HousingWire, Sept. 6 2024-Brooklee HanAugust’s gain of just 142,000 total nonfarm payroll jobs confirms that the job market is cooling, which all in all is good news for the Federal …
Category: Top National News
Flooding Is Getting Worse—and Fewer Homeowners Have Insurance
The Wall Street Journal, Sept. 5, 2024-Jean EagleshamFaun James was at work in a Pennsylvania hospital last month when a storm flooded her town. Unable to drive in the surging …
Mortgage Refinance Demand Is 94% Higher Than a Year Ago, as Interest Rates Fall Again
CNBC, Sept. 4, 2024-Diana OlickMortgage demand is now heavily skewed toward refinancing, as interest rates declined for the fifth straight week.Click here for more
The Property Line: Safeguarding Your Deals from Title and Wire Fraud
Seyfarth’s The Property Line podcast, Sept. 3, 2024–Arren GoldmanAs new technologies evolve, the risks of title and wire fraud continue to grow. In this episode, Adam Chaudhary, president of FundingShield …
When Property Investors Want Out, These Bargain Hunters Rush In
The New York Times, Sept. 3, 2024-Stacy CowleyInvestors in private real estate funds have a problem: Even as the prices of office buildings and other commercial properties tumble, their holdings …
ARM Lending Up in 2Q, Share of Originations Increases
Inside Mortgage Finance, Sept. 3, 2024–James DohnertWith borrowers anticipating further declines in interest rates on mortgages, originations of adjustable-rate mortgages increased in the second quarter of 2024.Click here for more (subscription)
California’s Housing and Wildfire Crises Are on a Collision Course
Wall Street Journal, Sept. 1, 2024–Jim Carlton Environmentalist are increasingly using burn risks to halt huge home developments in the state—but some say they go too far.Click here for more (subscription)
California Allows Highest Home Insurance Hike in Years
Newsweek, Aug. 30, 2024-Giulia CarbonaroThe California Department of Insurance gave Allstate permission to increase its homeowners insurance premiums by an average 34.1 percent, the largest rate hike of any major …
Banks’ Mortgage Servicing for Others Falls
Inside Mortgage Finance, Aug. 30, 2024–Brandon IveyBanks are pulling back on mortgage servicing for others, according to a recent Inside Mortgage Trends report.Click here for more (subscription)
How Homebuyers Can Use ‘Pledged’ Assets and Put Just 10% Down
Orange County Register, Aug. 29, 2024–Jeff LazersonPledged assets, including cash, stocks, bonds and mutual funds, can serve as collateral in exchange for a lower down payment.Click here for more