As of this morning (Sept. 30), Congress is still debating a continuing resolution that would extend funding for federal government operations. As this is happening, federal agencies are preparing for the possibility of a shutdown when the current funding expires at 11:59 p.m. ET.
Pending home sales rebounded in August, recording significant gains after two prior months of declines, the National Association of Realtors reported Wednesday.
First American Financial Corp., Santa Ana, Calif., said while house prices have increased, house-buying power has also increased because of a long-run decline in mortgage rates and the slow, but steady growth of household income.
Commercial/multifamily mortgage debt outstanding increased by $60.7 billion (1.5 percent) in the second quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding report.
The commercial mortgage-backed securities delinquency rate continues to shrink, but the cumulative loan default rate increased slightly in first-half 2021, according to two new reports from S&P Global Ratings and Fitch Ratings.