Wall Street Journal, May 8, 2023–Will Parker (subscription)A handful of California cities are still enforcing laws that protect tenants from eviction or rent increases, extending pandemic-era policies that most of …
Category: Top National News
Struggling FHA Borrowers Can Now Get A 40-Year Mortgage Modification
Forbes, May 5,2023–Natalie Campisi This type of loan do-over isn’t new. FHA used 40-year loan modifications during Covid to help borrowers affected by the pandemic stay in their homes. And …
Real Estate Debt Funds Aim to Be Players on Opportunistic, Distressed Strategies
Wealth Management Real Estate, May 5, 2023–Mary DiduchWith trouble roiling the banking sector, attention has turned to real estate debt funds to pick up market share. And indications that some …
Large Firms Gain GSE Servicing Share, Led by Chase
Inside Mortgage Finance, May 5, 2023–Dennis HollierChase Home Finance quietly became the largest servicer of mortgages backed by Fannie Mae and Freddie Mac, according to a new ranking and analysis.https://www.insidemortgagefinance.com/articles/227737-large-firms-gain-gse-servicing-share-led-by-chase?v=preview
Wall Street is Running Away From the Housing Market. But Why?
Fortune, May 5, 2023–Lance LambertIt makes sense that the Pandemic Housing Boom saw a flood of institutional homebuying. Low interest rates, easy access to capital, soaring rents and skyrocketing home …
New York State Considers Raising Reverse Mortgage Borrower Age
WRE News.com, May 5, 2023–Phil HallState Assembly Bill A5877 would also make additional changes to the state’s reverse mortgage laws including provisions for reverse mortgages and cooperative apartments, defining the …
Bank Failures Are Tightening Credit, Says Davidson Kempner’s Yoseloff
Bloomberg, May 5, 2023–Erin HudsonRegional bank collapses are cutting into credit availability, doing some of the Federal Reserve’s work as the central bank looks to tighten credit, said Tony Yoseloff, …
Delinquencies on Agency Loans Down in First Quarter
Inside Mortgage Finance, May 4, 2023–Namrata BhatiaThe performance of loans in agency mortgage-backed securities improved significantly in the first quarter of 2023 after three quarters of rising delinquencies, according to …
Freddie Earnings Remain Stable in First Quarter
Inside Mortgage Finance, May 3, 2023–Dennis HollierFreddie’s profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.https://www.insidemortgagefinance.com/articles/227704-freddie-earnings-remain-stable?v=preview
$154M Mortgage for Minneapolis’ IDS Center in Limbo
StarTribune (Minneapolis), May 3, 2023–Burl GilyardThe deadline to pay off a large mortgage balance for the owner of IDS Center in downtown Minneapolis has come and gone without resolution. The …