Inside Mortgage Finance, June 2, 2023–John Bancroft (subscription)Refinance originations fell to exceptionally low levels in the first quarter of 2023, helping to increase the purchase-mortgage share of the market, according …
Category: Top National News
FHFA Moves Ahead With Biden Administration’s Renter Rights Program
GlobeSt.com, June 2, 2023–Erik ShermanSince January, the Biden administration has been pushing for a program to establish a renter bill of rights “to increase fairness in the rental market and …
Biden Signs Debt Ceiling Bill That Pulls U.S. Back From Brink of Unprecedented Default
CBS MoneyWatch, June 3, 2023With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal …
Prop 19’s Property Tax Transfer a ‘Godsend’ for Southern California Seniors
Orange County (Calif.) Register, June 2, 2023–Jeff LazersonThousands of older homeowners in Southern California have sold their primary home and relocated their Prop. 13 tax savings to another property under …
FHA Releases Draft of New Foreclosure Prevention Option
National Mortgage News, June 1, 2023–Bonnie Sinnock (subscription)The Federal Housing Administration has introduced a new loss-mitigation concept to add to the set of temporary innovations that have emerged from the …
Libor’s Last Users Face Challenges as the Deadline for Its Demise Nears
Wall Street Journal, June 1, 2023-Mark Maurer (subscription)Companies that haven’t switched away from the scandal-plagued London interbank offered rate ahead of the June 30 deadline for the benchmark’s demise aren’t …
Commercial Real Estate Can Be a Problem for Banks, and Also a Solution
Wall Street Journal, June 1, 2023-Telis Demos (subscription)People are worried about banks’ commercial real-estate lending. They should also be worried about what would happen if they didn’t do it.https://www.wsj.com/articles/commercial-real-estate-can-be-a-problem-for-banks-and-also-a-solution-cb88eb5
The Multifamily Sector Faces Impending Debt Maturities
The Registry, June 1, 2023With the current focus primarily on office property loans, it is important not to overlook the mounting debt maturity within the multifamily sector in the coming …
Homes for Sale Are in Short Supply. Here’s Where Inventory Has Dropped the Most.
CBS News, June 1, 2023-Khristopher J. BrooksIt’s getting tougher for house hunters to find a home to buy, particularly in large cities, as the housing industry faces a dearth of …
Commercial Real Estate Downturn Could Weaken U.S. Life Insurers’ Portfolio Asset Quality
Moody’s Podcast, June 1, 2023–Danielle ReedU.S. life insurers have significant commercial real estate exposure, mitigated by a low share of holdings in office properties and high share of investments in …