Orange County Register, Sept. 10, 2020–Jonathan LansnerThe price of lumber, a key home construction material, has tripled off its mid-lockdown lows. The surge could raise construction costs by $16,000 a …
Category: Top National News
No “Rout” About It: Real Estate Tech Stocks Rebound
The Real Deal, Sept. 10, 2020–E.B. SolomontReal estate tech stocks rallied Wednesday after a three-day tech rout roiled the market. Zillow, CoStar and Redfin posted gains after Nasdaq’s 10% drop …
Marriott to Lay Off 17% of Corporate Staff Next Month
Washington Post, Sept. 10, 2020–Dee-Ann DurbinMarriott International plans to lay off 17% of its corporate workforce next month as the coronavirus continues to take a heavy toll on the hotel …
Broeksmit Talks Adverse Market Fee, Non-QM’s Future And More
National Mortgage Professional magazine, Sept. 10, 2020–Navi PersaudWednesday’s Mortgage Leadership Outlook episode featured MBA President and CEO Robert Broeksmit, CMB. He discussed the FHFA-MBA relationship, the adverse market fee and …
Value-Add Strategies That Could Work for Distressed Assets
GlobeSt.com, Sept. 10, 2020–Les ShaverWhile many lenders have soured on the retail and hospitality space, Mark Fogel isn’t among that group. Fogel, the CEO of ACRES Capital and the President …
Share of Ginnie Mae Mortgages in Forbearance Increased Again
MortgageOrb, Sept. 9, 2020–Michael BatesThe share of mortgages in COVID-19-related forbearance plans continued to fall last week, driven by an eight-basis-point drop in the share of Fannie Mae and Freddie …
Did You See the Low Interest Rates? Mortgage Industry Booms as Home Sales, Refinances Skyrocket
Pittsburgh Post-Gazette, Sept. 9, 2020–Tim GrantThe mortgage industry was hot even before the COVID-19 pandemic hit in March. But in recent months, homeowners have been in a mad rush to …
The Real Estate Market Is Hot. First-Time Buyers, Keep Your Cool
NerdWallet, Sept. 9, 2020–Barbara MarquandIn a competitive market, it’s natural to worry about losing out to other buyers—don’t let it lure you into overspending or getting the wrong house.https://www.thestreet.com/personal-finance/real-estate-market-hot-first-time-buyers-keep-your-cool-nw?
Purchase Market Remains Resilient as Mortgage Applications Gain 2.9%
HousingWire, Sept. 8, 2020–Alex RohaLast week’s drop in rates spurred a rebound in refinance activity.https://www.housingwire.com/articles/purchase-market-remains-resilient-as-mortgage-applications-gain-2-9/
CoreLogic Stockholders Will Decide Board’s Fate on Nov. 17
HousingWire, Sept. 8, 2020–Sarah WheelerOn Nov. 17, stockholders of CoreLogic will get to cast their vote on whether to replace the current board of directors with nominees proposed by Cannae …