CNBC, Apr. 5, 2023–Diana OlickMortgage applications to purchase a home dropped 4% last week compared with the previous week, the Mortgage Bankers Association reported.https://www.cnbc.com/2023/04/05/lack-of-home-listings-is-taking-a-toll-on-mortgage-demand.html
Category: Top National News
FHFA Ups the Ante on Equitable Housing Goals
National Mortgage News, Apr. 05, 2023–Bonnie Sinnock (subscription)The Federal Housing Finance Agency has expanded the scope of roadmaps government-sponsored enterprises have drawn up with the aim of closing the racial …
Mortgage Sales by Banks Outpace Production
Inside Mortgage Finance, Apr. 5, 2023–Brandon Ivey (subscription)Banks and thrifts sold more mortgages during the fourth quarter of 2022 than they originated during the quarter, according to a new Inside …
Inside Blend’s High Stakes Transformation
HousingWire, Apr. 5, 2023–Connie KimWhen prospective clients operate in highly regulated financial markets, enterprise sales don’t come easy. Blend co-founder and CEO Nima Ghamsari knows this perhaps better than anyone.https://www.housingwire.com/articles/inside-blends-high-stakes-transformation/?
Berkadia’s Russ Hardy on Single-Family Rentals
ConnectCRE, Apr. 5, 2023The momentum is hardly letting up for single-family rental/build-for-rent, the current financing headwinds notwithstanding. Connect CRE spoke with Russ Hardy, Managing Director with Berkadia, for insights into …
‘We’re Prisoners’: 3% Mortgage Rates are a Blessing—And a Curse
Fortune, Apr. 5, 2023–Alena BotrosSome homeowners, who locked in historically low rates during the pandemic, are now feeling trapped, or as one homeowner tells Fortune: “we’re prisoners.” They’d like to …
Millennials are Desperate to Buy a Home — But Cash-Flush Boomers are Standing in Their Way
Business Insider, Apr. 5, 2023–James RodriguezMillennials have never had it easy in the housing market–a mountain of student debt, a widespread housing shortage and stiff competition from their deep-pocketed elders …
Manhattan Real Estate Sales Plunge 38%, But Cash Deals Hit All-Time Record
CNBC, Apr. 4, 2023–Robert FrankManhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile. Overall, cash deals rose …
New Florida Bill Strives to Increase Affordable Housing Supply
GlobeSt.com, Apr. 4, 2023–Barbara BallingerFlorida faces an acute affordable housing crisis. A bill signed into law last week aims to ease this shortage through several strategies, but it will also …
Housing Expert: ‘Mortgage Rates are Becoming Much Better’
Yahoo Finance, April 4, 2023–Dylan CrollMortgage rates have declined for three weeks in a row, giving homebuyers a bigger opportunity to purchase a house, according to one housing expert.https://finance.yahoo.com/news/housing-expert-mortgage-rates-are-becoming-much-better-155919529.html