HousingWire, May 17, 2023–James KleimannWith housing affordability at an all-time low, supply is going to have to come from baby boomers, who are less sensitive to mortgage rates or don’t …
Category: Top National News
Pause on Student Loan Payments About to End for Millions
The Hill, May 17, 2023–Lexi Lonas, Alex GangitanoOptimism that the White House would keep offering borrowers relief from making their payments was crushed last week, when Education Secretary Miguel Cardona …
Housing Affordability is Becoming a Political Flashpoint
Axios, May 17, 2023–Caitlin OwensDebates around housing are watched especially closely by suburban voters, a segment of the population likely to determine the outcome of the 2024 elections. “It has …
Fraud Scheme Ends in Conviction of California Mortgage ‘President’
National Mortgage News, May 16, 2023–Spencer Lee (subscription)Robert Sedlar, former president of Grand View Financial, was found guilty in state Superior Court in Sacramento, California, on counts that included conspiracy, …
Majority of Americans Aren’t Sold on Mortgages — What’s Not To Love?
Yahoo!Finance, May 16, 2023–Jennifer TaylorWhen asked their level of agreement with the statement, “Mortgage is the best solution when buying a home,” 44% of Americans were neutral and 14% disagreed, …
Report: Academy Mortgage Targeted By Ransomware Group
National Mortgage Professional, May 16, 2023–David KrechevskyAcademy Mortgage, a Utah-based independent mortgage lender with branch offices in 38 states, has been targeted by a ransomware group that has published some …
Rise in Distressed Sales Signals New Chapter for Beleaguered Office Market
Wall Street Journal, May 16, 2023–Peter Grant (subscription)Property owners are starting to unload troubled office buildings at fire-sale prices, a sign that the office market slump is moving into a …
U.S. Bank Regulators Vow Tougher Rules, Oversight After Bank Failures
Reuters, May 16, 2023–Pete Schroeder, Ann SaphirFed Vice Chair for Supervision Michael Barr said the agency was “carefully considering” rule changes for larger regional banks of over $100 billion in …
Chicago’s Empty Office Towers Threaten Its Future as a Major Financial Hub
Bloomberg, May 15, 2023–Isis Almeida, Shruti SinghIn the heart of Chicago’s financial center, a seven-story building occupying much of a city block was once home to the world’s largest options …
On the Rise: Loan Broker Market Share
Inside Mortgage Finance, May 15, 2023–Andras MalatinszkyAgency loan sales fell 22.4% to $192.27 billion in the first quarter of 2023 as interest rates remained elevated in the wake of federal …