Bloomberg, July 5, 2023–Austin Weinstein, Katanga Johnson (subscriptionU.S. officials are considering limits on the ability of large lenders to use Federal Home Loan Banks as a financial backstop, part of …
Category: Top National News
Another Warehouse Financier Calls It Quits
Inside Mortgage Finance, July 5, 2023–Paul Muolo (subscription)Roughly nine months after declaring its entry into the warehouse lending arena, Fifth Third Bank has decided to exit the business, multiple sources …
FHA Foreclosure Prevention Fix for Higher Rates Draws Mixed Reviews
National Mortgage News, July 3, 2023–Bonnie Sinnock (subscription)A strategy floated by the Federal Housing Administration as a way to lower the payments of troubled borrowers even when current rates are …
Face It, the 3% Mortgage Rate is Not Coming Back
Nerd Wallet/Dow Jones, July 5, 2023–Holden LewisThe era of low mortgage rates is over. Embracing this reality will hasten your owning a house that meets your needs. (MBA mention)https://www.morningstar.com/news/marketwatch/2023070552/face-it-the-3-mortgage-rate-is-not-coming-back
Commercial Real Estate Finds a Rare Bright Spot by Campuses
Wall Street Journal, July 4, 2023–Maggie Eastland (subscription)Rents for student housing are poised to grow, boosted by limited supply and strong demand at many colleges, especially top research universities and …
The Contrarian Investors Betting on Commercial Real Estate
Wall Street Journal, July 3, 2023-Eric Wallerstein (subscription)Jeremy Grantham and GMO, the Boston-based money manager he cofounded, aren’t afraid to go against the grain. So with Wall Street sounding the …
What’s Next for the Housing Market, as Told by Fannie Mae’s Latest Forecast
Fortune, July 3, 2023-Lance Lambert (subscription)The U.S. housing market is defying earlier projections of significant national home price declines. At least that’s according to Fannie Mae.https://fortune.com/2023/07/03/housing-market-home-price-forecast-fannie-mae-outlook-2023-and-2024/
Regulators Issue Final Rule on CRE Loan Modifications
Globe St., July 3, 2023-Erik ShermanLast September, in anticipation of a potential CRE meltdown in the face of sharply escalating interest rates, the Office of the Comptroller of the Currency; …
MBA Urges FHA to Tweak “Complex” Payment Supplement Partial Claim Rule
MPA, July 3, 2023-Candyd MendozaThe Mortgage Bankers Association has written a letter to the Federal Housing Administration regarding its proposed payment supplement partial claim (PSPC).https://www.mpamag.com/us/specialty/non-prime/mba-urges-fha-to-tweak-complex-payment-supplement-partial-claim-rule/451328
How Friction Between Two Major California Laws Impedes Housing Construction
CalMatters, July 2, 2023–Dan WaltersA new research paper pinpoints how the California Environmental Quality Act collides with another state law to make housing construction more difficult than it should be.https://calmatters.org/commentary/2023/07/california-laws-impede-housing-construction/