Washington Post, Sept. 6, 2023–Robert Gebelhoff (subscription)Home insurance rates are spiking across the country, and they’re only going to worsen as floods and fires intensify. To keep insurance markets stable …
Category: Top National News
Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies
Weekly Real Estate News, Sept. 1, 2023–Phil HallThree new data reports have concluded that more people are taking out mortgages and are willing to pay more for their properties, while …
Rent Control Laws on the National Level? Biden Administration Offers a Not-So-Subtle Push
USA Today, Sept. 5, 2023-Medora LeeAs rents close in on a record high, more Americans, including the federal government, are wondering if it’s time for national rent control that will …
1 in 8 San Francisco Homeowners Lose Money In Sale
Weekly Real Estate News, Sept. 11, 2023–Phil HallA home seller in San Francisco is four times more likely to take a loss on their transaction compared to the average U.S. …
FHA Lifts Long-Standing Hurdle for ‘Rejected’ Borrowers
Mortgage News Daily, Sept. 11, 2023–Bonnie Sinnock (subscription)The Federal Housing Administration is doing away with a requirement that’s been challenging mortgage borrowers and lenders since 1990 in an apparent response …
Agency MBS Issuance Begins to Fizzle
Inside Mortgage Finance, Sept. 11, 2023–John Bancroft (subscription)The half-hearted rally in the agency single-family market enjoyed during the second quarter of 2023 appears to be fading as autumn beckons.https://www.insidemortgagefinance.com/articles/228860-agency-mbs-issuance-begins-to-fizzle?
Servicing Earnings Jump in Second Quarter
Inside Mortgage Finance, Sept. 5, 2023–John Bancroft (subscription)Income tied to mortgage servicing increased significantly in the second quarter of 2023, according to a new analysis by Inside Mortgage Trends.https://www.insidemortgagefinance.com/articles/228798-servicing-earnings-jump-in-second-quarter?
Americans’ Homes Are Worth More Than Ever, but Tapping Into That Value Isn’t Easy
Axios, Sept. 7, 2023-Emily PeckWith interest rates so high, Americans are far less inclined to tap into their home equity this year via cash-out refinances or home equity loans.https://www.axios.com/2023/09/07/equity-loan-home-value-high-interest-mortgages-refinancing
Tips for Inflation-Bitten Budgets to Conquer Mortgage Payment Struggles
Orange County Register, Sept. 7, 2023–Jeff LazersonMortgage delinquencies are low, but that doesn’t mean some homeowners aren’t struggling to pay bills amid rising costs elsewhere in the family budget.https://www.ocregister.com/2023/09/07/tips-for-inflation-bitten-budgets-to-conquer-mortgage-payment-struggles/
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 …