Home Equity Lending News, Nov. 1, 2023Monthly and quarterly production for new home-secured credit lines has retreated significantly from a year ago. As financial institutions invest less in open-end real …
Category: Top National News
HELOC, Non-agency Securitization Could Grow Long Term, Leaders Say
National Mortgage News, Oct. 23, 2023–Bonnie Sinnock, Brad FinkelsteinNew securitization of home loans has, by and large, followed the primary market’s patterns by trending lower this year, but certain niches …
Nearly One-Third of Homeowners Have $1,000 or Less Saved For Home Emergency
Weekly Real Estate News, Oct 27, 2023–Phil HallAt a time when the average home emergency costs around $2,000 to repair, roughly one-third (31%) of homeowners admit to having $1,000 or …
FTC Requires Nonbank Financial Institutions to Report Data Breaches
HousingWire, October 27, 2023–Flávia Furlan NunesNonbank financial institutions, including mortgage brokers, motor vehicle dealers and payday lenders, must report certain data breaches and other security events to the Federal Trade …
Americans Can’t Stop Spending. Five Reasons Why.
The Wall Street Journal, Oct. 29, 2023-Rachel Wolfe and Amara OmeokweAmericans’ prolonged spending spree has confounded economists and resulted in a surging U.S. economy. What’s keeping their feet off the …
It’s Merger Monday for Real-Estate Investment Trusts
The Wall Street Journal, Oct. 30, 2023-Chelsey DulaneyMerger mania swept the beleaguered real-estate sector on Monday with the announcement of two multi-billion dollar deals.Click here for more (subscription)
Upswing in Office Delinquencies Add to Commercial Real Estate Distress
MPA, Oct. 23, 2023-Candyd MendozaMortgage delinquency rates for commercial and multifamily properties rose for the fourth consecutive quarter, with office delinquencies driving the increase in the third quarter.Click here for more
Homeowners Are Spending Less on Renovation and Remodels
National Mortgage News, Oct. 23-2023-Spencer LeeThe ongoing surge in mortgage rates is leading to more than just a slowdown in lending, interest in remodeling and renovations is drying up as …
Adjustable-Rate Mortgages are Making a Comeback
Adjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest rates in decades for …
Home Insurance Is So High in This Florida Town, Residents Are Leaving
Wall Street Journal, Oct. 17, 2023–Deborah AcostaFlorida’s explosion in insurance premiums threatens to ground the state’s highflying housing market. Florida home prices soared more than 60% since 2019, according to …