Barrons, Apr. 10, 2023–Shaina Mishkin (subscription)Housing costs—both the cost of buying or renting—climbed earlier in the pandemic. While data show that prices in both categories have cooled in recent months, …
Category: Top National News
Publicly Traded REITs Tread Water in March; Remain Up for the Year
Wealth Management Real Estate, Apr. 10, 2023–David BodamerDespite some clamor about the state of real estate financing, mortgage REIT balance sheets remain in good shape.https://www.wealthmanagement.com/reits/publicly-traded-reits-tread-water-march-remain-year?
The Coming Commercial Real Estate Crash That May Never Happen
CNBC, Apr. 9, 2023–Tim MullaneyAlmost a quarter of mortgages on office buildings must be refinanced in 2023, according to Mortgage Bankers’ Association data, with higher interest rates than the 3 …
Publicly Traded REITs Tread Water in March; Remain Up for the Year
Wealth Management Real Estate, Apr. 10, 2023–David BodamerDespite some clamor about the state of real estate financing, mortgage REIT balance sheets remain in good shape.https://www.wealthmanagement.com/reits/publicly-traded-reits-tread-water-march-remain-year?
Lenders Lost $301 for Each Mortgage They Made Last Year
Wall Street Journal, Apr. 10, 2023–Ben Eisen (subscription)Banks and mortgage companies lost $301 on average for each loan they originated in 2022, the first year where they took such losses …
A Great Credit Score, but She Can’t Get a Mortgage
New York Times, Apr. 10, 2023–Paula SpanDespite solid financial track records, many older Americans have a hard time refinancing because of their mortality risks and lower retirement incomes.https://www.nytimes.com/2023/04/08/health/mortgage-loan-credit-score-financials.html?
Zillow to Pay $15 Million Settlement in Shareholder Suit
National Mortgage News, Apr. 7, 2023–Andrew Martinez (subscription)A judge has given preliminary approval to a $15 million settlement from Zillow Group to shareholders who sued the firm over a previously …
Buying or Selling a Home? Welcome to the Year of Disappointment
New York Times, Apr. 7, 2023–Ronda KaysenAs the market begins to show signs of emerging from hibernation — home searches are up again! — buyers have been hoping that maybe, …
More than 10% of Recent Homebuyer Loans are Slipping Underwater
National Mortgage News, Apr. 7, 2023–Bonnie Sinnock (subscription)More than 11% of borrowers who took out loans to buy houses last year had properties worth less than the debt on them …
Former Sprout CEO Appeals Illinois License Suspension
National Mortgage Professional, Apr. 7, 2023–Christine StewartFormer Sprout CEO Michael Strauss and his new company, Smart Rate Mortgage, are fighting Illinois regulators after they suspended his mortgage license back in …