NPR, March 13, 2023–Jennifer LuddenYears of homeowner horror stories and a growing body of research has cast a harsh light on how frequently racial bias can skew home appraisals. It’s …
Category: Top National News
Mortgage Lock Units Higher in February
National Mortgage News, March 13, 2023–Brad Finkelstein (subscription)Mortgage rate locks by dollar volume increased month-to-month in February, even as the number of units dropped, a sign that high home prices …
Jumbo Lender FRB Gets Assistance From the Fed, JPM; Stock Clocked
Inside Mortgage Finance, Mar. 13, 2023–Paul MuoloFirst Republic Bank — the nation’s fourth-largest non-agency jumbo lender — Sunday night disclosed it had “further enhanced and diversified its financial position through …
Three Houses Collapsed Into the Sea. Now, Homeowners in This N.C. Beach Town are Retreating.
Washington Post, March 13, 2023–Brady DennisEarly last year, a house crumbled into the sea in the small Outer Banks community of Rodanthe, N.C., home to some of the most rapid …
REIT Performance Stays Solid with 10% Y-O-Y Rise in FFO
Connect CRE, March 13, 2023–Paul BubnyREITs’ operations remained solid in the fourth quarter of 2022 with year-over-year increases in funds from operations (FFO) and NOI as they continue to navigate …
Three Million U.S. Households Making Over $150,000 Are Still Renting
Wall Street Journal, Mar. 13, 2023–Will Parker (subscription)Lee Robbins, a 36-year-old accountant, left Indiana for central Florida five years ago in search of sun and a six-figure job. He found …
New Bill Calls for Restoring Mortgage Insurance Tax Deduction
National Mortgage News, Mar. 10, 2023–Brad Finkelstein (subscription)The move has broad support in the mortgage, banking and housing industries; signatories to a November letter sent to Senate Committee on Finance …
‘Compounding Challenges’ for Homebuyers as Rising Mortgage Rates Aggravate Shortage of 6.5 Million Homes…
Yahoo!Finance, Mar. 11, 2023–Serah LouisDespite the challenging conditions, demand for mortgages climbed 7.4% from last week, according to the Mortgage Bankers Association. Refinance activity also increased by 9%.https://finance.yahoo.com/news/compounding-challenges-homebuyers-rising-mortgage-150000196.html
Republicans Take Aim At CFPB
National Mortgage Professional, Mar. 10, 2023–Mike SavianoCongressional Republicans are setting their sights on the Consumer Financial Protection Bureau, laying out a series of proposals aimed at completely revamping the agency’s …
Silicon Valley Bank Collapses Following Run on Deposits
Wall Street Journal, Mar. 10, 2023–Rachel Louise Ensign, Corrie Driebusch, Dana Cimilluca (subscription)Silicon Valley Bank collapsed Friday in the second-biggest bank failure in U.S. history after a run on deposits …