CoStar News, June 6, 2023–Richard Lawson, Mark HeschmeyerAlternative lenders could end up carving out a bigger niche among apartment owners as traditional bank routes have narrowed for refinancing loans. (MBA …
Category: Top National News
Residential Real Estate Activity Picks Up Despite Low Inventory
HousingWire, June 6, 2023-Connie Kim (subscription) All 12 Federal Reserve districts have seen issues with a lack of housing inventory, which is largely due to existing homeowners holding back on …
Housing Market 2023: Nearly Half of Millennials & Gen Z Blame Government for High Housing Prices
Yahoo Finance, June 6, 2023-David NadelleIt’s a time-honored tradition to blame the government for society’s ills, and as a new survey points out, that trend continues as young Americans condemn …
Interest-Only Loans Helped Commercial Property Boom. Now They’re Coming Due
Wall Street Journal, June 6, 2023- Konrad Putzier (subscription)Nearly $1.5 trillion in commercial mortgages are coming due over the next three years, according to data provider Trepp. Many of the …
Half of Large Firms Plan to Cut Office Space, Knight Frank Says
Bloomberg, June 6, 2023-Jack Sidders (subscription)Many of the biggest corporate employers plan to reduce the amount of office space they occupy over the next three years, underlining the changes set …
Residential Real Estate Activity Picks Up Despite Low Inventory
HousingWire, June 6, 2023-Connie Kim (subscription) All 12 Federal Reserve districts have seen issues with a lack of housing inventory, which is largely due to existing homeowners holding back on …
Pimco Sees Best Bond Return Potential in 14 Years as Rates Rise
Bloomberg , June 6, 2023-Allison McNeely (subscription)One of the world’s biggest bond managers sees the best opportunity in more than a decade to invest in public-debt securities as the Federal …
Investors are Building a Record Number of Homes Solely to Rent Out. Will This Hurt Aspiring Homeowners?
MarketWatch, June 5, 2023–Aarthi SwaminathanAs aspiring homeowners contend with high mortgage rates, rising home prices and a low number of homes for sale, the construction of single-family homes built deliberately …
Uncle Sam Trashes Garbage Fees
National Mortgage Professional, June 6, 2023–Lew SichelmanUncle Sam is going hard after what it deems to be unconscionable, if not illegal, junk fees, particularly in the servicing and rental sectors.https://nationalmortgageprofessional.com/news/uncle-sam-trashes-garbage-fees
HECM Lending Fizzles to Pre-Pandemic Levels
Inside Mortgage Finance, June 6, 2023–Andras Malatinszky (subscription)The fuel for the boom in home equity conversion mortgages has been exhausted.https://www.insidemortgagefinance.com/articles/228009-hecm-lending-fizzles-to-pre-pandemic-levels?v=preview