Forbes, Sept. 25, 2020–Sean SalasPatty Arvielo, Co-Founder and President of New American Funding, is a first-generation Latina with 39 years of mortgage industry experience and a lifetime of dedication towards …
Category: Top National News
During the Pandemic, Policymakers Should Maintain Forbearance but Fix Its Costs
Urban Institute, Sept. 23, 2020–Michael Neal, Linna Zhu, Faith SchwartzThis brief notes while foreclosure moratoriums and institutional forbearance have indeed helped homeowners keep their homes, to date, but specific forbearance …
Mortgage Refinancing Boom Is Too Automated
Bloomberg, Sept. 25, 2020–Danielle DeMartino BoothThe Covid-19 pandemic has unleashed numerous unexpected economic consequences. One that has turned out to be good for the economy but could end up being …
Some Agents Will Front Repair Costs
UExpress, Sept. 25, 2020–Lew SichelmanSellers who need to bring their kitchens up to date, repair foundation cracks or make other fixes before putting their places on the market might not …
CFPB Missed Opportunity to Call Out Lending Discrimination, Critics Say
American Banker, Sept. 24, 2020–Kate Berry (subscription)The agency’s report on mortgage data submitted by lenders identified persistent disparities between white borrowers and minorities in denial rates and pricing. Some observers …
RE/MAX Acquires Location Intelligence Data Company
HousingWire, Sept. 24, 2020–Julia FalconRE/MAX Holdings has acquired fintech company the Gadberry Group, its second fintech acquisition this month. No financial details were disclosed in Monday’s announcement, but according to …
Better.com Seeks to Ride Refinancing Wave to a $4 Billion Valuation
The Information, Sept. 23, 2020–Cory Weinberg (subscription)An online mortgage loan startup that has seen strong growth from the borrowing surge is now seeking new financing at a sharply higher valuation …
Lawmakers Offer Support for Fed’s New Inflation Strategy
Wall Street Journal, Sept. 24, 2020–Nick Timiraos, Kate Davidson (subscription)Over three days of congressional hearings this week that concluded Thursday, Fed Chairman Jerome Powell received some accolades—and not a word …
Homebuilders are Holding Back Sales Amid Historic Demand
Yahoo! Finance, Sept. 24, 2020–Sarah PaynterHome builders across the country sold homes at a record pace this summer, burning through their supply. To slow down the sales activity, homebuilders have …
Tips for Landlords Going Without Rental Income
Orange County Register, Sept. 24, 2020–Jeff LazersonThere are 8 million independent U.S. landlords, according to the Urban Institute. How many of them are already at risk of loan default or …