The Real Deal, June 29, 2023-TRD StaffThe intimidating “wall of maturities” is only a few months from closing in on the multifamily sector.https://therealdeal.com/national/2023/06/29/multifamily-to-face-8b-of-maturities-this-fall/
Category: Top National News
Factbox: Big Banks Stand Strong Against Fed’s Commercial Real Estate Gloom
Reuters, June 28, 2023-Michelle PriceBig U.S. banks’ commercial real estate portfolios put in a surprisingly good performance during the Federal Reserve’s annual health checks, with losses declining slightly on last …
Mortgage Applications Rise for Third Straight Week
FoxBusiness, June 29, 2023-Aislinn MurphyDemand for home mortgages in the U.S. climbed again last week. (MBA mention)https://www.foxbusiness.com/economy/mortgage-applications-rise-third-straight-week
Mortgage Rates Jump Higher: 30-Year Fixed Rises to 6.7%
CNN, June 29, 2023-Anna Bahney, Alicia Wallace and Elisabeth BuchwaldThe housing market showed clear signs of slowing, according to new data released on Thursday.https://www.cnn.com/2023/06/29/homes/pending-home-sales-may-mortgage-rates/index.html
Correspondent Channel Gains Share Despite Wells Retreat
Inside Mortgage Finance, June 29, 2023–Brandon Ivey (subscription)Wells Fargo originated $5.08 billion of conventional-conforming loans through the correspondent channel in the fourth quarter. In the first quarter, the bank’s production …
MISMO’s David Coleman on the Evolution of Mortgage Tech
HousingWire, June 28, 2023–Sarah Wheeler (video)HousingWire Editor in Chief Sarah Wheeler interviewed MISMO President David Coleman about the evolution of mortgage technology and the potential for data standards to continue …
Lumber Makers Are Booming Again
Wall Street Journal, June 28, 2023-Ryan Dezember (subscription) Their stocks aren’t as hot as homebuilders’, but Weyerhaeuser, West Fraser Timber, Boise Cascade and others that own sawmills and make wood …
Hedge Fund Spies Opportunity as Insurers Rethink Residential Mortgages
Institutional Investor, June 28, 2023-Michael ThrasherA small group of insurance companies have started investing in whole residential mortgages and the entire industry is going to follow their lead, according to …
FHA to Require Lenders to Ask Language Preference
National Mortgage Professional, June 28, 2023-David KrechevskyThe Federal Housing Administration (FHA) announced Tuesday that it will require lenders making FHA-insured mortgage loans to ask borrowers for their language preference.https://nationalmortgageprofessional.com/news/fha-require-lenders-ask-language-preference
Mortgage Demand Grows, Driven by Sales of New Homes
CNBC, June 28, 2023-Diana OlickMortgage rates turned higher again last week. But the increase did not cut into mortgage demand, as buyers sought newly built homes.https://www.cnbc.com/2023/06/28/mortgage-demand-grows-driven-by-sales-of-new-homes.html