New York Times, Apr. 10, 2023–Jenna SmialekEconomists are watching for the aftereffects of recent bank collapses across many industries. How bad could it get?https://www.nytimes.com/2023/04/10/business/economy/bank-economy-credit-crunch.html?
Category: Top National News
Home Point a Casualty of Industry Economics, Analysts Say
National Mortgage News, Apr. 10, 2023–Brad Finkelstein (subscription)Last May, Home Point Capital President and CEO Willie Newman emphasized that the company was doubling down on its commitment to the wholesale …
Falling Mortgage Rates Offer Little Relief for Home Buyers
The Hill, Apr. 10, 2023–Adam BarnesSales of previously occupied U.S. homes fell in September for the eighth month in a row, though the decline was the most modest yet since …
The Credit Crunch the Fed Fears May Already Be Taking Shape
Reuters, Apr. 10, 2023–Howard SchneiderAfter a year of racing along a virtually unfettered path to higher interest rates, the Federal Reserve is facing its first significant pothole as the decisions …
American Offices are Half-Empty. That Could be the Next Big Risk for Banks
CNN, Apr. 10, 2023–Julia HorowitzInvestors and regulators, on high alert for signs of trouble in the financial system following recent bank failures, are now homing in on the downturn in …
High Demand For Upscale Hospitality Real Estate Despite Inflation
Forbes, Apr. 10, 2023–Roger SandsDespite a down economy and rising interest rates, a few bright spots remain within the luxury real estate and travel industries. Sales of high-ed branded hotel …
Depressed NYC Real Estate Prices Yield Bonanza for Savvy Investors
Mortgage Professional America, Apr. 10, 2023–Tony CantuSelect asset classes in New York City’s commercial real estate market are experiencing a decline in prices – reaching levels last seen in 2009, …
N.Y. Fed Survey: Consumers Say It’s Harder To Get Credit
National Mortgage Professional, Apr. 10, 2023–David KrechevskyThe Federal Reserve Bank of New York’s Center for Microeconomic Data on Monday released its March 2023 Survey of Consumer Expectations (SCE), which showed …
A Bright Spot: Non-Agency MBS Issuance in 1Q23. However…
Inside Mortgage Finance, Apr. 10, 2023–Brandon IveyIssuance of non-agency mortgage-backed securities bounced back in the first quarter after a rough end to 2022, according to a new ranking and analysis …
A Bright Spot: Non-Agency MBS Issuance in 1Q23. However…
Inside Mortgage Finance, Apr. 10, 2023–Brandon IveyIssuance of non-agency mortgage-backed securities bounced back in the first quarter after a rough end to 2022, according to a new ranking and analysis …