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 …
Category: Top National News
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 …
Study: Sunbelt States Have Higher Household Debt Than Midwest States
Weekly Real Estate News, Oct. 17, 2023–Phil HallSunbelt states that saw rising populations during the pandemic are now grappling with surging household debt while their Midwest neighbors are handling debt …
Study: Sunbelt States Have Higher Household Debt Than Midwest States
Weekly Real Estate News, Oct. 17, 2023–Phil HallSunbelt states that saw rising populations during the pandemic are now grappling with surging household debt while their Midwest neighbors are handling debt …
Banks Report Continued Pain on Commercial Real Estate Loans
Reuters, Oct. 18, 2023-Matt TracyA number of U.S. banks saw continued pain in the third quarter on delinquent commercial real estate (CRE) loans in their portfolios, as stress in the …
2nd Mortgage Capital Markets Heat Up, Banks Report Home Equity Results
Home Equity Lending News, Oct. 23, 2023The closing of TPMT 2023-CES2 is expected to take place on October 31. The $354 million transaction includes more than 4,800 closed-end second mortgages …
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, …
Real Estate Groups Urged the Fed to Stop Rate Hikes. Here’s Why.
ABC News, Oct. 13, 2023-Max ZahnMajor housing industry groups voiced “profound concern” in a letter this week urging the Federal Reserve to stop raising interest rates.Click here for more.
FHFA Nears Target Date for Final Rule on Capital Framework
National Mortgage News, Oct. 10, 2023–Bonnie SinnockThe Federal Housing Finance Agency may soon deliver another capital rule update to a mortgage industry that’s juggling other ongoing and potential policy changes …