Home Equity Lending News, February 16, 2024The assumption process on first mortgages guaranteed by the Department of Veterans Affairs is broken, and one of the reasons is the lack of …
Category: Top National News
Proposed Bank Capital Rules Threaten US Real Estate Financing, MBA Chief Says
Bloomberg, February 12, 2024–Diana LiThe head of one of the largest mortgage trade groups in the U.S. said proposed rules on bank capital levels have the potential to upend the …
Cash-Flush Buyers Dip Into Distressed Commercial Real Estate
Wall Street Journal, Feb. 12, 2024–Peter GrantWith many owners unable to extend their loans, investors are starting to pounce on these propertiesClick here for more (subscription)
Empty Office Buildings Litter Cities, But Real Estate Expert Says Expect Change Soon
NPR, Feb. 8, 2024–Sacha PfeifferNPR’S Sacha Pfeiffer talks with David Smith, head of Americas Insights at the real estate services firm Cushman & Wakefield, about the empty commercial buildings across …
Modest Uptick in Mortgage Delinquencies Seen in Q4 2023
MPA, Feb. 9, 2024-Candyd MendozaThe last quarter of 2023 saw a noticeable uptick in mortgage delinquencies, signaling a shift in the housing finance landscape, as revealed in the Mortgage Bankers …
Bob Broeksmit: Playing to your Strengths in Business and on Capitol Hill
HousingWire, Feb. 9, 2024–Clayton CollinsHousingWire CEO Clayton Collins talked to an industry leader who is well known to many of you: Bob Broeksmit, the President and CEO of the Mortgage …
‘Zombie Offices’ Spell Trouble for Some Banks
The New York Times, Feb. 8, 2024-Jeanna SmialekGraceful art-deco buildings towering above Chicago’s key business district report occupancy rates as low as 17 percent.Click here for more (subscription)
Yellen Sees More Commercial Real Estate Stress, Losses, but No Systemic Banking Risk
Reuters, Feb. 8, 2024-David LawderU.S. Treasury Secretary Janet Yellen said on Thursday that she expects additional bank stress and financial losses from weakness in the commercial real estate market but …
More Americans Can’t Afford Their Mortgages
Newsweek, Feb. 8, 2024-Alexandar FabinoDespite the declining rates and the robust economy that characterized the U.S. during the fourth quarter, the Federal Reserve’s pursuit of lower inflation has proven to …
Household Debt Reached $17.5 Trillion in Q4 2023
Weekly Real Estate News, Feb. 7, 2024–Phil HallU.S. household debt increased by $212 billion (1.2%) during the fourth quarter of 2023 to reach a total of $17.5 trillion, according to …