Wall Street Journal, Mar. 6, 2023–Akiko Matsuda (subscription)Some hotel owners that rode out the coronavirus pandemic are finding the recent travel rebound might not be enough to persuade lenders to …
Category: Top National News
How Private Mortgage Insurers Plan to Weather 2023 Downturn
National Mortgage News, Mar. 6, 2023–Brad Finkelstein (subscription)The active private mortgage insurers have sufficient capital on hand to meet the requirements to keep their counterparty status with Fannie Mae and …
February, a Tough Month for GSE Loan Sales
Inside Mortgage Finance, Mar. 6, 2023–Dennis HollierResidential lenders securitized $35.4 billion of product through Fannie Mae and Freddie Mac in February, a sequential decline of 26.4% and an ugly year-to-date …
A Rough February Reverses Some 2023 Gains for Publicly Traded REITs
Wealth Management Real Estate, March 6, 2023–David BodamerAfter starting the year on a high note with total returns up more than 10 percent in January, publicly-traded REITs gave back some …
Housing Market Momentum Stalls as Critical Spring Season Approaches
Wall Street Journal, Mar. 6, 2023–Nicole Friedman (subscription)Rising interest rates squeeze affordability, drive mortgage applications to lowest levels in decades. (MBA mention)https://www.wsj.com/articles/housing-market-momentum-stalls-as-critical-spring-season-approaches-651147b1?mod=hp_lead_pos2
Mortgage Rates Will Stay High. Buyers Shouldn’t Bank on a Refinance
Bloomberg, Mar. 4, 2023–Alexis Leondis“Marry the house, date the rate.” That’s the advice realtors and mortgage lenders are giving worried homebuyers as mortgage rates reapproach the two-decade high of 7% …
Last Year’s Homebuyers Watch for Fleeting Chance to Refinance
Yahoo!Finance, Mar. 5, 2023–Gabriella Cruz-MartinezThe latest chance may have passed Dycus by. The average rate on the 30-year fixed mortgage increased to 6.65% this week, according to Freddie Mac, climbing …
Title Revenue Declines by 19% in 2022
HousingWire, Mar. 3, 2023–Brooklee HanTitle industry revenue dropped 19% year over year in 2022, according to data released Thursday by Fitch Ratings. This 19% decline is on a GAAP basis …
FHA May Loosen its Branch Registration Requirements
National Mortgage News, Mar. 3, 2023–Bonnie Sinnock (subscription)The Federal Housing Administration is proposing to scale back the office registration requirement for the mortgage companies making the loans it insures.https://www.nationalmortgagenews.com/news/fha-may-loosen-its-branch-registration-requirements
Redfin: 53% Fewer Affordable Homes For Sale In 2022
National Mortgage Professional, Mar. 3, 2023–David KrechevskyRoughly one in five (21%) U.S. homes for sale in 2022 was affordable for the typical household, down from two in five (40%) and …