CNN, Aug. 18, 2024–Shania Baweja and Taylor GalganoLast year alone, the Insurance Information Institute tracked $80 billion in insured losses caused by natural catastrophes across the US. Insurers are rushing …
Category: Top National News
Mortgage Delinquencies Rise in Q2 2024
MPA, Aug. 16, 2024-Jonalyn CuetoThe Mortgage Bankers Association (MBA) has released its National Delinquency Survey for the second quarter of 2024, revealing a notable increase in mortgage delinquencies.Click here for more
Climate Disasters Are an Affordable Housing Problem
Bloomberg News, Aug. 16, 2024-Juan Pablo Garnham and Arjuna HeimWhen Maui was devastated by wildfires in August 2023, some residents were initially fortunate. The neighborhood of Makawao, for example, was …
More Americans Are Tapping Home Equity Credit Lines, NY Fed Says
Bloomberg News, Aug. 6, 2024-Jonnelle Marte and Alexandre TanziAmericans who want to tap the rising equity of their homes without giving up their low mortgage rates are increasingly turning to …
Mortgage Refinance Applications Surge 60%
Newsweek, Aug. 8, 2024-Matthew ImeplliHomeowner mortgage refinance applications increased by nearly 60% this past week, new data shows.Click here for more
There’s Finally Some Good News on Refis. What’s Next?
National Mortgage News, Aug. 12, 2024-Brad FinkelsteinRefinance volume made up 17% of rate locks in July, the most activity in nearly two years, according to Optimal Blue, but early August …
Homeowners Insurance a Hidden Risk for Secondary Market
National Mortgage News, Aug. 12, 2024-Brad FinkelsteinHomeowners insurance is labeled as one of the hidden costs for property owners, and their escalating prices could have an impact on the secondary …
HELOC Originations Up Following 3 Quarterly Declines
Home Equity Lending News, Aug. 2, 2024Quarterly originations of home-equity lines of credit turned higher — reversing three consecutive quarterly declines. First-half HELOC production has surpassed a half-million units.Click here for …
Fed Should Re-Propose Entire “Disastrous” Basel III Endgame
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. …
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