San Jose Mercury-News, March 23, 2024–John WoolfolkAs home insurers flee California, the state’s last-resort insurance plan is warning that it’s being pushed toward insolvency, forced to cover a rapidly growing …
Category: Top National News
Why Real Estate Websites Are Adding Climate Change Data to Home Listings
Axios, March 24, 2024-Sami SparberReal estate websites are sharing more climate risk information with home buyers and sellers.Click here for more
$22 Trillion Worth of the Housing Market—or 44% of All Homes in the U.S.—Is at Risk of Severe or Extreme Damage From Environmental Threats
Fortune, March 13, 2024-Alena BotrosClimate risk is a $22 trillion problem for the housing market—and it’s only set to keep growing. Almost 44.8% of homes across the country, worth nearly …
Goldman Sachs to Resume Bets on U.S. Property, Other Investors Warn of More Pain
Reuters, March 13, 2024-Iain WithersGoldman Sachs Asset Management will resume “actively investing” in U.S. commercial property this year because the market is bottoming out, its real estate head said, while …
Private Equity Wants Your Credit Card Debt. And Car Loan. And Mortgage.
The Wall Street Journal, March 14, 2024-Matt WirzPrivate fund managers such as Apollo, Ares, Blackstone and KKR have grown to dominate corporate finance over the past decade. Now they are …
Warning Signs, Including Foreclosures, Reverberate Across Housing Economy
Orange County Register, March 15, 2024–Jeff LazersonOn March 12, ATTOM Data Solutions in Irvine reported 32,938 U.S. properties carried foreclosure filings in Feb., an 8% increase from one year ago.Click …
Mortgage Debt Inched Up at the End of Last Year
Globe St., March 18, 2024-Erik ShermanThe total amount of mortgage debt between commercial and multifamily properties was $130 billion at the end of 2023, a 2.8% increase over Q4 2022, …
Regulators Plan to Alter Basel Proposal, Timing Unclear
Inside Mortgage Finance, March 7, 2024–Brandon IveyFederal Reserve Chairman Jerome Powell said major revisions to the proposed capital requirements for large banks are likely.Click here for more (subscription)
FHFA’s Pilot to Waive Lender Title Insurance on Refis Faces Opposition
HousingWire, March 7, 2024–Flávia Furlan Nunes and Brooklee HanPresident Joe Biden’s new plan to lower housing costs includes a pilot program that waives the requirement for lender’s title insurance on …
Mortgage Industry Pushes Back on CFPB’s ‘Junk Fee’ Claims
MPA March 11, 2024-Candyd MendozaThe mortgage banking industry is disputing claims by the Consumer Financial Protection Bureau that excessive “junk fees” are contributing to a lack of housing affordability for …