Inside Mortgage Finance, Apr. 12, 2023–John BancroftCombined MBS issuance at Fannie Mae, Freddie Mac and Ginnie Mae was down 21.2% from the fourth quarter and off 66.9% from the first …
Category: Top National News
Houston Apartment Owner Loses 3,200 Units to Foreclosure as Multifamily Feels the Heat
Wall Street Journal, Apr. 11, 2023–Will Parker, Konrad Putzier (subscription)An apartment building investor lost four Houston complexes to foreclosure last week, the latest sign that surging interest rates are beginning …
Office Owners Face Financing Dilemma
Commercial Property Executive, Apr. 11, 2023–Gail KalinoskiThe pressures of rising interest rates and declining property values are making it a tall order for owners to get loans. What are the …
Publicly Traded REITs Tread Water in March; Remain Up for the Year
Wealth Management Real Estate, Apr. 10, 2023–David BodamerDespite some clamor about the state of real estate financing, mortgage REIT balance sheets remain in good shape.https://www.wealthmanagement.com/reits/publicly-traded-reits-tread-water-march-remain-year?
N.Y. Fed Survey: Consumers Say It’s Harder To Get Credit
National Mortgage Professional, Apr. 10, 2023–David KrechevskyThe Federal Reserve Bank of New York’s Center for Microeconomic Data on Monday released its March 2023 Survey of Consumer Expectations (SCE), which showed …
A Bright Spot: Non-Agency MBS Issuance in 1Q23. However…
Inside Mortgage Finance, Apr. 10, 2023–Brandon IveyIssuance of non-agency mortgage-backed securities bounced back in the first quarter after a rough end to 2022, according to a new ranking and analysis …
Depressed NYC Real Estate Prices Yield Bonanza for Savvy Investors
Mortgage Professional America, Apr. 10, 2023–Tony CantuSelect asset classes in New York City’s commercial real estate market are experiencing a decline in prices – reaching levels last seen in 2009, …
Affordable Housing Borrowers Are Available Capital With Stricter Terms
The Crittenden Report, Apr. 7, 2023–Sara HavlenaDespite market volatility, including rising rates, the threat of a recession and recent bank failures, affordable housing is one sector that should still be …
Agency MBS Issuance Slides Further in First Quarter
Inside Mortgage Finance, Apr. 7, 2023–John BancroftProduction of agency mortgage-backed securities fell to its lowest level in nine years in the first quarter of 2023, according to a new ranking …
MBA Asks CFPB to Withdraw Proposed Nonbank Registry Rule
HousingWire, Apr. 6, 2023–Chris ClowThe Mortgage Bankers Association and state-affiliated regulator associations are asking the Consumer Financial Protection Bureau (CFPB) to withdraw a proposed rule requiring nonbank financial services providers …