New York Times, Mar. 18, 2023–Debra KaminHis allegations of discrimination mirror those of other Black property owners around the country who say that appraisers who are white are using their …
Category: Top National News
Biden Calls for Tougher Punishments for Executives of Failed Banks
American Banker, Mar. 17, 2023–Claire Williams (subscription)President Biden called on Congress to pass a number of measures that would expand the Federal Deposit Insurance Corp.’s ability to punish the executives …
Lower Interest Rates Fuel California Home Sales to a Five-Month High
Mortgage Professional America, Mar. 17, 2023–Miko PadaduanIn a positive sign for the California real estate market, home sales in the state rose to an annualized rate of over 250,000 for …
Mortgage Execs Confident in Warehouse Lines Amid Bank Turmoil
National Mortgage News, Mar. 17, 2023–Andrew Martinez (subscription)The failures of Signature Bank and Silicon Valley Bank have already rocked mortgage rates but aren’t expected to rattle warehouse lines of credit …
Fear of Layoffs Is Changing How People Buy Homes
Wall Street Journal, Mar. 17, 2023–Veronica Dagher (subscription)More home buyers are putting an unusual escape clause into their contracts: If they lose their job before closing, they can back out …
Home Prices Fell Annually for the First Time Since 2021…
Yahoo!Finance, Mar. 17, 2023–Filip De MottHome prices dropped on a year-over-year basis in February, the first time that’s happened since 2012, but fresh demand in recent weeks may already be …
As Banks Retreat from MBS, Other Investors Step Up
Inside Mortgage Finance, Mar. 17, 2023–John BancroftThe slowdown in the residential MBS market comes at a good time as the biggest investors have begun to pull back.https://www.insidemortgagefinance.com/articles/227293-as-banks-retreat-from-mbs-other-investors-step-up?v=preview
Multifamily Plays the Rent Growth Waiting Game
GlobeSt.com, March 17, 2023–Erik ShermanThe pandemic set off an unusual time in multifamily. Rents drove upward, responding to increased prices, and things moved very fast. But with the shifts of …
Small Banks’ Big Problem: Too Many Commercial Real Estate Loans
Barrons, March 17, 2023–Randall W. ForsythFor now, steps by the Treasury, the Fed, and the megabanks to shore up smaller banks and stop the deposit hemorrhages have staved off a …
The Key To Beating Housing Inflation Isn’t Gimmicks, But More Housing
Forbes, March 17, 2023–Roger ValdezWhat is needed in Washington, and all across the country, is an end to zoning all together. Zoning does nothing but add more rules and limits …