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 …
Category: Top National News
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 …
Florida’s Housing Market Is in Trouble
Newsweek, March 4, 2024-Giulia CarbonaroSales of condos in Florida have dramatically fallen in recent weeks, even as prices dropped in some of its major metros and the number of “motivated” …
Disasters Forced 2.5 Million Americans From Their Homes Last Year
The New York Times, Feb. 22, 2024-Aidan GardinerAn estimated 2.5 million people were forced from their homes in the United States by weather-related disasters in 2023, according to new data …
Condominiums Gaining Ground in U.S. Mortgage Market–Fannie Mae
MPA, Feb. 22, 2024-Mika PangilinanAmid a persistent national housing shortage, Fannie Mae has published a study highlighting the growing significance of condominiums in the US mortgage market, alongside the risks …
Commercial Mortgage REITs Weathered Another Quarter. They’re Cheap Again.
Barron’s, Feb. 23, 2024-Bill AlpertThe year-end reports have come in from a cadre of lenders who hold loans on some of the more troubled kinds of commercial real estate.Click here for …
Non-Banks Better Positioned for Rising HELOC Volume
Home Equity Lending News, February 20, 2024–Angela RoseAlthough a jarring jump in interest rates left home-equity line-of-credit lending lower last year, the second half of this year is expected to …
What Companies Need to Know When Accounting for Leap Day
The Wall Street Journal, Feb. 23, 2024-Mark MaurerWhat a difference a day makes. Or does it?Click here for more (subscription)