Reuters, Mar. 8, 2023–Howard Schneider, Lindsay DunsmuirFederal Reserve Chair Jerome Powell on Wednesday reaffirmed his message of higher and potentially faster interest rate hikes, but emphasized that debate was still …
Category: Top National News
US Economy Got a Strong Start in 2023, Fed’s Beige Book Says
Bloomberg, Mar. 8, 2023–Catarina SaraivaThe economy proved resilient to start the new year, marked by steady consumer spending and stabilizing manufacturing activity, contacts surveyed in the Federal Reserve’s latest Beige …
There’s a Silver Lining for Mortgage Companies in a Bleak Market
Wall Street Journal, Mar. 8, 2023–Telis Demos (subscription)Home-loan originators are facing a tough environment, but some players could be seeing better profitability on mortgages.https://www.wsj.com/articles/theres-a-silver-lining-for-mortgage-companies-in-a-bleak-market-8f29629c?mod=business_minor_pos10
Why Self Storage Is The Exception to the Rule
Multi-Housing News, Mar, 8, 2023–Tom DaoComing out of this year’s annual 2023 Mortgage Bankers Association Commercial Real Estate Finance conference in February, it is now clearly seen as one of …
Mortgage Demand Recovers Despite Rising Interest Rates
CNBC, Mar. 8, 2023–Diana OlickAfter dropping to a 28-year low the previous week, mortgage demand recovered slightly, even though interest rates marched higher. Total mortgage application volume rose 7.4% last …
How Many Servicing-Related Bills Are Out There? About 500
Inside Mortgage Finance, Mar. 9, 2023–Sam ManasState lawmakers from coast to coast are working on a plethora of bills aimed at the business of servicing residential loans, according to a …
Women’s Return to the Workforce Piles Momentum on a Hot Economy
Wall Street Journal, Mar. 8, 2023–Sarah Chaney Cambon, Laura Weber (subscription)Women have gained more jobs than men for four straight months, including in January’s hiring surge, pushing them to hold …
FHA to Greenlight Standalone 40-Year Modification
National Mortgage News, Mar. 7, 2023–Bonnie Sinnock (subscription)Under the policy change, which follows a public notice and comment period last year, borrowers will be able to get a so-called stand-alone …
Where Are the Women in Investment Sales?
Commercial Observer, March 7, 2023–David LevittWomen in commercial real estate, especially in New York, have made great strides, but in one niche of the industry they are in danger of …
Commercial Real Estate Has a ‘Shock Coming’ as Return-to-Office Plans Fall Short, CEO Says
CNBC, March 7, 2023–Hannah Ward-GlentonThere’s a shock coming for the commercial real estate industry, but the opportunities ahead are huge, according to Mark Dixon, CEO of flexible office company IWG.https://www.cnbc.com/2023/03/07/iwg-ceo-says-commercial-real-estate-has-a-shock-coming.html