National Mortgage News, Feb. 16, 2023–Maria Volkova (subscription)Some experts warn that nonbank home lenders could falter as interest rates rise and the housing market slows. That could have a significant …
Category: Top National News
Starwood Single-Family Rental Firm Stung by Housing Market Slump
Bloomberg, Feb. 15, 2023–Patrick ClarkWall Street-backed landlords have cut jobs and slowed purchases with high borrowing costs weighing on the housing market.https://www.bloomberg.com/news/articles/2023-02-15/starwood-single-family-rental-firm-stung-by-housing-market-slump?srnd=premium
MBA CREF 2023: CRE Loans Benefiting From Prior Value Spike Amid Headwinds
Commercial Observer, Feb. 14, 2023–Andrew CoenA previous sharp rise in commercial real estate values that predated headwinds spurred by the COVID-19 pandemic and rising interest rates provides cushion for some …
What Mortgage Company Changes Mean for Your Home Loan
Washington Post, Feb. 14, 2023–Barbara Marquand (Nerdwallet/Associated Press)Mortgage applications to buy homes dropped almost 40% year over year in the last few months of 2022, and refinance applications were down …
Fannie Earnings Tumble as Provisions Rise
Inside Mortgage Finance, Feb. 14, 2023–Dennis HollierIn its fourth quarter earnings call on Tuesday, Fannie Mae reported a net income of $12.92 billion in 2022, down sharply from $22.10 billion …
Brookfield Defaults on Two Los Angeles Office Towers
Bloomberg, Feb. 14, 2023–John GittelsohnBrookfield Corp., parent of the largest office landlord in downtown Los Angeles, is defaulting on loans tied to two buildings rather than refinancing the debt as …
Older Homeowners are More Likely to be Denied a Mortgage
MarketWatch, Feb. 14, 2023–Alicia H. MunnellGiven that mortality risk has real economic implications for lenders means that the results of this study do not necessarily indicate that lenders are violating …
Status Quo ‘is not Acceptable’ for Home Loan Banks, FHFA Chief Says
National Mortgage News, Feb. 13, 2023–Kate Berry (subscription)For the first time since launching a review last year of the 11 Home Loan banks, Thompson described the path forward for the …
Mortgage Lock Volume Rises for First Time in Nine Months
National Mortgage News, Feb. 13–Brad Finkelstein (subscription)January’s mortgage rate lock activity increased nearly 32% from December, the first increase in nine months, as interest rates continued to inch back down …
Remote Work Is Costing Manhattan More Than $12 Billion a Year
Bloomberg, Feb. 13, 2023–Emma Court, Donna BorakThree years into the pandemic, business leaders and city officials around the world are still trying just about everything to lure employees back into …