Wall Street Journal, Mar. 30, 2023–Paul Overberg, John McCormick, Max Rust (subscription)Big cities lost fewer residents last year as more immigrants moved in, fewer people died and more babies were …
Category: Top National News
Average Long-Term Mortgage Rate at Lowest Level in Six Weeks
Associated Press, Mar. 30, 2023–Matt OttMortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell for the third straight week, to 6.32%, from 6.42% last …
Fair Lending Director Says CFPB Undeterred by Townstone Defeat
Inside Mortgage Finance, Mar. 30, 2023–Sam ManasThe Consumer Financial Protection Bureau plans on bringing fair lending cases involving prospective applicants for mortgages even though the agency recently suffered a significant …
Americans are Returning to Cities After Remote-Work Exodus, Data Shows
Washington Post, Mar. 30, 2023–Tara BahrampourThe exodus of people fleeing large urban areas during the height of the pandemic appears to be reversing, according to data from the Census Bureau …
Scarcer Debt for CRE Under Scrutiny
CommercialSearch, March 30, 2023–Fotios TsarouhisThe aftershocks of March’s financial tumult, from the collapse of Silicon Valley Bank and Signature Bank, to the regulator-arranged proposed takeover of Credit Suisse by UBS, …
How Much Strain Is the Commercial Real Estate Market Showing? It’s a Complex Issue.
Wealth Management Real Estate, Mar. 30, 2023–Elaine MisonzhnikMSCI’s Jim Costello and Alexis Maltin warn that while a failure on the scale of the Great Financial Crisis is unlikely, there are …
Kind Lending Looks to Rehire Laid Off Employees
National Mortgage News, Mar. 29, 2023–Maria Volkova (subscription)Kind Lending, a multichannel lender based in Santa Ana, California, announced in mid-March that former employees impacted by personnel reductions in 2022 will …
FDIC Faces $23 Billion in Costs From Bank Failures. It Wants Big Banks to Pay
Bloomberg, Mar. 29, 2023–Katherine Doherty, Hannah Levitt, Katanga JohnsonThe Federal Deposit Insurance Corp., facing almost $23 billion in costs from recent bank failures, is considering steering a larger-than-usual portion of …
Fidelity National Financial To Pay N.Y. $3.5M, End ‘No-Poach’ Deals
National Mortgage Professional, Mar. 29, 2023–David KrechevskyNew York Attorney General Letitia James said Wednesday the agreement was the result of an investigation by her office that discovered that Fidelity and …
White House to Call for New Midsize Bank Rules After SVB, Signature Failures
Wall Street Journal, Mar. 29, 2023–Andrew Restuccia, Andrew Ackerman, Andrew Duehren (subscription)The White House is planning as soon as this week to recommend tougher rules for midsize banks, according to …