Forbes, May 5,2023–Natalie Campisi This type of loan do-over isn’t new. FHA used 40-year loan modifications during Covid to help borrowers affected by the pandemic stay in their homes. And …
Category: Top National News
Wall Street is Running Away From the Housing Market. But Why?
Fortune, May 5, 2023–Lance LambertIt makes sense that the Pandemic Housing Boom saw a flood of institutional homebuying. Low interest rates, easy access to capital, soaring rents and skyrocketing home …
Large Firms Gain GSE Servicing Share, Led by Chase
Inside Mortgage Finance, May 5, 2023–Dennis HollierChase Home Finance quietly became the largest servicer of mortgages backed by Fannie Mae and Freddie Mac, according to a new ranking and analysis.https://www.insidemortgagefinance.com/articles/227737-large-firms-gain-gse-servicing-share-led-by-chase?v=preview
Real Estate Debt Funds Aim to Be Players on Opportunistic, Distressed Strategies
Wealth Management Real Estate, May 5, 2023–Mary DiduchWith trouble roiling the banking sector, attention has turned to real estate debt funds to pick up market share. And indications that some …
Listing Write-Ups by AI
The Housing Scene (UExpress), May 5, 2025–Lew SichelmanRestb.ai is the latest in a string of artificial intelligence-powered technologies that have launched recently, all aimed at helping agents automate time-consuming tasks …
ICE, Black Knight Report Losses in First Quarter
National Mortgage News, May 4, 2023–Maria Volkova (subscription)Companies on both ends of a controversial pending deal reported first quarter losses Thursday. Intercontinental Exchange saw revenue dip in the first quarter, …
Rocket Posts Another Quarterly Loss as Mortgage Industry Challenges Continue
Detroit News, May 4, 2023–Jordyn GrzelewskiRocket Companies Inc. recorded a net loss of $411 million on net revenue of $666 million in the first quarter of 2023, the parent company …
Are Homeseller and Buyer Escrow Accounts Safe at Local Banks?
Orange County Register, May 4, 2023–Jeff LazersonMissing from the headlines of regional bank collapses in recent weeks was the mention of real estate transactional risk. (MBA mention)https://www.ocregister.com/2023/05/04/are-homeseller-and-buyer-escrow-accounts-safe-at-local-banks/
Mortgage Rates Take a Drop
WRE News.com, May 4, 2023–Phil HallThe 30-year fixed-rate mortgage averaged 6.39%, according to new data from Freddie Mac. This rate is down from last week when it averaged 6.43%. A …
New Home Listings Plunge 21% With Higher Rates Spooking Sellers
Bloomberg, May 4, 2023–Paulina CacheroWhile potential buyers have been sidelined by daunting borrowing costs, sellers are also sitting out the spring season. The number of new listings in April was …