Bloomberg News, Nov. 27, 2023-Patrick SissonThe Summerdale apartments used to look a lot like many other housing complexes in low-income parts of US cities. It’s a compound of low-slung suburban-style …
Category: Top National News
U.S. Homes Owned Mortgage-Free Increases to an All-Time High
MPA, Nov. 27, 2023-Jonalyn CuetoNew data from the US Census Bureau shows that the share of US homes that are owned outright increased by 5% between 2012 and 2022. This …
Seniors Housing Performing Better Than Pre-Pandemic
GlobeSt, Nov. 27, 2023-Richard BergerSeniors housing’s recovery is powering ahead of pre-pandemic performance numbers, according to a new report from Marcus & Millichap.Click here for more
Squeezed Property Owners Put Their Faith in the Fed
The Wall Street Journal, Nov. 16, 2023-Carol RyanThe Fed might be done raising rates. But can the cost of debt drop fast enough to save struggling landlords?Click here for more (subscription)
The Housing Market May be at a Standstill–Americans are Growing More Psychologically Attached To Their Homes Than Ever
Fortune, November 20, 2023–Miles NadalIn 2023, the residential real estate market’s headwinds have become headlines. By now, we are all familiar with the toll that higher interest rates, inflation, and …
To Buy a House in Today’s Market, More People Turn to an Alternative Lender: Their Parents
CNBC, Nov. 13, 2023–Jessica DicklerNearly three-quarters of aspiring homebuyers say affordability is the No. 1 obstacle to owning a home. In today’s market, “nepo-homebuyers” are tapping family money to afford …
Mortgage Bankers Association Responds to Veteran Mortgages Story
Bloomberg News, Nov. 15, 2023The November 9th article, “US Veterans Got a Mortgage Break. Now They’re Losing Their Homes,” is a misleading depiction of the successful work policymakers and mortgage …
Freddie Mac to Test New Repurchase Alternative in 2024
National Mortgage News, Nov. 17, 2023–Bonnie SinnockInstead of buybacks, performing loans could be subject to fees related to defect rates, with some exceptions made for small lenders that deliver a …
Waters Are Rising for Some Borrowers
National Mortgage Professional, Nov. 7, 2023–Lew SichelmanStudent loan debt forgiveness proves not to be very forgiving.Click here for more. Starts at page 10.
MMI Sees Dramatic Spike In Mortgage Help
National Mortgage Professional, Nov. 7, 2023-Keith GriffinNew statistics released by Money Management International (MMI), a nonprofit financial counseling provider, show a 90% increase in the number of clients seeking mortgage …