Mortgage Professional America, May 18, 2023–Candyd MendozaThe prices of US commercial real estate properties fell for the first time since 2011, according to Moody’s Analytics. The Mortgage Bankers Association forecasted …
Category: Top National News
Inside Rocket’s Strategy to Win When the Market Turns
HousingWire, May 18, 2023–Flávia Furlan NunesRocket Mortgage‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon.https://www.housingwire.com/articles/inside-rockets-strategy-to-win-when-the-market-turns/?
Something Fishy is Going on: SeaWorld Owes San Diego $12M in Unpaid Rent
WRE News.com, May 17, 2023–Phil HallSan Diego’s City Council is complaining about a distinctive piscine aroma coming from SeaWorld San Diego, which is in default on rent payments to the …
Failed Bank CEOs Face Another Round of Bashing in Congress
National Mortgage News, May 17, 2023–Claire Williams (subscription)Former Silicon Valley Bank CEO Greg Becker continued to take heat from both sides of the aisle in his second — and last …
Housing Affordability is Becoming a Political Flashpoint
Axios, May 17, 2023–Caitlin OwensDebates around housing are watched especially closely by suburban voters, a segment of the population likely to determine the outcome of the 2024 elections. “It has …
The Big Squeeze: The Housing Market is so Unaffordable That Builders Have No Choice but to Build Smaller Homes
Fortune, May 17, 2023–Byalena BotrosThe Pandemic Housing Boom, which pushed national home prices up over 40%, coupled with last year’s mortgage rate shock, has resulted in a deterioration of housing …
Pause on Student Loan Payments About to End for Millions
The Hill, May 17, 2023–Lexi Lonas, Alex GangitanoOptimism that the White House would keep offering borrowers relief from making their payments was crushed last week, when Education Secretary Miguel Cardona …
San Francisco Gets a $1 Billion Bet That Workers Will Return
Bloomberg, May 17, 2023–Biz CarsonThe 48th floor of the Transamerica Pyramid used to hold a conference room with panoramic views of the San Francisco Bay. Today, there’s a hollowed out …
DataDigest: Boomers and the Refi Boom Reckoning
HousingWire, May 17, 2023–James KleimannWith housing affordability at an all-time low, supply is going to have to come from baby boomers, who are less sensitive to mortgage rates or don’t …
loanDepot Institutes Return-to-Office Policy; More Layoffs?
Inside Mortgage Finance, May 17, 2023–Paul MuololoanDepot, the nation’s 14th largest home lender, told its workforce this week that, come Sept. 5, they must be in the office at least …