Adding dog houses to your mortgage products could be a paw-fect addition for 2025.
Category: News and Trends
Quote: Aug. 2, 2024
“Homeowner wealth took a notable turn for the better during the second quarter as equity levels piggybacked on some of the biggest home-price spikes we’ve seen in recent years.”
–ATTOM CEO Rob Barber
Dealmaker: Greystone Provides $14.5M in Financing for Alabama Multifamily
Greystone, New York, has provided a $14.5 million Fannie Mae Delegated Underwriting & Servicing loan to refinance a 216-unit multifamily property in Hoover, Ala., near Birmingham.
Zillow Finds Luxury Home Values Rising Faster Than Typical Homes
Luxury home value growth, which has consistently lagged the market’s middle tier over the past several years, now outpaces appreciation on typical homes, a new Zillow analysis shows.
USMI: 64% of Buyers With Private Mortgage Insurance Are Purchasing First Home
U.S. Mortgage Insurers, Washington, released a report finding that nearly 800,000 Americans used private mortgage insurance to purchase a home in 2023, and 64% were first-time buyers.
CREW Survey: Women in Commercial Real Estate Say Deals Currently More Difficult
CREW Network, Lawrence, Kan., released a survey of women in commercial real estate, finding that in the second quarter, 66% said dealmaking was more difficult. That’s up 10% from the year-ago figure.
MSCI: Commercial Property Prices Rise in June
Commercial property prices broke from their pattern of declines in June after a year and a half of losses, according to MSCI, Inc., New York.
Fed Holds Rates Steady Again
The Federal Reserve again held rates steady July 31, noting that there has been “some further progress toward the Committee’s 2% inflation objective” over the past few months.
MBA RIHA: Mortgage Industry Should Develop New Intervention Policies for Distressed Borrowers
According to a new report released by the Mortgage Bankers Association’s Research Institute for Housing America (RIHA) examining current mortgage design models, underwriting standards, and intervention policies would help alleviate market pressures resulting from high levels of mortgage defaults.
Quote: Aug. 1, 2024
“While the Fed still hopes for a slower rate of inflation, there is a greater risk now that keeping monetary policy overly tight for too long could lead to unnecessarily higher unemployment.”
–MBA SVP and Chief Economist Mike Fratantoni