Housing Wire, June 1, 2023-Bill Conroy (subscription)The private-label and agency mortgage-backed securities (MBS) markets, the primary sources of liquidity for many mortgage lenders, are taking a beating so far this …
Category: Top National News
CRE Mortgage Delinquencies Rise in 1Q for All Investors
National Mortgage News, June 1, 2023-Brad Finkelstein (subscription)Commercial and multifamily delinquency rates rose across all investors, affected by the economic stressors facing the country, the Mortgage Bankers Association reported.https://www.nationalmortgagenews.com/news/cre-mortgage-delinquencies-rise-in-1q-for-all-investors
Outstanding FHLBank Advances Pass $1 Trillion Mark
Inside Mortgage Finance, June 1, 2023–Brandon Ivey (subscription)Banks and thrifts helped to drive total outstanding Federal Home Loan Bank advances above $1 trillion as of the end of March, according …
Home Buyer Pessimism Bodes Well for Multifamily
Multi-Housing News, May 31, 2023–Lew SichelmanColumnist Lew Sichelman on how a difficult housing market continues to benefit multifamily.https://www.multihousingnews.com/home-buyer-pessimism-bodes-well-for-multifamily/
Remote Work Destroyed Even More Office Value Than Researchers Had Thought
GlobeSt.com, June 1, 2023–Erik ShermanLast fall, researchers from New York University’s Stern School of Business and from Columbia Business School looked at the effect of remote work on the office …
Where Is the U.S. Economy Headed? Follow the Money
Wall Street Journal, May 31, 2023-Matt Wirz (subscription)The stock market is near a one-year high, giving many investors comfort. But down below, debt markets are creaking under the strain of …
Fed’s Bowman Says Housing Market Rebound Could Impact Inflation Fight
Reuters, May 31, 2023An apparent rebound in the residential housing market could impact the Federal Reserve’s inflation fight, with home prices “leveling out” even as the U.S. central bank awaits …
Rising Rates Make It Harder to Help Distressed Homeowners; Regulators Are Trying to Fix That
Wall Street Journal, May 31, 2023-Ben Eisen (subscription)Rising interest rates are putting up new roadblocks for people struggling to pay their mortgages. Housing officials are working on a fix.https://www.wsj.com/articles/rising-rates-make-it-harder-to-help-distressed-homeowners-regulators-are-trying-to-fix-that-813a8cd9
A Record Number of Homes Are Being Built by Investors to Rent. But Does This Hurt or Help Aspiring Homeowners?
MarketWatch, May 31, 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 …
US Mortgage Rates Rise to Near Seven-Month High of 6.91%
Bloomberg News, May 31, 2023-Molly Smith (subscription)U.S. mortgage rates surged to the highest level since early November last week, stifling demand for home purchases and refinancings.https://www.bloomberg.com/news/articles/2023-05-31/us-mortgage-rates-hit-near-seven-month-high-during-debt-impasse?srnd=premium#xj4y7vzkg