The Housing Scene (UExpress), Jan. 20, 2023–Lew SichelmanProperty taxes are rising right along with the cost of food, gas and other necessities. One main difference: You won’t have to wait …
Category: Top National News
Rocket CFO Warns Against Reliance on MSR Sales
Inside Mortgage Finance, Jan. 19, 2023–Brandon IveyNonbanks looking to sell mortgage servicing rights to stay afloat could see demand shrink in a hurry, according to Brian Brown, chief financial officer …
Some Home Builders Are Offering Mortgage Rates as Low as 3%. Here’s How—and Why—They’re Doing It
MarketWatch, Jan. 19, 2023–Aarthi SwaminathanHome builders are playing hardball by offering mortgage rates as low as 3% on new homes to boost buyer demand.https://www.marketwatch.com/story/some-home-builders-are-offering-mortgage-rates-as-low-as-3-heres-how-and-why-theyre-doing-it-11674145343?
Offices Vacancies at the End of 2022 Were Worse Than Pandemic Height
GlobeSt.com, Jan. 19, 2023–Erik ShermanThe latest report on the office market from Moody’s Analytics, covering the fourth quarter of 2022, is on the grim side as it sees “further shadows …
KKR Caps Withdrawals on Real Estate Trust in Latest Pullback
Bloomberg, Jan. 19, 2023–Allison McNeelyKKR & Co. joined rivals including Blackstone Inc. in limiting withdrawals from a real estate investment trust after investors sought to pull out more money.https://www.bloomberg.com/news/articles/2023-01-19/kkr-caps-withdrawals-on-real-estate-trust-following-blackstone?srnd=premium
CFPB Says Servicers Should Offer Loss Mitigation Beyond COVID Hardships
National Mortgage News, Jan. 18, 2023–Kate Berry (subscription)The Consumer Financial Protection Bureau said it expects mortgage servicers to continue offering forbearances, deferrals and loan modifications to consumers experiencing financial hardships …
$10B in Mortgage Servicing Rights Deal May be Start of New Wave of Sales
National Mortgage News, Jan. 18, 2023–Bonnie Sinnock (subscription)An agency servicing portfolio that Incenter has up for bid marks the first public deal above $10 billion in 2023, and there may …
Freddie Mac Multifamily Production Volume Reaches LIHTC Record of Nearly $1 Billion
MortgageOrb, Jan. 18, 2023–Ariana FineFreddie Mac Multifamily’s 2022 production volume totaled $73.8 billion, including a record of nearly $1 billion in Low-Income Housing Tax Credit equity investments.https://mortgageorb.com/freddie-mac-multifamily-production-volume-reaches-lihtc-record-of-nearly-1-billion
For the First Time Since Early 2019, Ginnie Issuance Below $100B
Inside Mortgage Finance, Jan. 18, 2023–Andras MalatinszkyThe disappointing turnout caps seven straight quarters of declining MBS production. It also marked the first quarter since the beginning of 2019 that Ginnie …
Commercial, Multifamily Delinquency Rates Climb Slightly in Q4 by 0.3 Percent
MortgageOrb, Jan. 17, 2023–Ariana FineDelinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the fourth quarter of 2022, according to the Mortgage Bankers Association‘s latest CREF …