Wall Street Journal, Oct. 19, 2022–Matt Grossman (subscription)Investors are unloading securities sold by Fannie Mae and Freddie Mac that shift the risk of mortgage defaults away from taxpayers, a sign …
Category: Top National News
U.S. Firms More Pessimistic about Economic Outlook, Fed Survey Shows
Reuters, Oct. 19, 2022–Dan BurnsU.S. economic activity expanded modestly in recent weeks, although activity was flat in some regions and declined in a couple of others, the Federal Reserve said …
Inflation Forces Over Half of Americans to Consider Second Jobs
Bloomberg, Oct. 19, 2022–Jo ConstantzAs real wages fall and inflation remains red hot, employees across the income spectrum take on extra shifts, side hustles or second jobs to ease the …
Debt Purchasers Set to Benefit from Consumer Delinquencies: Fitch
HousingWIre, Oct. 19, 2022–Joe BurnsU.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan sales, according to a …
How to Prepare for a Potential Recession in 2023
The Hill, Oct. 19, 2022–Tobias BurnsFor renters and people paying mortgages, there isn’t a whole lot to do besides trying to stay out of an unfriendly market and make do. …
Ally’s Investment in Better.com Mars 3Q Earnings
Inside Mortgage Finance, Oct. 19, 2022–Paul MuoloAlly Financial, which rose from the ashes of the 2008 financial crisis as an online bank, saw its third quarter earnings suffer due to …
Dallas Area Still Leading the Nation in Commercial Property Deals
Dallas News, Oct. 19, 2022–Steve Brown (subscription)While nationwide commercial property transactions are slowing, the Dallas area is still the top market in the country for deals.https://www.dallasnews.com/business/real-estate/2022/10/19/dallas-area-still-leading-the-nation-in-commercial-property-deals/
Slowdown Holds Wide Ramifications for Industry, Walker & Dunlop’s Willy Walker Tells CNBC
CoStar News, Oct. 19, 2022–Tony WilbertBanks have slowed their lending for commercial real estate deals in anticipation of financial instability, and that has greatly affected the industry, Willy Walker, the …
Mortgage Demand Drops to a 25-Year Low, as Interest Rates Climb
CNBC, Oct. 19, 2022–Diana OlickMortgage demand, which has suffered four straight months of declines, fell last week to the lowest level since 1997, as interest rates continued to rise. Homebuyers’ …
How to Prepare for a Potential Recession in 2023
Yahoo News, Oct. 19, 2022–Tobias BurnsMany market watchers are predicting a recession in 2023 as the Fed continues to raise interest rates in its battle against 40-year-high inflation. (MBA mention)https://news.yahoo.com/prepare-potential-recession-2023-100000620.html