Wall Street Journal, Oct. 18, 2022–Rebecca Picciotto (subscription)Construction of prefabricated homes is ramping up and providing an alternative to traditional multifamily, where the construction process has slowed because of rising …
Category: Top National News
U.S. Treasury Proposes Climate Data Collection Rule for Insurers
Reuters, Oct. 18, 2022–David LawderThe U.S. Treasury on Tuesday said it was proposing a new rule to collect data on climate-related risks from property and casualty insurers, one of the …
California Home Sales Drop 30% as Higher Rates Hit Costly Market
Bloomberg Oct. 18, 2022–John GittelsohnCalifornia home sales plunged 30% in September from a year earlier as soaring interest rates held back buyers in the costly state.https://www.bloomberg.com/news/articles/2022-10-18/california-home-sales-drop-30-as-higher-rates-hit-costly-market?srnd=premium
Black Households Have Most to Gain from Inclusion of Rent Payment Data: Report
HousingWire, Oct. 18, 2022–Joe BurnsRacial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank of San Francisco, on Monday released a report that examines how …
Sprout Mortgage Sued for Breaking Post-Closure Agreement
National Mortgage News, Oct. 18, 2022–Andrew Martinez (subscription)FirstFunding, the warehouse lending subsidiary of First American Financial Corp., sued Sprout for breach of contract last week in the U.S. District Court …
How High-Priced Homes Changed the Mortgage Game in 2021
Nerdwallet, Oct. 18, 2022–Elizabeth RenterAnalysis of the 7.1 million mortgage applications filed that year uncovers several markers of the unusual homebuying market: a steep rise in loan amounts, an increase …
Adjustable-Rate Mortgages Are Probably Still a Bad Idea
Yahoo!Life, Oct. 18, 2022–Rachel FairbankAn adjustable-rate mortgage is a gamble that either interest rates will drop in the future, making it possible to refinance at a lower monthly payment, or …
Home Buyers Flock to Florida Cities Devastated by Hurricane Ian
Wall Street Journal, Oct. 18, 2022–Robyn A. Friedman (subscription) Less than a month after Hurricane Ian caused widespread devastation to southwestern Florida, investors and other buyers are scouring for housing …
How the $25B Kroger-Albertsons Merger Could Impact CRE
Commercial Property Executive, Oct. 18, 2022–Jordana RothbergIn light of the proposed blockbuster merger between Kroger and Albertsons Cos. Inc., real estate executives are pondering what the implications could be for …
FHFA to Review Mods, Resolution Plans and Pricing in Fiscal Year 2023
National Mortgage News, Oct. 17, 2022–Bonnie SinnockThe Federal Housing Finance Agency’s performance report for the coming fiscal year calls for it to render decisions related to the completeness of the …