Fortune, March 13, 2024-Alena BotrosClimate risk is a $22 trillion problem for the housing market—and it’s only set to keep growing. Almost 44.8% of homes across the country, worth nearly …
Category: Top National News
Goldman Sachs to Resume Bets on U.S. Property, Other Investors Warn of More Pain
Reuters, March 13, 2024-Iain WithersGoldman Sachs Asset Management will resume “actively investing” in U.S. commercial property this year because the market is bottoming out, its real estate head said, while …
Private Equity Wants Your Credit Card Debt. And Car Loan. And Mortgage.
The Wall Street Journal, March 14, 2024-Matt WirzPrivate fund managers such as Apollo, Ares, Blackstone and KKR have grown to dominate corporate finance over the past decade. Now they are …
Warning Signs, Including Foreclosures, Reverberate Across Housing Economy
Orange County Register, March 15, 2024–Jeff LazersonOn March 12, ATTOM Data Solutions in Irvine reported 32,938 U.S. properties carried foreclosure filings in Feb., an 8% increase from one year ago.Click …
Mortgage Debt Inched Up at the End of Last Year
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, …
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 …