CNBC, Oct. 12, 2022–Diana OlickTotal mortgage application volume dropped 2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index, a consequence of surging …
Category: Top National News
Home Point Cancels Credit Suisse Repo Line
Inside Mortgage Finance, Oct. 12, 2022–Paul MuoloHome Point Financial Corp., after the bell Tuesday, disclosed it terminated a master repurchase agreement and securities contract it had with Credit Suisse First …
Office to Multifamily: Fact or Fiction?
Multi-Housing News, Oct. 12, 2022–Lew SichelmanIs the transformation of commercial office buildings to multifamily residences hype or hard news? “Some lenders are getting their hands around their problems and the …
The Rise of the Single-Family Home
The Daily (New York Times podcast), Oct. 11, 2022–Sabrina TaverniseTo tackle its critical shortage of affordable housing, California has taken aim at a central tenet of the American dream: the …
What Institutional Investors Are Targeting in Current CRE Allocations
Wealth Management Real Estate, Oct 12, 2022–Beth Mattson-TeigInstitutional investors favor multifamily and industrial, but they are investing across the spectrum of risk profiles and showing an interest in non-gateway markets …
One-Third Vacant, Massachusetts Mall Shows Why Regional Operators Are in a Bind
Wall Street Journal, Oct. 12, 2022–Kate King (subscription)The only mall in former manufacturing town North Attleborough, Mass. recently sold for a fraction of its value only a decade earlier, another …
How Rising Mortgage Rates are Pushing People Back into the Rental Market
The Hill, Oct. 11, 2022–Adam BarnesIn-place rents — where renters are already in a lease — are the focus of the Fed’s inflation measures rather than asking rents, said Jamie …
Biden Labor Proposal Shakes Up Gig Economy that Relies on Contractors
Reuters, Oct. 11, 2022–Daniel Wiessner, Nandita Bose, David ShepardsonThe U.S. Department of Labor proposed a rule on Tuesday that would make it more difficult for companies to treat workers as …
Home Flippers Get Burned by US Housing Market’s Sudden Slump
Bloomberg, Oct. 11, 2022–Prashant GopalAfter an abrupt end to the US housing boom, home flippers who were winning big just months ago are now racing to stem losses. Doubling of …
Triple Blow for Renters
Mortgage Professional America, Oct. 11, 2022–Richard TorneHigher rental prices are expected to continue until next year, mostly due to the fact that demand for rental properties has soared, as many …