Fortune magazine, Oct. 18, 2022–Lance LambertTo better understand where the housing downturn heads next, Fortune reviewed the latest housing market outlook published by Wells Fargo. Let’s take a look.https://fortune.com/2022/10/18/housing-market-downturn-long-way-to-go-wells-fargo-forcast-home-prices-2023-2024/
Category: Top National News
Home-Price Growth Slams the Brakes in Third Quarter
Asset Securitization Report, Oct. 17, 2022–Spencer Lee (subscription)Amid interest rate hikes that have eroded affordability and suppressed demand this year, the pace of annual home-price growth declined for a second …
As Home Prices and Mortgage Rates Stay High, Prospective Buyers Put Down Payments on Ice
Wall Street Journal, Oct. 18, 2022–Veronica Dagher (subscription)Many Americans who spent years socking away enough money for a down payment to buy a house are now waiting on the sidelines …
Delinquency Rates Dropped in Q3 2022 for Commercial, Multifamily Mortgages
MortgageOrb, Oct. 17, 2022–Michael BatesDelinquency rates for mortgages backed by commercial and multifamily properties declined through the third quarter of 2022, according to the Mortgage Bankers Association‘s latest CREF Loan …
Florida Coastal Living Reshaped by Hurricane Housing Codes
Wall Street Journal, Oct. 17, 2022–Arian Campo-Flores, Deborah Acosta (subscription)Many homeowners in southwest Florida towns find it challenging to rebuild. ‘People leave and don’t come back.’https://www.wsj.com/articles/florida-coastal-living-reshaped-by-hurricane-housing-codes-11666019241?mod=hp_lead_pos10
Will Millennials Ever Be Able to Buy a House?
Mortgage Professional America, Oct. 17, 2022–Jonathan RussellTighter lending standards are preventing millennials from entering the housing market. While mortgage rates are low, the standard for lending has tightened significantly since …
Ginnie MBS Issuance Continues to Slope Downward
Inside Mortgage Finance, Oct. 17, 2022–Monica HoganMortgage bankers issued $122.36 billion of Ginnie Mae single-family MBS in the third quarter, a sequential decline of 10.2% and a hefty 39.9% drop …
Why BTR Is Here to Stay
Multi-Housing News, Oct. 14, 2022–Lew SichelmanInvestors who purchase single-family houses to rent may come and go, depending on lending costs and other variables. But those who build houses for rent …
Credit Suisse Pays $495 Mln to Settle Legacy U.S. Case
Reuters, OCt. 17, 2022–John RevillThe lender has been paying out billions of dollars to resolve legal cases linked to its residential mortgage-backed securities business in the run up to the …
US Bank Earnings Revealed Ominous Clues About the Future of the Housing Market
CNN, Oct. 17, 2022–Nicole GoodkindThe largest U.S. banks reported relatively solid third-quarter earnings on Friday. But within those reports, investors found ominous clues about the future of the housing market, …