CNN, Oct. 16, 2023–Anna BahneyAdjustable-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 …
Category: Top National News
Philly Fed President Harker: “We Are at the Point Where We Can Hold Rates”
HousingWire, Oct. 16, 2023–Connie KimPhiladelphia Federal Reserve President Patrick Harker advocated for stopping interest rate hikes, noting that disinflation is under way. “I believe that we are at the point …
The Fed is Likely Done With Interest Rate Hikes: MBA Forecast
Fox Business, Oct. 16, 2023–Nora ColomerThe Federal Reserve may reach its 2% inflation target rate by early 2025 and it is likely done with its restrictive monetary policy, Mike Fratantoni, …
Mark Jones Takes The Reins As Chairman Of Mortgage Bankers Association
National Mortgage Professional, Oct. 16, 2023–Christine StuartAt the Mortgage Bankers Association’s 2023 Annual Convention & Expo in Philadelphia, Mark Jones, president of Union Home Mortgage, was inaugurated as chairman.Click here …
Non-Agency MBS Issuance Gains Momentum in 3Q23
Inside Mortgage Finance, Oct. 16, 2023–John BancroftIt’s not where it was a year ago, but the non-agency MBS market continued to gain steam during the third quarter of 2023.Click here …
Freddie Mac Exec Sees Progress on Repurchases, Down Payment Hurdles
National Mortgage News, Oct. 16, 2023–Bonnie SinnockFreddie Mac is making some headway in addressing two pain points in mortgage lending: the complexities involved in navigating down payment assistance programs and …
The Cost of Homeownership Spiraled Upwards Last Year. Here’s What Happened
CNN, Oct. 10, 2023-Anna BahneyEverything about financing a home purchase surged last year, from mortgage rates to fees and discount points, according to a report from the Consumer Financial Protection …
Active Fund Managers Increased Allocations to Healthcare, Residential and Data Center REITs
Wealth Management Real Estate, Oct. 12, 2023–David BodamerRecent Nareit research looked at actively-managed real estate funds, REIT balance sheets and the state of ESG among publicly-traded real estate investors.Click here for …
Title and Wire Fraud Risk Appeared in Nearly Half of 3Q Loans
National Mortgage News, Oct. 13, 2023-Spencer LeeSigns pointing to the threat of wire or title fraud declined from earlier this year but still showed up in nearly half of all …
You’ve Never Had It So Good. That’s Why You’re Stuck.
The Wall Street Journal, Oct. 13, 2023-Joe Pinsker and Callum BorchersAcross the country, people want to find better jobs, bigger homes and even nicer gyms. But making any of those …