Commercial Observer, January 6, 2025-Brian PascusIn life, we’re told the only guarantees are death and taxes. While not nearly as morbid nor pessimistic, in commercial real estate, the only promise …
Category: Top National News
CFPB Unveils Rule to Erase Medical Debt From Credit Reports
HousingWire, Jan. 7, 2025-Flávia Furlan NunesAmid a regulatory push ahead of the White House transition, the Consumer Financial Protection Bureau (CFPB) unveiled a new rule on Tuesday to eliminate medical …
Thousands Flee as Wildfires Burn Out of Control and Destroy Homes Across the Los Angeles Area
The Associated Press, Jan. 8, 2024-Jaimie Ding, Christopher Weber and Julie WatsonMultiple massive wildfires tore across the Los Angeles area with devastating force Wednesday, destroying more than 1,000 structures and …
California Was Already in Home-Insurance Crisis Before Los Angeles Infernos
The Wall Street Journal, Jan. 9, 2024-Jean Eaglesham and Joe FlintNick Ramirez hunched over a screen in his Los Angeles insurance agency, watching a map tracking the raging wildfires engulfing …
Seniors’ Home Equity Drops on Lower Values, More Debt
National Mortgage News, Jan. 10, 2024-Brad FinkelsteinSenior home equity declined in the third quarter off of its all-time high, due to lower property values combined with an increase in debt …
Over 250k Homeowners Remain in Forbearance — Report
MPA, Jan. 3, 2024-Camille Joyce LisayThe Mortgage Bankers Association’s (MBA) monthly loan monitoring survey revealed an increase in total mortgage loans in forbearance to 0.50% as of November 30, 2024.Click …
Student Debt Issues Can Be Solved
The Housing Scene by Lew Sichelman, Jan. 3, 2025Massive, often insurmountable amounts of student debt have prevented millions of otherwise qualified borrowers from obtaining financing to buy a house.Click here for …
HELOC Rates Sink in 2024 Even As 1st Mortgage Rates Up
Home Equity Lending News, December 31, 2024The final week of 2024 brought with it the year’s lowest average home-equity line-of-credit rates -— which have tumbled 176 basis points since the …
ARM Originations See Slight Rise in 3Q
Inside Mortgage Finance, December 26, 2024-James DohnertAn estimated $60.00 billion of ARMs were originated in the third quarter, a 1.7% increase from the previous three-month period.Click here for more (subscription)
Modest Increase in Home Equity Issuance Projected for 2025
Home Equity Lending News, December 27, 2024Moderately higher issuance of transactions containing closed-end second mortgages and home-equity lines-of-credit are forecasted for next year. Growth is also projected for securitizations of …