Asheville Citizen Times, Oct. 31, 2024-Will HofmannASHEVILLE – Early on in responding to the devastating floods caused by Tropical Storm Helene, Buncombe County Manager Avril Pinder described the crisis as …
Category: Top National News
The Wealthy Are Overpricing Their Homes. Auctions Show Just How Much.
The Wall Street Journal, Oct. 30, 2024-Katherin Clarke and E.B. SolomontRandy and Robin Landsman had been trying to sell their Manhattan penthouse for over a year when they turned to …
Insurance Crisis Hits Lenders’ Bottom Lines
National Mortgage News, Lew Sichelman, Oct. 30, 2024How bad is the insurance crisis? Bad and getting worse. And not just because storms are more frequent and more severe, according to …
Pilot Aims To Boost Borrowers With Student Debt
National Mortgage Professional, Oct. 28, 2024–Lew SichelmanA pair of technology innovators in the student loan field are at MBA Annual this week searching for a few lenders to participate in …
FHA Responds to Helene, Milton by Issuing Temporary Waivers to Rehab Loan Program
HousingWire, Oct. 22, 2024-Chris ClowThe Federal Housing Administration (FHA) this week announced two temporary policy waivers as the response to hurricanes Helene and Milton continues.Click here for more (subscription)
Pro Take: Americans’ Home Equity Surges to Over $35 Trillion
The Wall Street Journal, Oct. 22, 2024-Bob FernandezAmericans are sitting on more than $35 trillion in home equity after a 75% surge since early 2020 thanks to booming home prices. …
America Is Primed for a Home-Renovation Resurgence
The Wall Street Journal, Oct. 22, 2024-Ryan DezemberMore homeowners are borrowing against the rising value of their properties, suggesting that the worst of the remodeling slump has passed.Click here for …
Mortgage Demand Drops to Its Lowest Level Since July, as Interest Rates Return to Summer Highs
CNBC, Oct. 23, 2024-Diana OlickMortgage demand went lower again last week, even though mortgage interest rates didn’t move.Click here for more (subscription)
Map Shows States Where Mortgage Rates Are Increasing the Most
Newsweek, Oct. 23, 2024-Joe EdwardsA new map shows which U.S. states have seen the sharpest increase in mortgage rates this year, driven by a combination of economic factors, including inflation …
CRE Mortgage Delinquencies Climb as Office Struggles Persist
Globe St., Oct. 24, 2024-Mario MarroquinDelinquencies for commercial real estate mortgages climbed in the third quarter of 2024, but not all sectors felt the same pain. Loans backed by office …