Orange County Register, Apr. 13, 2023–Jeff Lazerson“Prospective homebuyers this year have been quite sensitive to any drop in mortgage rates, and that played out last week with purchase applications increasing …
Category: Top National News
Commercial Mortgage Banking Activity Dropped Off Slightly in 2022
MortgageOrb, Apr. 13, 2023–Michael BatesThe Mortgage Bankers Association’s 2022 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation shows that total commercial real estate mortgage borrowing and lending equaled $816 billion …
How California’s Newest Housing Laws Could Affect Housing Production
Planetizen, Apr. 13, 2023–Diana IonescuWhile it’s too soon to assess the full effects of recently passed legislation on housing production in the state, planners and housing advocates express cautious optimism …
U.S. Labor Market Gradually Losing Steam; Producer Inflation Cooling
Reuters, Apr. 13, 2023–Lucia MutikaniThe number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market conditions were gradually easing as …
Shadow Lenders to Bridge Real Estate Void Left by Banks, Bonds
Bloomberg, Apr. 13, 2023–Carmen Arroyo, John SageCarlyle, Castlelake, King Street, HighVista, Palladius eye CRE; CMBS is down 82% as regional banks pull back from lending; Traditional banks and the bond …
Employees Call Out Locker-Room Culture at Phoenix Suns Owner’s Company
Bloomberg, Apr. 12, 2023–Polly Mosendz, Caleb MelbyMat Ishbia built one of the largest mortgage-origination firms in the US. Some current and former employees say they encountered racial disparities, sexism and …
First Federal Bank Buys BNC National’s Mortgage Business
National Mortgage News, Apr. 13, 2023–Maria Volkova (subscription)First Federal Bank is buying certain assets and liabilities of BNC National Bank’s mortgage division, including the Bismarck, North Dakota-based institution’s consumer-direct technology …
Mortgage Rates Drop for Fifth Week in a Row
CNN, Apr. 13, 2023–Anna BahneyThe 30-year fixed-rate mortgage averaged 6.27% in the week ending April 13, down slightly from 6.28% the week before, according to data from Freddie Mac released …
Millennials Became Homeowners Later than their Parents and Grandparents. Here’s Why
The Hill, Apr. 13, 2023–Adam Barnes“There was a long-standing belief that millennials never wanted to own and were perfectly content renting. That belief has proven to be false. The reality …
Peak Real Estate: This Tiny Wyoming Community Has Some of the Country’s Priciest Mountain Homes
Wall Street Journal, Apr. 13, 2023–Jessica Flint (subscription)In northwest Wyoming, known for its access to Grand Teton and Yellowstone National Parks, is Wilson. This blink-and-you’ll-miss-it community of 1,567 people has …