American Banker, Feb. 28, 2023–Kate Berry, Frank Gargano (subscription)The CFPB said it was “pleased” that the Supreme Court had decided on Monday to take a case about the constitutionality of …
Category: Top National News
Rocket Has $493M Loss in 4Q, Teases Homeownership Credit Card Rewards
National Mortgage News, Feb. 28, 2023–Brad Finkelstein (subscription)Rocket Cos. lost $493 million in the fourth quarter, but management emphasized its long term goals and its recent expense reductions while also …
Turning Malls into Neighborhoods
Urban Land magazine, Feb. 28, 2023–Patrick J. KigerFrom apartment buildings rising in shopping center parking lots to the redevelopment of dead mall sites as housing, retail-to-residential conversions are an increasing …
More Homebuyers are Paying in Cash, Sweeping a Majority of Sales in Some Markets
National Mortgage News, Feb. 28, 2023–Augusta Saraiva (subscription)The share of all-cash deals rose to the highest since 2013 last year, while institutional investors, who usually account for many cash sales, …
Pimco Is Saddled With a $1.7 Billion Default in Office-Market Meltdown
Wall Street Journal, Feb. 28, 2023–Peter Grant, Konrad Putzier (subscription)Columbia Property Trust feels the fallout of rising interest rates.https://www.wsj.com/articles/pimco-is-saddled-with-a-1-7-billion-default-in-office-market-meltdown-79dcb6fc?mod=hp_major_pos1#cxrecs_s
Lower Mortgage Rates are Helping the Housing Market Recover: Redfin
Fox Business, Feb. 28, 2023–Javier Simon“Homebuyers are starting to feel more confident as mortgage rates tick down closer to 6% than 7% and the overall economy chugs along with surprising …
House Approves Remote Online Notarization Bill
National Mortgage Professional, Feb. 28, 2023–David KrechevskyGiven the deep, partisan division in the House, the quick approval of the legislation was welcomed by its supporters, which include the American Land …
FHA, VA Endorsements Hit Four-Year Low
Inside Mortgage Finance, Feb. 28, 2023–Andras MalatinszkyOriginations of FHA and VA loans fell for the seventh straight quarter in the final months of 2022, to their lowest level since the …
Net Lease Will Likely Rebound Faster From Economic Slump
GlobeSt.com, Feb. 28, 2023–Holly Johnson AmayaThe Fed’s recent string of rate hikes have led to tough times for commercial real estate investors, even for the relatively stable net lease sector.https://www.globest.com/2023/02/23/net-lease-will-likely-rebound-faster-from-economic-slump/?
Feds Looking to Block $13 Billion Mortgage Software Deal
Politico, Feb. 27, 2023–John SiscoThe Federal Trade Commission is expected to challenge the $13 billion takeover of mortgage data company Black Knight by financial services giant Intercontinental Exchange, according to …