Inside Mortgage Finance, Dec. 14, 2023–Paul MuoloSubservicing balances declined by 1.2% during the third quarter of 2023, hitting $4.14 trillion as of the end of September, according to a new …
Category: Top National News
A Wave of Inventory Could Hit the Housing Market in the Coming Years as 24 Million Homes Present an Opportunity for Fix-and-Flip Investors, Brokerage Says
Business Insider, Dec. 14, 2023-Jennifer SorThe housing market could see a wave of much-needed inventory in the coming years, thanks to as many as 24 million homes entering prime age …
MBA and NMSA Push for Changes in FHA’s Loss Mitigation Policy
MPA, Dec. 14, 2023-Candyd MendozaMortgage trade groups have raised concerns about the practicality and implementation of the Federal Housing Administration’s (FHA) revised loss mitigation proposal, suggesting it could be more …
Commercial and Multifamily Mortgage Debt Increases
MPA, Dec. 15, 2023-Abigail AdriaticoCommercial and multifamily mortgage debt outstanding saw a slight increase in the third quarter of 2023.Click here for more
In Hurricane-Prone Florida, Builders Are Still Making New Homes Out of Wood
The Wall Street Journal, Dec. 4, 2023-Deborah AcostaDevelopers in Florida are rolling out new homes built with wooden frames, undaunted by the risk that wood can be less reliable than …
Assumable Mortgages Are Having a Moment. Will It Last?
National Mortgage News, Dec. 4, 2023-Kyle CampbellHigher interest rates and rising home prices have breathed new life into an often overlooked option for housing finance: Assumption.Click here for more (subscription)
Study: Mobile Home Values Increased More Than Site-Built Single-Family Homes
Weekly Real Estate News, Dec. 6, 2023–Phil HallWhile mobile homes are traditionally less expensive than site-built single-family housing, new data from LendingTree has determined the prices of mobile housing has …
Apartment REITs See Silver Lining as High Mortgage Rates Force Tenants to Stay Put
Reuters, Dec. 7, 2023-Anata AgarwalReal estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases and …
Study: Americans Spent an Average of $13K on Home Repairs and Renovations This Year
Weekly Real Estate News, Dec. 10, 2023, Phil HallAmericans spent an average of $13,667 on home improvement, home maintenance and emergency repairs this year, a 6% increase compared to 2022 …
HELOC Originations Drop as Rate Spread Balloons
Home Equity Lending News, December 8, 2023Origination of home-secured credit lines has been subdued because interest rates on the open-end product have risen so much more than on first mortgages. …