The rate of increase cooled for the 14th straight month in June, dropping over 10% year over year, according to CoreLogic. https://www.nationalmortgagenews.com/news/rent-price-growth-settles-near-pre-pandemic-rate
NextGenMortgage
JPMorgan shutters 14 First Republic branches, more closures expected
The nation's largest bank, which acquired the remains of San Francisco-based First Republic following its failure this spring, has completed its plans to close 21 offices this year. But the consolidation effort is likely to continue....
Credit unions that serve federal workers prep for government shutdown
To help those who may not get paid during a budget deadlock, credit unions are reviving past programs such as low-interest loans, payment deferrals and forms of relief. https://www.nationalmortgagenews.com/creditunions/news/credit-unions-that-serve-federal-workers-prep-for-government-shutdown
CMBS delinquencies surge by more than $13 billion: KBRA
But a great deal of variation in distress levels were reported between individual markets and property sectors, according to two new reports. https://www.nationalmortgagenews.com/news/cmbs-delinquencies-surge-by-more-than-13-billion-kbra
Homebuyers cancel purchases at highest rate in 10 months
Nearly 60,000 deals to purchase homes fell through in August, according to a report released Friday by Redfin Corp. https://www.nationalmortgagenews.com/articles/homebuyers-cancel-purchases-at-highest-rate-in-10-months