Wall Street Journal, March 2, 2023–Katherine Clarke (subscription)Real estate insiders across the country say they have seen an acceleration in the number of overseas buyers returning to the U.S. market.https://www.wsj.com/articles/foreign-buyers-who-nearly-disappeared-during-covid-finally-return-to-the-u-s-housing-market-6d98dbe1?
Category: Top National News
Americans Need to Be Richer Than Ever to Buy Their First Home
Bloomberg, March 2, 2023–Paulina CacheroThe U.S. housing market has softened a bit after years of soaring prices and frantic bidding wars, but there’s little reprieve for buyers trying to crack …
Fannie Mae Launches Survey to Make Multifamily Properties Greener
Mortgage Professional America, Mar. 2, 2023–Candyd MendozaThe survey partners include Conservice, CRE Finance Council, Enterprise Community Partners, Mortgage Bankers Association, National Apartment Association, National Council of State Housing Agencies, National …
Majority of Hispanic Americans Own a Home as Incomes Rise
National Mortgage News, Mar. 2, 2023–Alex Tanzi (subscription)A majority of Hispanic Americans now own a home, a milestone that was reached in part thanks to demographics and income growth.https://www.nationalmortgagenews.com/articles/majority-of-hispanic-americans-own-a-home-as-incomes-rise
Fannie Mae: Appraislas are No Longer the Default Option
HousingWire, Mar. 1, 2023–Sarah WheelerFannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal …
More Homebuyers are Paying in Cash, Sweeping a Majority of Sales in Some Markets
National Mortgage News, Feb. 28, 2023–Augusta Saraiva (subscription)The share of all-cash deals rose to the highest since 2013 last year, while institutional investors, who usually account for many cash sales, …
FHA, VA Endorsements Hit Four-Year Low
Inside Mortgage Finance, Feb. 28, 2023–Andras MalatinszkyOriginations of FHA and VA loans fell for the seventh straight quarter in the final months of 2022, to their lowest level since the …
Pimco Is Saddled With a $1.7 Billion Default in Office-Market Meltdown
Wall Street Journal, Feb. 28, 2023–Peter Grant, Konrad Putzier (subscription)Columbia Property Trust feels the fallout of rising interest rates.https://www.wsj.com/articles/pimco-is-saddled-with-a-1-7-billion-default-in-office-market-meltdown-79dcb6fc?mod=hp_major_pos1#cxrecs_s
CFPB is ‘Not Holding Back’ Despite Cloud of Uncertainty from Supreme Court
American Banker, Feb. 28, 2023–Kate Berry, Frank Gargano (suscription)The CFPB said it was “pleased” that the Supreme Court had decided on Monday to take a case about the constitutionality of …
U.S. Watchdog Shutters Mortgage Outfit as High Court Case Looms
Reuters, Sept. 27, 2023–Douglas GillisonThe U.S. consumer financial watchdog agency on Monday said it had permanently barred California mortgage broker RMK Financial Corp. from the mortgage lending industry, accusing it …