April Housing Starts Up 2.2%
Housing starts posted a modest increase in April, the Census Bureau and HUD reported Wednesday.
A Tale of Two Reports on Household Debt
WalletHub, Miami, reported this week that total household debt fell to $17.12 trillion in the first quarter as consumers paid down nearly $140 billion in debt during that period. Separately, the Federal Reserve of New York took a slightly different tack, reporting an increase in total household debt in the first quarter by $148 billion (0.9%) to $17.05 trillion.
CoreLogic: March Single-Family Rent Growth Slides
CoreLogic, Irvine, Calif., said annual single-family rent price growth wound down to 4.3% in March, marking nearly a year of decelerating gains.
FHA Finalizes HECM Claims Processing Policies
The Federal Housing Administration on Wednesday announced new policies that will allow for faster payment of funds to mortgagees when they assign a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, to HUD.
Dealmaker: Madison Realty Capital Provides $340M Construction Loan
Madison Realty Capital, New York, provided a $340 million construction loan to Catalfumo Cos., Palm Beach Gardens, Fla.
In Amici Brief to SCOTUS, MBA, Trade Groups Stress Importance of Mortgage Market Stability
While the brief takes no position on whether the Bureau is constitutionally funded, it urges the Court to avoid ruling in a manner that would disrupt the housing and mortgage markets, harming both consumers and the economy.
