A report from the Star Tribune in Minnesota. "Jordan Maetche and Alyssa Budion bought a townhouse in Plymouth two years ago — when mortgage rates were at record lows, and sellers called the shots — making their offer quickly and…
A weekend topic starting with Bloomberg. "The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing…
A report from Yahoo Money. "Eighteen percent of homeowners in the U. S. plan on selling their homes within the next twelve months, according to Realtor.com’s 2022 Home Sellers report. This is more than twice the 8% of homeowners that…
A report from Marketplace. "'Marketplace' host Kai Ryssdal spoke with Vivian Gueler, chief financial officer of Pacific Trust Group in Los Angeles, about the mortgage brokerage industry and the housing market. Kai Ryssdal: Every single time we’ve gotten you on…
A report from DS News. "An estimated two million homeowners remain in forbearance plans. By stage, 10.7% of total loans in forbearance were in the initial forbearance plan stage, while 83.1% were in a forbearance extension, and the remaining 6.2%…
It's Friday desk clearing time for this blogger. "Gary Yard is a 56-year-old West Springfield homeowner facing foreclosure. When he and his wife took out a second mortgage on their three-family home in 2010, their interest rate jumped from 7.9%…
A report from Market Watch. "Wall Street’s foray back into lending to homeowners with spotty credit isn’t looking great during the coronavirus pandemic. It’s still early days, but delinquencies on residential mortgages bundled into private bond deals, or without government…
A report from the Wall Street Journal. "Airbnb Inc. said it is slashing 1,900 jobs, or a quarter of its workforce, and cutting investments in noncore operations. Chief Executive Brian Chesky told employees about the cuts in a memo Tuesday,…
A report from the Wall Street Journal on New York. "The urgent inquiries for office space from companies aiming to do business with Amazon have long ceased. The near-constant flurry of calls from would-be investors in commercial buildings and condominiums…
A report from Builder Online on New York. "The number of homes for sale reached new highs in Brooklyn and Queens and jumped to near-highs in Manhattan, according to the Q3 2019 StreetEasy Market Reports. In Manhattan, the index fell…