Reuters, July 27, 2022–Jonathan StempelA Pennsylvania mortgage company owned by Warren Buffett’s Berkshire Hathaway Inc. has reached a $24.4 million settlement to resolve U.S. government charges that it intentionally discriminated …
Category: Top National News
Is Amazon About to Push Into the Medical Office Space?
GlobeSt.com, July 27, 2022–Erik ShermanAmazon announced that it’s acquiring One Medical, a membership-based US primary healthcare organization for $18 a share in an all-cash transaction valued at about $3.9 billion.https://www.globest.com/2022/07/22/is-amazon-about-to-push-into-the-medical-office-space/?
New Home Sales Make it Clear: Housing is in a Recession
HousingWire, July 26, 2022–Logan MohtashamiTuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all …
Housing Prices, Explained: Why It’s So Expensive
NPR, July 25, 2022–Celeste HeadleeHome prices are surging to new highs while rent is also on the rise. Here & Now’s Celeste Headlee speaks with Derek Thompson, staff writer at …
Xactus Adds Flood Services With MassiveCert Purchase
National Mortgage News, July 26, 2022–Brad Finkelstein (subscription)Xactus, which through a series of deals evolved into one of the largest trimerge credit report providers, has moved into the flood services …
Availability of Retail Real Estate Hits 10-Year Low
Chain Store Age, July 26, 2022–Al UrbanskiThe retail availability rate hit a 10-year low of 5.1% in the second quarter, according to CBRE.https://chainstoreage.com/availability-retail-real-estate-hits-10-year-low
Issuance of Prime Non-Agency MBS Plummets In 2Q22
Inside Mortgage Finance, Brandon Ivey (subscription)Issuance of prime non-agency mortgage-backed securities fell off a cliff during the second quarter, according to a new ranking and analysis by Inside Nonconforming Markets.https://www.insidemortgagefinance.com/articles/225236-issuance-of-prime-non-agency-mbs-plummets-in-2q22?
A Dose of Reality in the Warehouse Space
GlobeSt.com, July 26, 2022–Erik ShermanIndustrial, and especially logistics and warehouses, was one of the big winners of the pandemic. It’s still going strong, but expect some changes soon, according to …
As Housing Cools, Some Buyers Get a Second Chance to Grab Their First Choice
USA Today, July 25, 2022–Terry CollinsHousing is slowly becoming more of a “buyer’s market.” Sellers’ asking prices are steadily decreasing despite remaining traditionally higher than usual. But don’t expect a …
The Fed is Set to Raise Rates Again — But Will Mortgage Rates Follow? Maybe Not
Bankrate.com, July 26, 2022–Jeff OstrowskiThe Federal Reserve is set to raise interest rates sharply this week, a move that seems to portend higher mortgage rates. Don’t be too sure, though. …