Inside Mortgage Finance, Sept. 8, 2022–Paul MuoloWith less than four months to go in 2022, mortgage professionals far and wide are in a glum mood these days — with interest …
Category: Top National News
Mortgage Rates Keep Climbing While Foreclosure Filings Rise
ValueWalk, Sept. 8, 2022–Phil HallThis week in the housing market saw the continued upswing in mortgage rates mirrored by a rise in foreclosure filings and a spike in search engine …
Construction Costs Bite into Apartment Investment Returns
Wealth Management Real Estate, Sept. 8, 2022–Bendix AndersonRising labor and materials costs coupled with more expensive debt due to rising interest rates are combining to cut into yields on multifamily …
Pension Funds Unload Office Buildings, Target High-Demand Assets
GlobeSt.com, Sept. 8, 2022–Jack RogersPension funds are still bullish on commercial real estate, but many are pulling back on investments from the underperforming office sector and shifting their resources to …
Why “Zero-Down” Mortgages Are Gaining Ground
Axios, Sept. 8, 2022–Emily PeckYou can expect more banks to start offering mortgages that don’t require some first-time buyers to save up a large down payment — part of an …
Western U.S. Drought: How It Impacts Commercial Real Estate
CommercialSearch, Sept. 7, 2022–Anca GagiucMeasures to limit drought in Western U.S. are a matter of urgency. Developers are responding with new technologies.https://www.commercialsearch.com/news/western-us-drought-how-it-impacts-cre/
BofA Tells Court Ambac Cannot Prove $2.7 Bln Mortgage Case
Reuters, Sept. 7, 2022–Jody GodoyBond insurer Ambac Financial Group Inc cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities on evidence that BofA was a …
Freedom Mortgage Conducts Layoffs, Sends Jobs Overseas: Sources
HousingWire, Sept. 7, 2022–Connie KinTop 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees …
UWM Follows Rocket, Hikes Conforming Loan Limits
HousingWire, Sept. 7, 2022–Flávia Furlan NunesUWM’s move follows an announcement on Tuesday from competitor Rocket Pro TPO, which was first out of the gate this year in raising loan limits …
Fed on Path for Another 0.75-Point Interest-Rate Lift After Powell’s Inflation Pledge
Wall Street Journal, Nov. 7, 2022–Nick Timiraos (subscription)Fed officials have done little to push back against market expectations of a third consecutive 0.75-point rate rise in recent public statements and …