Orange County Register, June 28, 2024–Jeff LazersonHomeowners can pull cash out on a second mortgage for a rental — up to 80% combined loan-to-value. But buyer beware, the interest rate …
Category: Top National News
Ginnie Mae Proposes HMBS 2.0 Terms
National Mortgage News, June 28, 2024–Brad FinkelsteinGinnie Mae has released a term sheet for its revised Home Equity Conversion Mortgage securitization program, starting a comment period that ends on July …
Thousands of Homeowners are About to Get Slammed With Higher Monthly Payments
CNN, July 1, 2024–Samantha DelouyaAccording to data from Intercontinental Exchange, 1.7 million homeowners have bought homes with adjustable-rate mortgages since 2019. Many buyers who bought 5-year ARMs – one of …
Home Equity Issuance Reaches New High, WACs Diverge
Home Equity Lending News, July 1, 2024Quarterly issuance of home-equity products reached the highest level in at least five years and likely since the Great Financial Crisis. While coupons on …
Maturing Loans Drive Up CMBS Delinquency Rate – KBRA
MPA, July 1, 2024-Candyd MendozaThe commercial real estate market faced another challenging month, as delinquencies in commercial mortgage-backed securities (CMBS) continued to rise in June.Click here for more
As Millions Struggle With Home Prices, Housing Becomes a Top Issue for Voters
NPR, June 24, 2024-Jennifer LuddenMelissa Williams says she did everything right. She has a college degree, a decent income working in accounting and no debt.Click here for more (subscription)
U.S. Labor Market, Housing Data Point to Slowing Economy
Reuters, June 20, 2024-Lucia Mutikani and Lindsay DunsmuirFirst-time applications for U.S. unemployment benefits fell moderately last week, while new housing construction dropped to the lowest level in nearly four years …
Some Homebuyers are Beating High Interest Rates With 1980s-era Assumable Mortgages
Star Tribune (Minneapolis), June 20, 2024–Jim Buchta“It was like winning the lottery,” said a Twin Cities buyer who assumed a 2.25% mortgage rate that saves her $700 a monthClick here for …
18 Million Americans Are House Poor, New Study Shows
CBS News, June 18, 2024-Kristopher J. BrooksMore than 18 million Americans are living in homes that stretch their budgets far beyond what’s considered financially healthy.Click here for more
Florida Homeowners Hit With Housing Market Double Whammy
Newsweek, June 21, 2024–Omar MohammedFlorida’s housing market is currently facing two key challenges—homes for sale that are staying in the market longer and buyers showing reluctance to enter a market …