'Hard landing' coming for economy due to rising interest rates, banking crisis, warns UNC professor

'Hard landing' coming for economy due to rising interest rates, banking crisis, warns UNC professor

And, as a result, then consumers stop borrowing because of higher interest rates, and then even more pressure from stress in the banking system.
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MBA: Independent Mortgage Banks Got Walloped in 2022 – MortgageOrb

The rapid rise in mortgage rates over a relatively short period of time, combined with extremely low housing inventory and affordability challenges,
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More than 10% of recent homebuyer loans are slipping underwater

Mortgage reperformance bearing up, other consumer debt woes rising. Home loan servicers are watching other indicators like chargeoff rates in the auto
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Why the sale of Ann Arbor's Homepoint mortgage business signals market stress – Detroit News

Michigan is losing another major mortgage lender with the sale Friday of Ann Arbor-based Home Point Capital Inc.'s mortgage originations business
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Routt County real estate sales eclipse $12.9M from March 31-April 6 – Steamboat Pilot

Real estate transactions in Routt County surpassed $12.9 million across 21 sales for the week of March 31 to April 6.
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Non-mortgage debt and delinquencies on the rise: Equifax

High interest rates have applied the brakes to Canada's housing market, with mortgage originations down nearly 40% compared to a year earlier.
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Watch Fallout for the Economy from the Banking Disruptions – Bloomberg

… for the Financial Times, and Chris Ailman, CALSTRTS CIO, weigh in on the March jobs report and the fallout from the banking disruptions.
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Banks Will Merge. Where to Find Winners. – Barron's

With the best-case scenario for bank stocks this earnings season being the proverbial “better than feared,” investors may want to ponder what the
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Paying a mortgage? These 5 tax breaks can save homeowners thousands of dollars – CNBC

Homeownership can be expensive but it also allows for generous tax breaks, such as deductions for mortgage interest, property taxes and more.
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Banking crisis has increased the odds of recession: JPMorgan CEO Jamie Dimon

International Business News: The US bank crisis that hit global markets is likely nearing the end, said JPMorgan CEO Jamie Dimon, while not ruling
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TD launches web accessibility tool – Banking Dive

Created by TD Lab, the bank is piloting the new Adapted Accessibility tool with more than 6,000 U.S. front-line retail employees and aims to expand to
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How This Agent Used YouTube To Grow His Luxury Real Estate Career – Inman

Enes Yilmazer is a content creator and real estate influencer who rose to fame through his real estate channel on YouTube. After posting his first
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Westmoreland County Real Estate Transfers | Real Estate | latrobebulletinnews.com

Westmoreland County Real Estate Transfers · Joseph Oliver to William Evak at 208 Old Mill Road for $1 (state deed transfer stamps indicate a value of
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Broncos banking on Mike McGlinchey to solve longtime right tackle woes – ESPN

After constant offensive line, the Broncos hope McGlinchey is a long-term solution at right tackle.
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Real estate fraud is real and it's on the rise. Here's what you need to know.

An extra step has been added to realtors' to-do lists — making sure sellers are who they say they are. There's an increasing amount of real estate
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Mortgage rates decline as economy shows signs of slowing

Thirty-year mortgage rates declined over the past week, as research data showed signs of economic slowing. … Reporter, National Mortgage News.
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Mortgages rates are freezing – eKathimerini.com

The freeze applies to current mortgage loans with a floating interest rate and which have a reference base of either the 1-month Euribor or the
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Canadian Apartment Properties Real Estate Investment Trust Un stock rises Thursday …

UT, +1.10% advanced 1.10% to C$47.06 Thursday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX
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University of Arizona student wins Wheel of Fortune – AZCentral

University of Arizona sophomore Sydney Roberson took home nearly $60000 and a tropical vacation after being on Wheel of Fortune this week.
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Walker & Dunlop's Female-Led Lending Team is Challenging Industry Norms – Propmodo

“Women in finance and lending are doing amazing work, and it is way past time to see this.” The fact that an all-women-led lending team is newsworthy
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