U.S. News & World Report, Jan. 23, 2023–Erika GiovanettiMortgage rates declined across the board this week, with the average fixed rate on a 30-year mortgage falling to 6.46%. This is …
Category: Top National News
The Biden Administration is Finally Ready to Show Teeth on Housing Discrimination
Vox, Jan. 23, 2023–Rachel M. CohenFor 55 years, the Fair Housing Act has required communities to certify they are working to reduce government-sponsored segregation. But for decades, HUD did little …
How ChatGPT Could Change Commercial Real Estate
The Real Deal, Jan. 23, 2023–Pat RalphFilippo Incorvaia doesn’t know much about poultry. He’s a real estate broker, not a farmer. To help a commercial client identify a possible warehouse …
As Thousands Fall Behind on Rent, Public Housing Faces ‘Disaster’
New York Times, Jan. 23, 2023–Mihir ZaveriThe New York City Housing Authority collected just 65 percent of the rent it charged in the 12 months leading up to December, the …
The Final Tally: A Stunning $1.1 Trillion of MSRs Changed Hands Last Year
Inside Mortgage Finance, Jan. 23, 2023–John Bancroft (subscription)The torrid pace of servicing sales slowed a bit in the fourth quarter as pending transfers were settled and the coissuance market slumped. …
Nationwide Rent Control?
Wall Street Journal opinion page, Jan. 22, 2023–The WSJ Editorial BoardDemocrats in Congress are pressing the President to impose rent control nationwide. Fifty Democrats in Congress last week sent a …
Aurora Seeks Third Extension to Deadline for Merger with Better.com
HousingWire, Jan. 20, 2023–Connie KimIf the extension proposal is not approved and two firms don’t complete the merger by March, it will cease all operations: Aurorahttps://www.housingwire.com/articles/aurora-seeks-third-extension-to-deadline-for-merger-with-better-com/
ICE-Black Knight Deal Likely to Go Through, Analysts Say
National Mortgage News, Jan. 20, 2023–Brad Finkelstein (subscription)Regulatory obstacles are not likely to derail Intercontinental Exchange’s purchase of Black Knight, analysts at Keefe, Bruyette and Woods said following a conversation …
Fed Sets Course for Milder Interest-Rate Rise in February
Wall Street Journal, Jan. 22, 2023–Nick Timiraos (subscription)Federal Reserve officials are preparing to slow interest-rate increases for the second straight meeting and debate how much higher to raise them after …
Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports
MortgageOrb, Jan. 20, 2023–Ariana FineThe median U.S. home-sale price increased 0.9% from a year earlier to $350,250 during the four weeks ending January 15, the biggest increase in a month, …