Wall Street Journal, Mar. 22, 2022–Kate King, Roque Ruiz, Konrad Putzier (subscription)People want to live in Manhattan as much as they ever have. The problem is that not enough people …
Category: Top National News
Housing Boom Loses Steam? Home Sales May Drop 25% by the End of Summer, Says Analyst
Fortune, Mar. 22, 2022–Chris MorrisThe prediction is based upon data from the Mortgage Bankers Association that shows an 8% decline in loan applications. That comes as the average monthly mortgage …
Share Of Mortgages In Forbearance Falls Again In February
National Mortgage Professional, Mar. 22, 2022–David KrechevskyMBA’s monthly Loan Monitoring Survey found the share of loans in forbearance fell to 1.18%, the 21st consecutive monthly decline.https://nationalmortgageprofessional.com/news/share-mortgages-forbearance-falls-again-february
Non-Agency MBS With GSE-Eligible IPLs Still Under Pressure
Inside Mortgage Finance, Mar. 22, 2022–Brandon IveyIssuance of non-agency MBS backed by investment-property loans eligible for delivery to the GSEs hit choppy waters in recent months and continues to struggle …
New SEC Environmental Disclosure Rules Will Hit CRE Surprisingly Hard
GlobeSt.com, March 22, 2022–Erik Sherman After years of discussions and hints, the Securities and Exchange Commission finally released its proposed environmental disclosure rule for public company reporting. Even if commercial …
EB-5 Industry Prepares for a Restart Amid New Rules
Wealth Management Real Estate, Mar. 22, 2022–Beth Mattson-TeigThe EB-5 industry received some welcome news in early March. Nearly eight months after the regional program lapsed at the end of June …
Judge Approves $126 Million Sale of The One Megamansion, Despite Lender Objections
Wall Street Journal, March 21, 2022–Katherine Clarke (subscription)A U.S. Bankruptcy Court judge approved the $126 million sale of The One, the over-the-top Bel-Air megamansion once slated to list for $500 …
San Francisco Rents Barely Changed During Covid Housing Boom
Bloomberg, Mar. 21, 2022–Alexandre TanziThe California technology hubs top U.S. metro areas with the smallest rent growth since February 2020, according to a Bloomberg analysis of data from Zillow Group …
Tomo Raises $40M Series A, Hits $640M Valuation
HousingWire, Mar. 21, 2022–Joe BurnsThe fundraise more than doubles Tomo’s valuation to $640 million. It included participation from existing investors Ribbit Capital, NFX and Zigg Capital. New investors Telesoft Partners …
Wells Fargo Sued Over Discriminatory Home Lending Practices
National Mortgage Professional, Mar. 21, 2022–David KrechevskyA Los Angeles based law firm says it is filing a federal lawsuit against Wells Fargo Bank, N.A., and Wells Fargo Home Mortgage, claiming …