Category: Top National News

Wall Street Journal, Apr. 12, 2023–Andrew Ackerman (subscription)A top Federal Deposit Insurance Corp. official said the agency could have moved more quickly to find a buyer for Silicon Valley Bank …

Axios, Apr. 12, 2023–Emily Peck, Matt PhillipsUnder the hood, the situation is more nuanced, as detailed in two reports from the Mortgage Bankers Association and Moody’s Analytics.https://www.axios.com/newsletters/axios-markets-9b83697b-1f47-4ada-87a6-3561a2519a13.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosmarkets&stream=business

U.S. News & World Report, Apr. 12, 2023–Erika GiovanettiA U.S. News survey found that 66% of Americans who plan to buy a home this year want to wait until mortgage …

CNBC, Apr. 12, 2023–Diana OlickThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.30% from 6.40%, with points decreasing to 0.55 …

National Mortgage News, Apr. 11, 2023–Jim Dobbs (subscription)Credit conditions are bound to weaken in the second quarter and beyond as the economy slows and fallout from the recent banking crisis …

Bloomberg, Apr. 11, 2023–Christopher Condon, Viktoria DendrinouUS Treasury Secretary Janet Yellen shrugged off recent banking spasms to declare the economy better off than six months ago, saying she didn’t believe …

HousingWire, Apr. 11, 2023–Connie KimThe Federal Trade Commission opened a new front in the fight against Intercontinental Exchange‘s planned acquisition of Black Knight.https://www.housingwire.com/articles/ftc-wants-a-temporary-pause-on-ices-acquisition-of-black-knight/

Wall Street Journal, Apr. 11, 2023–Will Parker, Konrad Putzier (subscription)Applesway, an apartment-building investor, lost four Houston complexes to foreclosure last week, the latest sign that surging interest rates are beginning …

National Mortgage Professional, Apr. 11, 2023–David KrechevskyAvailability of mortgage credit improved a bit in March, but credit remained at its tightest levels in 10 years, the Mortgage Bankers Association said …

The Hill, Apr. 11, 2023–Sharon UdasinThe governor, together with state Attorney General Rob Bonta (D), filed a motion to amend a March lawsuit against Huntington Beach, with the goal of …