HousingWire, Nov. 7, 2024The future leaders of the mortgage industry are being developed today through opportunities like the Mortgage Bankers Association’s mPact group.Click here for more
Category: Top National News
If the Fed Is Cutting Rates, Why Aren’t Mortgage Rates Falling?
The Wall Street Journal, Nov. 7, 2024-Ben EisenBorrowers aren’t yet feeling the effect of the Federal Reserve’s interest-rate cuts.Click here for more (subscription)
Industrial Real Estate Enters New Era of Smart Growth
Globe St., Nov. 7, 2024-Philippa MaisterIndustrial real estate is now entering a new era of smart growth, based on optimizing supply chains, advanced technology initiatives and sustainability, according to PWC …
It’s Official! FICO Raises Score Price to $4.95
HousingWire, November 6, 2024–Flávia Furlan Nunes and James KleimannFair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, announced on Wednesday …
Huge Shortage of Affordable Housing Frightens Me, says LeFrak CEO Richard LeFrak
CNBC, Nov. 6, 2024–VideoRichard LeFrak, LeFrak chairman and CEO, discusses the election’s impact on America’s business landscape.Click here for more
Mortgage Lenders Fall Even as Banks Soar on Trump
Wall Street Journal, Nov. 6, 2024–Telis DemosFinancial stocks are surging following Donald Trump’s election victory. Yet many companies tied to mortgages and home buying are down sharply. One major reason …
With Mortgage Rates Near 7% Again, a Fed Rate Cut Won’t Make a Difference for Homebuyers… Yet
CNet, Nov. 6, 2024–Katherine WattMortgage rates have had a bad month. Actually, a bad three years. This week, extreme rate volatility due to election uncertainty made things worse. Although the …
Weekly Mortgage Demand Tanks 11% as Interest Rates Surge Higher
CNBC, Nov. 6, 2024–Diana OlickMortgage rates rose again last week, pulling demand from both the refinance and purchase markets. Total mortgage application volume dropped 10.8% compared to the previous week, …
Here’s What to Expect with the Fed’s Rate Cut Decision on Thursday
CBS News, Nov. 6, 2024–Aimee PicchiThe Federal Reserve on Thursday is expected to cut interest rates for the second time this year, with the decision coming less than two months …
Just Because You Inherit a Co-op Doesn’t Mean You Can Live in It
The Wall Street Journal, Nov. 4, 2024-Robyn A. FriedmanIf you recently inherited a cooperative unit (more commonly known as a co-op), you may legally own it, but you may have …