balances - Real Estate Investor Pulse

M&A drives some major US lenders’ commercial real estate balances higher

June 9, 2023 Mark Paul Cervantes Comments Off

Some US banks greatly expanded their exposure to commercial real estate loans in recent months as a result of M&A transactions. Commercial real estate (CRE) loans at US banks rose to $2.436 trillion as of […]

Mortgage balances increased by nearly $1 trillion in 2022

February 20, 2023 Mariel Alumit Comments Off

Americans’ debt balances continued to compound in 2022 as inflation put pressure on budgets and the cost of borrowing increased. Aggregate household debt, which includes all outstanding credit market debt held by consumers, increased by […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]