National Mortgage Professional, Oct. 28, 2024–Lew SichelmanA pair of technology innovators in the student loan field are at MBA Annual this week searching for a few lenders to participate in …
Category: Top National News
FHA Responds to Helene, Milton by Issuing Temporary Waivers to Rehab Loan Program
HousingWire, Oct. 22, 2024-Chris ClowThe Federal Housing Administration (FHA) this week announced two temporary policy waivers as the response to hurricanes Helene and Milton continues.Click here for more (subscription)
Pro Take: Americans’ Home Equity Surges to Over $35 Trillion
The Wall Street Journal, Oct. 22, 2024-Bob FernandezAmericans are sitting on more than $35 trillion in home equity after a 75% surge since early 2020 thanks to booming home prices. …
America Is Primed for a Home-Renovation Resurgence
The Wall Street Journal, Oct. 22, 2024-Ryan DezemberMore homeowners are borrowing against the rising value of their properties, suggesting that the worst of the remodeling slump has passed.Click here for …
Mortgage Demand Drops to Its Lowest Level Since July, as Interest Rates Return to Summer Highs
CNBC, Oct. 23, 2024-Diana OlickMortgage demand went lower again last week, even though mortgage interest rates didn’t move.Click here for more (subscription)
Map Shows States Where Mortgage Rates Are Increasing the Most
Newsweek, Oct. 23, 2024-Joe EdwardsA new map shows which U.S. states have seen the sharpest increase in mortgage rates this year, driven by a combination of economic factors, including inflation …
CRE Mortgage Delinquencies Climb as Office Struggles Persist
Globe St., Oct. 24, 2024-Mario MarroquinDelinquencies for commercial real estate mortgages climbed in the third quarter of 2024, but not all sectors felt the same pain. Loans backed by office …
What Post-Hurricane Data in North Carolina Could Mean for Florida’s Recovery
HousingWire, Oct. 23, 2024-Jeff Andrews What had previously been a surprisingly mild 2024 hurricane season closed with two devastating storms that hammered Florida and North Carolina.Click here for more (subscription)
Opinion: What is Future of Bank Originated HELOCs?
Home Equity Lending News, October 23, 2024–Vikram GuptaThere is no stopping the American consumer’s ongoing love affair with credit. Total consumer credit outstanding at the end of Q2 2024 was …
Mortgage Rates Were Supposed to Come Down. Instead, They’re Rising. Here’s Why
NPR, Oct. 18, 2024-Laurel WamsleyYou might expect that mortgage rates would be falling right now after the Federal Reserve cut interest rates by a half-point last month.Click here for more