Wall Street Journal, Sept. 26, 2023–Konrad PutzierCommercial property owners, already struggling with high interest rates and rising vacancies, face exploding insurance costs that keep hitting new highs.Click here for more. …
Category: Top National News
Blockchain Technology Merits Further Exploration
Scotsman Guide, Oct. 2, 2023–Neil PiersonFinding ways to shorten the lending process is a worthwhile endeavor that benefits the borrower, broker and lender. One of these paths is through greater …
CFPB Unveils Plan to Remove Medical Debt From Credit Reports
National Mortgage Professional, Sept. 25, 2023-Christine StuartThe Consumer Financial Protection Bureau (CFPB) has taken a firm stance in a plan revealed last week to eliminate medical bills from consumer credit …
Student Loan Payments to Resume, Will Modestly Impact Mortgages: Moody’s
HousingWire, Sept. 25, 2023–Flávia Furlan NunesFederal student loan payments resuming on Oct. 1 will negatively affect consumer loan asset quality, including credit card, auto and, to a lesser extent, residential …
ICE to Price Climate Risk in Mortgage Bonds
The Wall Street Journal, Sept. 19, 2023-Matt Wirz (subscription)Bond fund managers have a new way to gauge potential losses from climate change.Click here to read
Mixed Trends in Mortgage Repurchases by Banks
Inside Mortgage Finance, Sept. 21, 2023–Namrata BhatiaMortgage buybacks at banks increased slightly on a quarterly basis in the second quarter, though repurchase volume was down 30.4% on an annual basis …
Can an App Tell You What a House Is Worth?
The Washington Post, Sept. 22, 2023-Tom Peterson (subscription)The numbers pop up so easily. Plug in an address. Click a mouse.Click here to read
Raft of Commercial Mortgage Bond Ratings Were Slashed, Bank of America Says
Bloomberg News, Sept. 25, 2023-Charles E. Williams (subscription)Credit ratings were cut on the highest number of commercial mortgage-backed securities in “recent memory” last week, according to strategists at Bank of …
New Empower Owner Rebrands Business as Dark Matter
National Mortgage News, Sept. 15, 2023–Brad Finkelstein (subscription)Even though the Empower LOS was the second most-used origination platform in the mortgage business, it was commonly seen as taking a back …
House Poor Is Back: ‘The New Normal for the Foreseeable Future’
Fortune, Sept. 18, 2023-Sydney Lake (subscription)While many first-time home buyers struggle to afford a down payment on a house in today’s market, one of the long-term affordability issues centers on …