Bloomberg, Oct. 19, 2022–Jo ConstantzAs real wages fall and inflation remains red hot, employees across the income spectrum take on extra shifts, side hustles or second jobs to ease the …
Category: Top National News
Debt Purchasers Set to Benefit from Consumer Delinquencies: Fitch
HousingWIre, Oct. 19, 2022–Joe BurnsU.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan sales, according to a …
Recession Fears Hit Risky Mortgage Debt Amid Default Concerns
Wall Street Journal, Oct. 19, 2022–Matt Grossman (subscription)Investors are unloading securities sold by Fannie Mae and Freddie Mac that shift the risk of mortgage defaults away from taxpayers, a sign …
Inflation Forces Over Half of Americans to Consider Second Jobs
Bloomberg, Oct. 19, 2022–Jo ConstantzAs real wages fall and inflation remains red hot, employees across the income spectrum take on extra shifts, side hustles or second jobs to ease the …
Home Buyers Flock to Florida Cities Devastated by Hurricane Ian
Wall Street Journal, Oct. 18, 2022–Robyn A. Friedman (subscription) Less than a month after Hurricane Ian caused widespread devastation to southwestern Florida, investors and other buyers are scouring for housing …
Adjustable-Rate Mortgages Are Probably Still a Bad Idea
Yahoo!Life, Oct. 18, 2022–Rachel FairbankAn adjustable-rate mortgage is a gamble that either interest rates will drop in the future, making it possible to refinance at a lower monthly payment, or …
Black Households Have Most to Gain from Inclusion of Rent Payment Data: Report
HousingWire, Oct. 18, 2022–Joe BurnsRacial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank of San Francisco, on Monday released a report that examines how …
Delinquency Rates Dropped in Q3 2022 for Commercial, Multifamily Mortgages
MortgageOrb, Oct. 17, 2022–Michael BatesDelinquency rates for mortgages backed by commercial and multifamily properties declined through the third quarter of 2022, according to the Mortgage Bankers Association‘s latest CREF Loan …
Florida Coastal Living Reshaped by Hurricane Housing Codes
Wall Street Journal, Oct. 17, 2022–Arian Campo-Flores, Deborah Acosta (subscription)Many homeowners in southwest Florida towns find it challenging to rebuild. ‘People leave and don’t come back.’https://www.wsj.com/articles/florida-coastal-living-reshaped-by-hurricane-housing-codes-11666019241?mod=hp_lead_pos10
Credit Suisse Pays $495 Mln to Settle Legacy U.S. Case
Reuters, OCt. 17, 2022–John RevillThe lender has been paying out billions of dollars to resolve legal cases linked to its residential mortgage-backed securities business in the run up to the …