Wall Street Journal, Nov. 8, 2022–Peter Grant (subscription)Real estate developers are delaying major office projects already underway or in the planning stages, discouraged by high vacancy rates and the reduction …
Category: Top National News
Ten Years After Superstorm Sandy, Focus on Climate Change Forecasting Is Mainstream
Urban Land, Nov. 7, 2022–Paul BergeronIt’s been 10 years since the eastern United States experienced Superstorm Sandy, which many in the commercial real estate industry consider a watershed moment in …
Non-QM Lender Angel Oak Posts 3rd Straight Quarterly Loss
National Mortgage Professional, Nov. 8, 2022–David KrechevskyCiting the “dislocation of the fixed-income market” and two increases to the federal funds rate during the quarter, Angel Oak Mortgage Inc. reported its …
Non-QM Lender Athas Capital Group To Close
National Mortgage Professional, Nov. 7, 2022–David KrechevskyDeciding to “bow out like gentlemen,” Athas Capital Group Inc., a direct-lending platform for the Non-QM market, announced last week that it plans to …
Pandemic Led to Sharp Spike in Black, Asian and Latino Homeownership
Washington Post, Nov. 1, 2022–Abha Bhattarai, Alyssa FlowersHelped by pandemic-era stimulus programs, Black, Latino and Asian households saw the sharpest increase in homeownership in 2021 since the Great Recession, when …
Mortgage Borrowers Lost a Record Amount of Equity in 3Q
National Mortgage News, Nov. 7, 2022–Bonnie Sinnock (subscription)The home equity buffer that the mortgage industry is counting on to help sustain loan performance experienced a record drop in the third …
G-Fee Hikes May Be Needed To Pay for Lost LLPA Revenue
Inside Mortgage Finance, Nov. 7, 2022–Dennis HollierThe Federal Housing Finance Agency’s recent decision to make targeted cuts to certain loan-level price adjustments charged by Fannie Mae and Freddie Mac may …
The Housing Market Is Worse Than You Think
New York Times, Nov. 4, 2022–Stefanos ChenThe Mortgage Bankers Association, a large trade group, has a more optimistic view, with rates for the 30-year fixed mortgage dropping to 5.4 percent …
A Republican HFSC Is Expected to Focus on Banking Regulators
Inside Mortgage Finance, Nov. 3, 2022–Sam ManasRep. Patrick McHenry (R-NC), who is likely to chair the House Financial Services Committee if Republicans win control of the House, is a frequent …
Agency MBS Issuance Still Searching for a Bottom, October Volume Down 19%
Inside Mortgage Finance, Nov. 4, 2022–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued a total of $95.62 billion of single-family MBS last month. That was down 18.5% from September …