GlobeSt.com, Mar. 24, 2023–Jack RogersIn a tie vote of 2-2–with one abstention–the Los Angeles County Board of Supervisors rejected an extension of rent protections for another year and an expansion …
Category: Top National News
Commercial Real Estate is in Trouble. A Banking Crisis Will Make it Worse.
Yahoo News, Mar. 24, 2023–Dani RomeroIf there is anything commercial real estate owners don’t need right now, it’s a banking crisis.https://finance.yahoo.com/news/commercial-real-estate-is-in-trouble-a-banking-crisis-will-make-it-worse-135630056.html
Democrats, Worried About Job Losses, Push Back on More Fed Rate Hikes
The Hill, Mar. 24, 2023–Alexander BoltonSen. Elizabeth Warren (D-Mass.) is warning fellow Senate Democrats that two million Americans would lose their jobs if the Fed is successful in reaching its …
Tips on Renting an Apartment
The Housing Scene (UExpress), Mar. 24, 2023–Lew SichelmanYou’ve undoubtedly heard of the plight of the nation’s youngest congressman, 26-year-old Rep. Maxwell Frost of Florida, who was denied an apartment lease …
Three Case Studies For More Affordable, Scalable Housing
Forbes, Mar. 24, 2023–Jennifer CastensonThe lack of affordable housing options around the world is driving more interest in innovative concepts that can rethink design and process in ways that will …
CFPB Orders Portfolio Recovery Associates to Pay $24 Million
American Banker, Mar. 23, 2023–Kate Berry (subscription)Portfolio Recovery Associates, one of the largest debt collectors in the nation, has agreed to pay $12 million to consumers and a $12 million …
House Fails to Override Biden’s First Veto
The Hill, Mar. 23, 2023–Rachel Frazin, Mychael SchnellThe Republican-led House on Thursday failed to override President Biden’s first veto, falling short of the two-thirds majority needed to revive the resolution …
UWM, loanDepot Update Financing Arrangements
National Mortgage News, Mar. 23, 2023–Maria Volkova (subscription)LoanDepot offloaded its master repurchase agreement from recently embattled Credit Suisse to Atlas Securitized Products, which in 2022 bought a significant portion of …
Homebuyers Who Want a Low Rate Can Assume the Sellers’ FHA Mortgage
Orange County Register, Mar. 23, 2023–Jeff LazersonFHA mortgages have always been assumable to qualified buyers. But why take on an assumable FHA mortgage if a new mortgage is cheaper, and …
Second-Lien Lending Peaked in 3Q22 but Had Strong Full-Year Showing
Inside Mortgage Finance, Mar. 23, 2023–Originations of home-equity loans jumped a phenomenal 49.1% in 2022, but the market peaked in the third quarter and ended with a quarterly decline in …