The Wall Street Journal, Nov. 7, 2023-Craig KarminPrivate-equity giant TPG has started buying single-family homes in Florida vacation markets, where it is renting them out nightly as alternatives to hotels …
Category: Top National News
Bypassing Mortgage Rates: Share of U.S. Homes Bought With Cash Hits Highest Level in Nearly a Decade
The Associated Press, Nov. 9, 2023-Alex VeigaHomebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash.Click here for more
Opinion: Bloomberg Article is Wrong on VA Loan Forbearance
National Mortgage News, November 10, 2023–Christopher WhalenMany mortgage firms around the U.S. spend a great deal of time and money focusing on the needs of veterans at this time of …
The Coastal State Where Home Insurance Is Relatively Affordable
The Wall Street Journal, Nov. 12, 2023-Arian Campo-Flores and Meggan HallerMOBILE, Ala.—When Kelly and Mike Francis saw the home-insurance quotes for the house they wanted to buy here last spring, they had …
Opinion: Bloomberg Article is Wrong on VA Loan Forbearance
National Mortgage News, November 10, 2023–Christopher WhalenMany mortgage firms around the U.S. spend a great deal of time and money focusing on the needs of veterans at this time of …
Climate Change Is Driving Insurance Rates Up, Forcing Developers to Add Weather-Proofing
CNBC, Oct. 31 ,2023-Rebecca PicciottoAlong East Boston’s waterfront sits The Eddy, a two-building property with over 250 luxury apartments. Its harbor-side location provides unobstructed views of the Boston skyline. It …
MBA CEO Calls FSOC Proposal to Regulate Non-Banks “Unnecessary”
MPA, Nov. 1, 2023-Jonalyn CuetoBob Broeksmit, Mortgage Bankers Association’s (MBA) president and CEO, shared in a blog post his insights on the Financial Stability Oversight Council’s (FSOC) proposal in spring …
Large Servicers Gain Market Share in Third Quarter
Inside Mortgage Finance, Nov. 3, 2023–John BancroftThe biggest servicers got bigger in the third quarter of 2023, and they’re not done growing. The top 50 servicing owners had a combined …
Property Insurance Challenges and Urgent Reforms in Focus at Congressional Hearing
MPA, Nov. 3, 2023-Candyd MendozaAs the National Flood Insurance Program (NFIP) expiration nears, the Mortgage Bankers Association (MBA) has raised concerns about the availability of affordable private flood insurance and …
Most Can Raise Their Credit Scores
Banker & Tradesman, Nov 5, 2023–Lew SichelmanThe common wisdom is that would-be homebuyers on the lower end of the credit spectrum will benefit the most from improving their credit scores …