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, …
Category: Top National News
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 …
White House Forecasts Somewhat Higher Interest Rates
The Wall Street Journal, March 11, 2024-Nick TimiraosPresident Biden signaled optimism during a campaign event last week that the Federal Reserve was going to cut interest rates soon. The economic …
Biden Administration to Boost Affordable Housing Programs, Supply of Manufactured Homes
The Hill, Feb. 29, 2024-Alex GangitanoThe Biden administration announced Thursday that it will take steps to bolster federal programs that produce affordable housing, boost the supply of manufactured homes and …
Signs of Trouble at Regional Banks Reignite Sector Fears
The Wall Street Journal, March 1, 2024-Gina HeebBank stocks dropped Friday, led by a 23% decline in New York Community Bancorp after more signs of trouble at that lender and …
How No-Cost Mortgages Save Buyers Money When Rates Come Down
Orange County Register, February 26, 2024–Jeff LazersonRumor is that the Fed might drop short-term rates three times in 2024. That’s good news for homebuyers as fixed-rate mortgages tend to follow …
Despite Drop in Q4 HELOC Lending, Turnaround Possible
Home Equity Lending News, February 29, 2024Although the volume of home-secured credit lines opened during the fourth quarter was significantly lower than a year earlier, the outlook is bright for …
MBA Gives Backing to Loan Repurchase Efforts
MPA, March 4, 2024-Abigail AdriaticoMortgage Bankers Association (MBA), the association that represents the real estate finance industry, has applauded efforts by Fannie Mae and Freddie Mac to address requests for …