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
Category: Top National News
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
Spread Widens Between Home Equity Rates at Banks, Credit Unions
Home Equity Lending News, July 22, 2024Average quarterly interest rates on credit unions’ home-equity lines of credit retreated, while HELOC rates at banks escalated — causing the spread between the …