Wall Street Journal, Oct. 4, 2022–Peter Grant (subscription)Chicago is offering financial help to developers willing to convert aging office towers into residential buildings, a new program that could become a …
Category: Top National News
Retail Real Estate Is Enjoying Its Biggest Revival in Years
Wall Street Journal, Oct. 4, 2022–Kate King (subscription)Bricks-and-mortar store owners are emerging from the pandemic with surprising strength, posting some of their best numbers in years and plotting expansions as …
Survey: Fed’s Inflation Fight Will Take Interest Rates to Highest Since 2007
Bankrate.com, Oct. 5, 2022–Sarah FosterThe Federal Reserve is expected to lift interest rates to the highest level since 2007 in its intense quest to battle the hottest price surge in …
Ginnie Mae Provides Expanded Loan Buyout Authority for Disasters
National Mortgage News, Oct. 04, 2022–Bonnie Sinnock (subscription)Ginnie Mae on Monday gave its securitization issuers expanded authority to buy out loans from securitized pools affected by Hurricane Ian and Hurricane …
Commercial, Multifamily Slowdown: Permanent Problem or Temporary Blip?
Mortgage Professional America, Oct. 4, 2022–Candyd MendozaAfter a strong half-year, commercial and multifamily mortgage transactions are forecasted to fall 14% year over year to $766 billion in 2022, according to …
Higher Rates Mean Smaller Homes
National Mortgage Professional, Oct. 4, 2022–Katie JensenA San Diego homebuyer with a $3,000 monthly budget can afford a 931-square-foot home at today’s 6.7% mortgage rate, down from the 1,366-square-foot home …
Fed Official Says Inflation Fight Will Take Time, Despite Signs of Progress
Wall Street Journal, Oct. 4, 2022–Nick Timiraos (subscription)Bringing inflation down from 40-year highs is likely to take time and will require a slowdown in economic growth and reduced demand for …
Guild Mortgage Has an Appetite for Acquisitions
HousingWire, Oct. 4, 2022–Flávia Furlan NunesDistributed retail lender will be patient and wait for the right opportunity, CEO Mary Ann McGarry says. (MBA mention)https://www.housingwire.com/articles/guild-mortgage-has-an-appetite-for-acquisitions/
At a Discount: Mortgage Underwriter Salaries
Inside Mortgage Finance, Oct. 4, 2022–Paul MuoloDuring the height of the production boom in 2020-2021, mortgage companies were so desperate for experienced underwriters they were raiding the competition, paying referral …
Hurricane Ian’s Impact on CRE Insurance Rates
Commercial Property Executive, Oct. 4, 2022–Jordana RothbergHurricane Ian, hitting Florida on September 28th, has gone down as one of the most destructive storms in U.S. history. High winds, storm surges …