Pensions & Investments magazine, Oct. 4, 2022–Arleen JacobiusOffice has morphed from a sector that once made up a third or more of real estate managers’ portfolios to one that real …
Category: Top National News
Mortgage Mayhem Sparks Fears of a Housing Market Crash in Britain
CNBC, Oct. 4, 2022–Elliot SmithThere are growing fears of a housing market crash in the U.K. after a swathe of tax cuts announced by the government sent interest rate expectations …
Mortgage Rates Rise to 6.7%, Continuing Upward Streak
U.S. News & World Report, Oct. 3, 2022–Erika GiovanettiMortgage rates have surged for the sixth consecutive week. The average rate on a 30-year fixed mortgage rose more than a percentage …
NYC Offices to See $50 Billion in Value Wiped Out, Study Says
Bloomberg, Oct. 3, 2022–Lizzie KaneNew York office buildings are facing a potential $50 billion wipeout of value thanks in part to remote work. The values of those properties declined nearly …
Two Rocket Executives Announce Retirements
HousingWire, Oct. 3, 2022–James KleimannRocket Companies, the parent company of America’s largest mortgage lender, announced that longtime Chief Financial Officer Julie Booth and General Counsel Angelo Vitale are retiring.https://www.housingwire.com/articles/two-rocket-executives-announce-retirements/
Why Ginnie Mae’s Capital Rules Have Remained a Sticking Point for Some
National Mortgage News, Oct. 3, 2022–Bonnie Sinnock (subscription)While broader counterparty rules were recently reworked in consultation with the industry, questions persist regarding one subset from the government bond insurer.https://www.nationalmortgagenews.com/list/why-ginnie-maes-capital-rules-have-remained-a-sticking-point-for-some
loanDepot Again Reduces Funding Capacity By $500M
National Mortgage Professional, Oct. 3, 2022–David KrechevskyFor the second time in two months, loanDepot has told federal regulators it is reducing its funding capacity by $500 million. In a filing …
Home Builders Offer to Sell Homes in Bulk at Discount to Investors
Wall Street Journal, Oct. 3, 2022–Will Parker (subscription)As mortgage rates hit a 15-year high and individual buyers back away, builders look to unload both planned and completed homes.https://www.wsj.com/articles/home-builders-offer-to-sell-homes-in-bulk-at-discount-to-investors-11664789404?mod=lead_feature_below_a_pos1
Latino Homebuyers Hit Especially Hard with Housing’s ‘Affordability Crisis’
Yahoo! Finance, Oct. 3, 2022–Dani RomeroAs mortgage rates rise and home prices remain high, homebuyers are increasingly pushed out of the housing market. Latinos buyers are among those especially hit …
MBA Projects 14 Percent Fall From 2021 for Commercial, Multifamily Mortgage Borrowing
MortgageOrb, Oct. 3, 2022–Ariana FineThe Mortgage Bankers Association’s updated baseline forecast shows that total commercial and multifamily mortgage borrowing and lending is expected to fall to $766 billion this year, …