Markets Media, Aug. 1, 2024The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), was joined by all Committee Republicans in a letter to Federal Reserve Chairman Jerome Powell. …
Category: Top National News
Housing Industry Eyes Fed’s Next Rate Cut Move
MPA, Aug. 1, 2024-Candyd MendozaThe Federal Reserve held interest rates steady on Wednesday but signaled a potential shift towards lower borrowing costs in the coming months.Click here for more
Surprise, Housing Cost to Income Ratio Has Barely Changed
HousingWire, July 31, 2024-Aziz SunderjiAlthough Americans have complained about high housing costs for decades, their concerns have taken on a fevered pitch recently. At first glance, these concerns seem reasonable: …
Home Equity Lending Flat in 2023 as Outstanding Debt Increased: MBA
HousingWire, July 29, 2024-Chris ClowHome equity lending in 2023 grew by only 1.5% compared to the prior year, while outstanding debt increased by 8.3% in the same time period, according …
High Rates Have Been Good for One Corner of the Mortgage Industry. Now What?
The Wall Street Journal, July 30, 2024-Telis DemosWhen the mortgage check is in the mail, it pays to know where it is going.Click here for more (subscription)
Surge in Commercial-Property Foreclosures Suggests Bottom Is Near
The Wall Street Journal, July 29, 2024-Peter GrantBanks and other lenders are seizing control of distressed commercial properties at the highest rate in nearly a decade, a sign that the …
Servicer Satisfaction Up but so Is the Potential for Distress
National Mortgage News, July 25, 2024-Brad FinkelsteinWhile overall customer satisfaction with mortgage servicers rose this year’s J.D. Power survey, consumers’ financial health is on the downswing and that historically has …
Mr. Cooper to Acquire Flagstar’s Servicing and TPO Businesses for $1.4B in Cash
HousingWire, July 25, 2024-Flávia Furlan Nunes and James KleimannMr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), …
What a Destructive Hurricane Season Means for the Mortgage Industry
National Mortgage News, July 24, 2024-Courtney Hoff DockertyClimate change has caused an increase in extreme weather, including catastrophic storms and drought, to significantly impact the housing industry. According to preliminary …
20 States Where Mortgage Delinquency Is Increasing the Most
National Mortgage News, July 23, 2024-NMN StaffSome mortgage delinquency is inevitable, but when it starts to grow across a state, the state’s economy could struggle.Click here for more