Housing markets "continued to weaken" in March and early April, while many Federal Reserve banks reported declining home construction activity in their districts, according to the Fed's Beige Book."Residential real estate activity continued to weaken, with sales declining in many districts and flat in a number of others," the Beige Book says. The Dallas Federal Reserve Bank reported rising inventories of unsold homes, and builders that were "significantly curbing home starts." However, the Boston bank reported that the volume of residential sales across New England showed signs of increasing, though prices remained below 2006 levels. Meanwhile, commercial real estate markets continued to be strong, with reports of robust construction activity in several districts.
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Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
October 2 -
Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
October 2 -
Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
October 2 -
The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
October 2 -
Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
October 2 -
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
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