MPA, April 8, 2024-Candyd MendozaThe March jobs report delivered a surprise, with total nonfarm payroll employment increasing by 303,000, exceeding consensus forecasts of 200,000 job gains. Click here for more (subscription)
Category: Top National News
What the Shift Toward Deferrals Means for Mortgage Servicing
National Mortgage News, March 27, 2024-Bonnie SinnockPayment deferrals that became widely utilized in the government-sponsored enterprise market during the pandemic are gaining on modifications, suggesting part of the pandemic’s legacy …
Spread Between Corporate Debt and CRE Mortgages Hits 24-Year High
Globe St., March 27, 2024-Erik ShermanIn its recent look at U.S. capital trends, using the most recent data through 2023, MSCI look at what it called debt snapshots — a …
How Much Higher Are Your Post-Pandemic Property Taxes?
The New York Times, March 28, 2024-Michael KolomatskyThe median price for a single-family home in the United States rose about 40 percent from 2019 to 2022, peaking at $480,000 before …
In Florida’s Housing Market, Insurance-Free Homes Become Big Selling Point
Newsweek, March 28, 2024-Giulia CarbonaroA significant number of Florida’s homeowners and agents trying to offload their properties are trying to attract buyers with the promise of not having to pay …
Housing Market Malaise Hasn’t Cut Options for Equity-Rich Homeowners
Orange County Register, April 1, 2024–Jeff LazersonThe average homeowner now has $299,000 in equity, $193,000 of which is tappable while still maintaining a 20% equity stake.Click here for more
Ginnie MBS Issuance Up Nearly 10% in February
Inside Mortgage Finance, March 20, 2024–Brandon IveyIssuance of Ginnie Mae mortgage-backed securities increased in February, driven by refinances.Click here for more (subscription)
A Bright Spot of the U.S. Housing Market: Very Little Variable Mortgage Debt
Fast Company, March 21, 2024-Lance LambertIn the face of spiked interest rates, U.S. homeowners have actually fared better than their international counterparts.Click here for more
MBA Chief Economist Addresses Industry Challenges in House Testimony
HousingWire, March 21, 2024-Connie KimMike Fratantoni, the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the …
First HEi Issuance in 2024 is Biggest Since at Least 2020
Home Equity Lending News, March 19, 2024This year’s first home-equity investment issuance is the largest HEi transaction since at least 2020.Click here for more (subscription)