Wall Street Journal, Nov. 15, 2022–Kate King (subscription)A new boutique condominium in Manhattan’s exclusive Greenwich Village neighborhood sold nearly all its units in 10 days, the project’s developers said, a …
Category: Top National News
Total Household Debt Reaches $16.51 Trillion in Q3 2022; Mortgage and Auto Loan Originations Decline
Federal Reserve of New York, Nov. 15, 2022The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit . The …
Mortgage Credit Decreases for the 8th Straight Month
National Mortgage News, Nov. 15, 2022–Spencer Lee (subscription)After decreasing to a nine-year low in September, mortgage credit availability inched down further last month, even as government-backed products saw a slight …
Student Loan Debt A Barrier To Black Homeownership
National Mortgage Professional, Nov. 15, 2022–Katie JensenAaccording to new research from the Urban Institute, while plenty of homebuyers have student loan debt, less access to generational wealth among young Black …
Prime RMBS Market Flops in 3Q22: Just Five Deals Issued
Inside Mortgage Finance, Nov. 15, 2022–John BancroftSoaring interest rates and instability in financial markets nearly flattened the prime non-agency mortgage-backed securities sector in the third quarter. Overall, a measly $1.86 …
CRE Made Limited Progress on Diversity In 2022. Advocates Worry Momentum Is Waning
Bisnow, Nov. 15, 2022–Olivia Lueckemeyer, Dees Stribling, Bianca Barragán, Joseph GordonThe upper echelon of commercial real estate is only slightly more diverse this year than last, as some of the …
White House Taps Gruenberg for FDIC Chair
American Banker, Nov. 14, 2022–Claire Williams (subscription)he White House has said it will nominate Martin Gruenberg to serve as chairman of the Federal Deposit Insurance Corp. Gruenberg has been acting …
Mortgage Rates Are High Because Nobody Is Buying Mortgages
Wall Street Journal, Nov. 15, 2022–Ben Eisen (subscription)Banks went on a mortgage-bond buying spree last year, but now they are stepping back from the market.https://www.wsj.com/articles/mortgage-rates-are-high-because-nobody-is-buying-mortgages-11668460705
Title Company Earnings Down Across the Board in 3Q
National Mortgage News, Nov. 14, 2022–Brad Finkelstein (subscription)Lower margins at the nation’s publicly traded title insurers took a bite out of third quarter profitability. The combination of less business — …
Amazon to Lay Off Thousands of Employees
Reuters, Nov. 14, 2022–Jeffrey DastinAmazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on …