CRA proposed rule faces scrutiny as October comment deadline nears

The homeownership journey has become more difficult than ever, leaving younger generations convinced that financial stability lies in renting. Yet, according to a new survey by Clever, two-thirds of homeowners (68%) report being satisfied with their financial situation, compared to fewer than half of nonhomeowners (47%). With mortgage costs reaching yearly highs, escrow payments climbing,…

Denver’s office market is showing glimmers of hope that indicate a shift toward stabilization, but brokers say it will take time to turn the market around.  Last quarter, Denver reported its strongest net absorption and leasing activity since the first quarter of 2022, according to Cushman & Wakefield and CBRE. Total leasing activity reached 1.7M…

The Northern Territory’s strongest opportunities are no longer limited to Darwin’s inner suburbs, with fast-growing communities on the city’s fringe attracting increasing attention according to SPI’s FAST 50 report. Zuccoli has established itself as one of Palmerston’s fastest-evolving residential markets, where modern housing, strong rental performance, and a growing local population have continued driving demand…

The Mortgage Bankers Association (MBA) published research Friday in support of phasing out tri-merge requirements in mortgage underwriting for applicants boasting credit scores over certain thresholds. The Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced in mid-April that the government-sponsored enterprises would begin accepting home loans underwritten using VantageScore 4.0 on…

Key insight: The debts of a wealthy art collector and real estate mogul have opened an opportunity for Oklahoma’s Bank7 to acquire Century Bank of New Mexico. Supporting data: Bank7 has offered to pay $68 million for a 71% stake in the Santa Fe lender. Expert quote: “I think it’s a very compelling opportunity for…