National Mortgage Professional, Nov. 8, 2022–David KrechevskyCiting the “dislocation of the fixed-income market” and two increases to the federal funds rate during the quarter, Angel Oak Mortgage Inc. reported its …
Category: Top National News
Top Office Developers Hit the Pause Button on New Projects
Wall Street Journal, Nov. 8, 2022–Peter Grant (subscription)U.S. real-estate developers are delaying major office projects already under way or in the planning stages, discouraged by high vacancy rates and the …
MeridianLink Acquires Mortgage Fintech OpenClose for $65M
HousingWire, Nov. 8, 2022–James KleimannPublicly traded lending software firm MeridianLink has acquired OpenClose, a fintech company that specializes in residential mortgage software platforms for banks, credit unions and mortgage lenders. …
Borrowing Drops 13 Percent for Commercial, Multifamily Originations in Q3
MortgageOrb, Nov. 8, 2022–Ariana FineCommercial and multifamily mortgage loan originations decreased 13% in the third quarter of 2022 compared to the same period last year, according to the Mortgage Bankers …
3Q Results: GSEs Set Aside $4.3B to Cover Declining Home Values
Inside Mortgage Finance, Nov. 8, 2022–Dennis Hollier, Paul MuoloFannie Mae and Freddie Mac reported a reduction in revenue and net income for the third quarter — a reflection of a …
Publicly Traded REITs Posted Gains and Snapped a Losing Streak in October
Wealth Management Real Estate, Nov. 8, 2022–David BodamerPublicly traded REITs have had a rough go of things in 2022, with total returns down more than 25 percent for the FTSE …
Ten Years After Superstorm Sandy, Focus on Climate Change Forecasting Is Mainstream
Urban Land, Nov. 7, 2022–Paul BergeronIt’s been 10 years since the eastern United States experienced Superstorm Sandy, which many in the commercial real estate industry consider a watershed moment in …
Top Office Developers Hit the Pause Button on New Projects
Wall Street Journal, Nov. 8, 2022–Peter Grant (subscription)Real estate developers are delaying major office projects already underway or in the planning stages, discouraged by high vacancy rates and the reduction …
Credit Union Loan Balances Soar Again
Credit Union Times, Nov. 7, 2022–Jim DuPlessisCredit unions continued their pattern of strong loan growth in September, but CUNA Chief Economist Mike Schenk said Monday the growth will fade as …
How Can the Real Estate Industry Become More Resilient? An Expert Explains
World Economic Forum, Nov. 8, 2022–Kalin BrackenClimate risk is probably the most recognized area of resilience for the real estate sector as it has become hard to deny that the …