CommercialSearch, Aug. 30, 2023–Fotios TsarouhisIn the office market, obtaining backing for new office builds and lining up acquisition financing for M&A deals will prove tough in this environment. But refinancing …
Category: Top National News
Lenders Ramp Up CRE CLO Modifications
GlobeSt.com, Aug. 31, 2023–Erik Sherman (subscription)Many in CRE have either wondered when the distressed fire sales would come up for grabs or thought that distress won’t appear in a big …
Chase Becomes Top Jumbo Servicer in Second Quarter
Inside Mortgage Finance, Aug. 31, 2023–James Dohnert (subscription)The number of jumbo mortgages being handled by the top 30 servicers increased in the second quarter of 2023, according to a new …
Jumbo Production Rises, JPM the Market Leader
Inside Mortgage Finance, August 30, 2023–James Dohnert (subscription)The top jumbo producers for the first half of the year include JPMorgan, Wells Fargo and BofA.https://www.insidemortgagefinance.com/articles/228765-jumbo-production-rises-jpm-the-market-leader?
ICE’s Black Knight Purchase to Close on Sept. 5
National Mortgage News, August 28, 2023–Brad Finkelstein (subscription)Intercontinental Exchange’s acquisition of Black Knight should close on Sept. 5 following the parties entering into a consent order with the Federal Trade …
U.S. Housing Market Faces New Hurdle: Student Loan Repayments
Fox Business, Aug. 29, 2023-Megan HenneyThe U.S. housing market has been over the past year walloped by high mortgage rates and a worsening inventory shortage.https://www.foxbusiness.com/economy/us-housing-market-faces-new-hurdle-student-loan-repayments
Welcome to the ‘Nepo’ Housing Market: 40% of Homebuyers Under 30 Get Family Money to Cover Their Down Payment
Fortune, Aug. 28, 2023-Alena Botros (subscription)There’s this consensus that people who come from money are at an advantage, Redfin’s chief economist, Daryl Fairweather, explained—but it made her think: How does …
Housing Crunch: Bank Cops Under Fire for Moving to Tighten Mortgage Rules
Politico, Aug. 29, 2023–Katy O’Donnell, Victoria Guida (subscription)Civil rights and housing groups are forming an unlikely alliance with banks because they say a Federal Reserve proposal would upend the mortgage …
Insurance Industry Braces for Hurricane Idalia
The Wall Street Journal, Aug. 29, 2023-Deborah Acosta (subscription)Insurance premiums have tripled for Florida homeowners in the past five years, from an average of $1,988 in 2019 to $6,000, according …
The Week Ahead: Property Insurance and Its Impact on Consumers
DS News, Sept. 1, 2023–Eric C. PeckThis coming week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs will present a hybrid hearing titled, “Perspectives on Challenges in the …