National Mortgage News, Oct. 2, 2023–Spencer LeeA federal district court in Houston ruled in favor of a class-action plaintiff last week in a three-year-old case involving pay-to-pay fees, approving a …
Category: Top National News
Worried About Living in a Flood Zone? Try a House That Floats.
The New York Times, Sept. 29, 2023-Ronda Kaysen As sea levels rise and storms worsen, threatening the planet’s fragile coastlines, some architects and developers are looking to the water not …
Housing Affordability Declines in August – Report
MPA, Sept. 29, 2023-Jonalyn CuetoNew data from the Mortgage Bankers Association (MBA) show the national median payment applied for by purchase applicants has increased slightly to $2,170 compared to July’s …
CFPB Finds Big Jump in Mortgage Payments and Costs Due to High Rates
American Banker, Sept. 27, 2023-Kate BerryThe Consumer Financial Protection Bureau said that higher interest rates have wreaked havoc on the mortgage market causing monthly payments to skyrocket for new homebuyers …
Fed’s Kashkari Warns of Possible Need for More Rate Hikes
Wall Street Journal, Sept. 26, 2023–Bob FernandezNeel Kashkari, president of the Federal Reserve Bank of Minneapolis, gives the U.S. economy a 60% chance of a soft landing with one more …
Surging Insurance Costs Have Come for Office Landlords
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. …
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