Wall Street Journal, Apr. 12, 2022–Nick Timiraos and Michael S. Derby (subscription)Federal Reserve Governor Lael Brainardsaid the central bank’s top goal is to reduce soaring inflation and she expressed confidence …
Category: Top National News
SEC’s Climate Proposals Are ‘Wake-Up Call’ for Real Estate
The Real Deal, Apr. 12, 2022–Hiten SamtaniThe real estate industry is built on other people’s money. A lot of those investors will now be asking tough questions about climate change, …
Canadians with Mortgages Brace for Big Bank of Canada Rate Hike
CTV, Apr. 12, 2022–Adena AliThe Bank of Canada is gearing up to announce its next move on interest rates. With variable rate mortgages pegged to the Bank of Canada’s decision, …
Top Originators Grew Market Share in 2021
Inside Mortgage Finance, Apr. 12, 2022–John BancroftRevised home-loan originations figures show the top tier of lenders in 2021 accounted for a larger share of the market than the year before.https://www.insidemortgagefinance.com/articles/224288-top-originators-grew-market-share-in-2021?v=preview
Pension Funds Eye Higher Real Estate Allocations
Wealth Management Real Estate, Apr. 12, 2022–Beth Mattson-TeigPension funds are striving to hit their target allocations to commercial real estate, even as some move their bars higher than before.https://www.wealthmanagement.com/investment-strategies/pension-funds-eye-higher-real-estate-allocations
Wooden Skyscrapers Are on the Rise
Wall Street Journal, Apr. 11, 2022–Eric Niller (subscription)Architects and builders are turning to ‘mass timber’–an engineered wood product similar in strength to concrete and steel–to build multistory buildings. It is …
Credit Availability Declines in March
the MReport, Apr. 11, 2022–Kyle G. HorstMortgage credit availability, a key component of the mortgage application process, decreased in March, according to the Mortgage Credit Availability Index (MCAI), a monthly …
Closure of a Kmart in Avenel, N.J., Leaves Only a Handful of Stores Left
Associated Press/NPR, Apr. 11, 2022One of the last Kmart stores, this one in Avenel, N.J., will close this weekend, leaving the once-giant chain with just three operating stores.https://www.npr.org/2022/04/11/1092048292/kmart-avenel-new-jersey-closes-as-retail-giant-nears-extinction
Bank, Nonbank Mortgage Modification Rates Diverge: Fitch
National Mortgage News, Apr. 11, 2022Bonnie Sinnock (subscription)Modifications have begun in earnest as forbearance has receded, and it looks like banks are having the most success qualifying borrowers for it, …
Interest Wanes in Second Homes and Investment Properties
DSNews, Apr. 11, 2022–Eric C. PeckDemand for vacation homes and investment properties fell for the second consecutive month in March, according to Redfin.https://dsnews.com/daily-dose/04-11-2022/interest-wanes-investment-properties