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, …
Category: Top National News
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
Amazon’s $2B Housing Push Has Mostly Left Out D.C. Area’s Poorest
Washington Post, Apr. 11, 2022–Teo ArmusMore than 14 months and $750 million into Amazon’s effort to create and preserve thousands of affordable housing units near its second headquarters, help is …
Home Builders Bypassing Individual Home Buyers for Deep-Pocketed Investors
Wall Street Journal, Apr. 11, 2022–Will Parker (subscription)Investors who buy and then rent new homes are fast becoming a favorite customer of the home builder industry. However, investors holding billions …