HousingWire, Mar. 23, 2023–Bill ConroyThe ongoing tumult in the banking industry brought to light by the recent failures of Silicon Valley Bank and Signature Bank — the second and third …
Category: Top National News
U.S. 2nd Circuit Appeals Court Rules CFPB Constitutional
National Mortgage Professional, Mar. 23, 2023–David KrechevskyIn a ruling issued Thursday, a three-judge panel of the U.S. Court of Appeals for the Second Circuit ruled that the Consumer Financial Protection …
Average Long-Term U.S. Mortgage Rate Falls to 6.42% This Week
Associated Press, Mar. 23, 2023–Matt OttThe average long-term U.S. mortgage fell for the second straight week which, combined with moderating home prices, could give house hunters a break and the …
Which Were the Top Commercial/Multifamily Originators in 2022?
Mortgage Professional America, Mar. 23, 2023–Candyd MendozaMBA Wednesday released its annual origination volumes report of 148 commercial and multifamily mortgage firms, their 2022 volumes, and their roles in the industry.https://www.mpamag.com/us/specialty/commercial/which-were-the-top-commercialmultifamily-originators-in-2022/440544
Commercial Property Risks Rise Up Bank Investors’ Worry List
Financial Times, Mar. 23, 2023–Jennifer Hughes, Harriet Clarfelt, Joshua Chaffin (subscription)Commercial property loans are joining deposit flight and bond portfolios as the biggest perceived risk for U.S. banks as rattled …
FHFA Sets Timeline for Credit Score and Reporting Updates
National Mortgage News, Mar. 23, 2023–Bonnie Sinnock (subscription)The Federal Housing Finance Agency released some future milestone dates for a process that would update consumer credit measures used in mortgage underwriting, …
Real Estate Reprieve Continues as Mortgage Rates Keep Falling
Fox Business, Mar. 23, 2023–Jay SpoehelMansion Global host Katrina Campins discusses the mortgage rate roller coaster and the impact of Silicon Valley Bank’s closure on the real estate market.https://www.foxbusiness.com/real-estate/real-estate-reprieve-continues-mortgage-rates-keep-falling
Virginia is for YIMBYs: The Pro-Housing Movement Spreading Across the Commonwealth
Greater Greater Washington, Mar. 23, 2023–Wyatt GordonWednesday evening, the Arlington County Board approved a zoning change that will allow buildings with four and in some cases six units countywide. The …
CRE Sizes Up Fed’s Latest Rate Hike
Commercial Property Executive, March 23, 2023–Gabriel FrankThe broad consensus is that the Fed’s recently announced interest rate hike will add to as opposed to create new financing difficulties. There is …
The Real Estate Bust America’s Suburbs Need
Bloomberg, Mar. 23, 2023–Conor SenIn all the banking turmoil of the past two weeks, the commercial real estate market has come into focus as another at-risk sector stressed by high …