Watching the Real-Estate Bust
The pandemic severely affected mall retailers. The mall’s occupancy plummeted from 96% to below 50%. Owners Unibail-Rodamco-Westfield and Brookfield Properties ceased mortgage payments, and by...
How the Bank Mess Can Hit Home Buyers
Lenders probably aren’t going to be buying many mortgage bonds, which could put upward pressure on mortgage rates. [ad_2] Source link...
10 banks that may face trouble in the wake of the SVB Financial Group debacle
(Updated with news of Silicon Valley Bank’s failure.) As interest rates have risen, many banks have become more profitable because the spreads between what they...
‘The U.S. housing market is crumbling under the weight of higher mortgage rates and rock-bottom affordability’: Prices fell the most in these U.S. states
Americans are finding it hard to afford homes at mortgage levels now beyond 7%, according to some measures. Home prices have begun to reflect that....
More Homeowners Using Helocs as Financial Safety Net
As high interest rates drive up the cost of borrowing money, more people are tapping the equity in their homes. Americans took out $66 billion...
Higher Interest Rates Fuel Losses at the Federal Reserve
Economy U.S. Economy The central bank is now paying out more in interest expenses than it earns in interest income [ad_2] Source link...
Recession Fears Hit Risky Mortgage Debt Amid Default Concerns
Markets Finance Faltering home prices are hurting investors’ demand for junk-rated mortgage securities sold by housing giants Fannie and Freddie [ad_2] Source link...
As Mortgage Rates Top 6%, More Borrowers Choose Adjustable-Rate Loans
Mortgage rates surged past 6% this week, pushing already pricey homes further out of reach for many borrowers. Discouraged buyers might choose to hold off,...
Rising Rates Are Battering Mortgage Lenders
Mortgage lenders are scrambling to survive a sharp drop-off in the number of homeowners refinancing their loans, with demand drying up as interest rates rise....
More Subprime Borrowers Are Missing Loan Payments
Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending...