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 …
Category: Top National News
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 …
What Post-Hurricane Data in North Carolina Could Mean for Florida’s Recovery
HousingWire, Oct. 23, 2024-Jeff Andrews What had previously been a surprisingly mild 2024 hurricane season closed with two devastating storms that hammered Florida and North Carolina.Click here for more (subscription)
Opinion: What is Future of Bank Originated HELOCs?
Home Equity Lending News, October 23, 2024–Vikram GuptaThere is no stopping the American consumer’s ongoing love affair with credit. Total consumer credit outstanding at the end of Q2 2024 was …
Mortgage Rates Were Supposed to Come Down. Instead, They’re Rising. Here’s Why
NPR, Oct. 18, 2024-Laurel WamsleyYou might expect that mortgage rates would be falling right now after the Federal Reserve cut interest rates by a half-point last month.Click here for more
Now That Interest Rates are Going Down, Here’s What to Expect for the Rest of the Year
HousingWire, October 25, 2024–Victor KuznetsovThe strongest market agitator in the first half (H1) of 2025 is not likely to be either U.S. unemployment or inflation caused by monetary or fiscal …
Stopping Cash and Impersonator Frauds
The Housing Scene by Lew Sichelman, October 18th, 2024To curb money laundering, Uncle Sam is expanding a rule requiring settlement providers to determine and report the names of participants in …
Lawmakers, MBA Call Out FICO for Potential Price Hikes
A coalition of 34 Democratic senators and representatives submitted a letter this week to President Joe Biden, urging him to direct the U.S. Department of Justice (DOJ) to investigate the …