ATTOM, Irvine, Calif., said foreclosures and foreclosure starts rose in August, reaching levels not seen since before the pandemic.
Category: News and Trends
Black Knight: Tappable Equity Likely Peaked in Spring
Black Knight, Jacksonville, Fla., said falling home prices likely resulted in homeowners’ tappable equity peaking this past May.
Fitch: Rising Rates, Inflation Weigh on Insurance Sector
Fitch Ratings, Chicago, said inflationary pressures and a potential modest recession could pave the way for a revision of sector outlooks to “Deteriorating” for North American insurers before the year is out.
REITs Finish Second Quarter on Positive Note
Trepp LLC, New York, reported real estate investment trust earnings turned positive in the second quarter as most firms beat their consensus earnings estimates.
MBA Regulatory Compliance Conference in D.C. Sept. 18-20
The Mortgage Bankers Association’s annual Regulatory Compliance Conference takes place Sept. 18-20 at the Grand Hyatt in Washington, D.C.
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“The extent to which this trend will continue–and what it means for the office market–will greatly depend on employees’ and employers’ costs and benefits of being in the office versus remote, and whether a transition to a looser labor market tilts the bargaining table to employers and their preference for more in-person collaboration.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
FHFA Announces ‘Comprehensive Review’ of FHLB System
The Federal Housing Finance Agency on Wednesday announced it will conduct a comprehensive review of the Federal Home Loan Bank System beginning this fall.
MISMO Fall Summit: Ginnie Mae Puts Foot on Pedal
WASHINGTON, D.C.—Ginnie Mae President Alanna McCargo will be the first to tell you that “speed” and “innovation” rarely appear in the same sentence with “federal agencies.” But she’d also be the first to tell you that it is possible.
Redfin: Drought-Affected Areas Seeing Growth
An estimated $17 trillion worth of homes—nearly 25 million properties—experienced intense drought in August, up 42% from a year earlier. It’s not stopping property-hungry borrowers, according to Redfin, Seattle.
FHFA Announces ‘Comprehensive Review’ of FHLB System
The Federal Housing Finance Agency on Wednesday announced it will conduct a comprehensive review of the Federal Home Loan Bank System beginning this fall.