GlobeSt.com, Sept. 30, 2022–Erik ShermanThe Mortgage Bankers Association announced commercial and multifamily mortgage debt jumped by $99.5 billion, or 2.3%, between the first and second quarters of 2022. That was …
Category: Top National News
Foreign Investors Shift Real Estate Strategies as Dollar Strengthens
The Real Deal, Sept. 30, 2022–Harrison ConneryA strong dollar doesn’t mean a weak U.S. real estate market for foreign investors, but it is affecting their decisions.https://therealdeal.com/2022/09/30/foreign-investors-shift-real-estate-strategies-as-dollar-strengthens/
Why Housing Has ‘a Lot of Wiggle Room’ in a Recession, Even if Prices Drop 15%
MarketWatch, Sept 30, 2022–Joy WiltermuthIf home prices fall 15%, $6.5 trillion in household wealth could be wiped out, says Oxford Economics.https://www.morningstar.com/news/marketwatch/20220930487/why-housing-has-a-lot-of-wiggle-room-in-a-recession-even-if-prices-drop-15
Slow Going for Fed’s Real Estate Sales
UExpress, Sept. 30, 2022–Lew SichelmanNow, the Government Accountability Office, the investigative arm of Congress, has called on the government’s property manager to help numerous agencies consolidate their office needs. This …
Appraisers Slam Fannie’s Complaints to Regulators
Inside Mortgage Finance, Sept. 29, 2022–Dennis HollierResidential real estate appraisers in four states told Inside Mortgage Finance this week they were being investigated by their licensing boards following vague, unsigned …
Mortgage Rates Spike Again While Pending Sales Drop And Inventory Levels Rise
ValueWalk, Sept. 29, 2022–Phil HallThis means that for the typical mortgage amount, a borrower who locked-in at the higher end of the range would pay several hundred dollars more than …
30-Year Mortgage Rate Soars to 6.7%, Highest in 15 Yeaars
Orange County Register, Sept. 29, Jeff LazersonRefinance mortgage applications have almost vanished, dropping 84% from a year ago, according to the Mortgage Bankers Association. Purchase applications are down 29% from …
Think Mortgage Rates are High Now? Homebuyers in the 1980s were paying 19%
CNN Business, Sept. 29, 2022–Anna Bahney“Back in the early 1980s, rates were in the mid- to upper-teens,” said Pete [Mills], senior vice president for residential policy at the Mortgage Bankers …
Fannie Mae Appoints Affordable Housing Leader Almodovar as CEO
National Mortgage News, Sept. 29, 2022–Spencer Lee (subscription)With a professional background that includes experience in both real estate and community development, Priscilla Almodovar will begin her tenure on Dec. 5, …
Confused by the New Mortgage Gimmicks? Here’s a Guide
New York Times, Sept. 29, 2022–Tara Siegel BernardMortgage lenders are offering incentives to borrowers, hoping to lure them even as rates soar. It’s up to consumers to sort it all …