UExpress, Oct. 23, 2020–Lew SichelmanOf the 3,000 members who responded to NAR’s latest safety poll, 14% said they carry a firearm on their person. Male agents were more likely than …
Category: Top National News
Racist Housing Covenants Haunt Property Records Across the Country. New Laws Make Them Easier to Remove
Washington Post, Oct. 22, 2020–Justin Wm. MoyerFacing a national reckoning amid protests and Black people’s deaths at the hands of law enforcement, lawmakers and homeowners are grappling with the legacy …
Stewart Title Acquires Valuation Services Company Pro Teck
HousingWire, Oct. 22, 2020–Kelsey RamirezStewart Appraisal Management announced on Thursday it acquired valuation services company Pro Teck Valuation Intelligence.https://www.housingwire.com/articles/stewart-title-acquires-valuation-services-company-pro-teck/
Reverse Mortgages Available to Borrowers as Young as 60
Orange County Register, Oct. 22, 2020–Jeff LazersonCan’t wait two years to get a reverse mortgage? Now you don’t have to. People as young as 60 can get these looking-glass loans …
Landlords Challenge U.S. Eviction Ban and Continue to Oust Renters
Bloomberg, Oct. 22, 2020–Kriston CappsA lawsuit backed by the National Apartment Association and other challenges aim to undo the national eviction moratorium ordered by the CDC.https://www.bloomberg.com/news/articles/2020-10-22/landlords-launch-legal-attack-on-cdc-eviction-ban?srnd=premium
Do Lending Institutions Have a Discrimination Problem?
Mortgage Professional America, Oct. 22, 2020–Ryan SmithSeveral Senate Democrats on Wednesday introduced a bill that would prohibit financial institutions from discriminating against customers.https://www.mpamag.com/news/do-lending-institutions-have-a-discrimination-problem-236942.aspx
Docutech Purchase Drives First American Information Revenue Up 38%
HousingWire, Oct. 22, 2020–Kelsey RamirezEarlier this year, First American made its latest move toward a fully digital mortgage with its purchase of mortgage tech firm Docutech. Now, that purchase is …
Morgan Stanley Launches $1B Bond for Affordable Housing
GlobeSt.com, Oct. 22, 2020–Kelsi Maree BorlandThere is tremendous industry support for affordable housing projects. Institute of Real Estate Management, the Mortgage Bankers Association and National Association of Realtors have all …
Housing Boom: Sales of Million-Dollar Homes Double
NPR, Oct. 22, 2020–Chris ArnoldA lot more homes would be selling if there was more inventory, says Mike Fratantoni, the chief economist for the Mortgage Bankers Association. “The primary constraint …
Mortgage Servicers Seek to Reach Distressed Borrowers ‘Ghosting’ Them
National Mortgage News, Oct. 22, 2020–Bonnie Sinnock (subscription)“I think we’re all kind of puzzled by customers who haven’t raised their hands for help,” Dana Dillard, executive vice president at Mr. …