as of July 1. …
US Bank Imposes Mortgage Layoffs
HousingWire, July 18, 2023–Flávia Furlan Nunes (subscription)Minneapolis-based U.S. Bank, the fourth-largest U.S. mortgage lender, is laying off staffers in its mortgage division this week, a spokesperson confirmed on Tuesday. The …
Op-Ed: Remember GSE Reform?
Weekly Real Estate News, July 17, 2023–Phil HallOn July 30, 2008, President George W. Bush signed the Housing and Economic Recovery Act of 2008 (HERA), which established the Federal Housing …
Prologis Boosts Outlook on Record Quarterly Earnings
The Wall Street Journal, July 18, 2023-Will Feuer (subscription)Industrial-property giant Prologis raised its earnings outlook for the year after posting record profits and sales amid higher interest rates and signs …
Whitmer Approves Tax Break to Increase Supply of Affordable Housing
Detroit Free Press, July 18, 2023-Clara HendricksonGov. Gretchen Whitmer signed a series of bills Wednesday that lawmakers hope will increase the supply of affordable housing in Michigan.https://www.freep.com/story/news/politics/2023/07/18/whitmer-tax-break-affordable-housing-michigan/70420867007/
Housing Market Stuck in Biggest Freeze in a Decade
The Real Deal, July 18, 2023-Holden Walter-WarnerThose looking for new neighbors will be disappointed to learn that the housing market is in its deepest freeze in a decade.https://therealdeal.com/national/2023/07/18/housing-market-stuck-in-biggest-freeze-in-a-decade/