Wall Street Journal, Jan. 23, 2020–Rachel Louise Ensign, Ben Eisen (subscription)A regulator barred former Wells Fargo & Co. chief executive John Stumpf from the banking industry over the firm’s fake-account …
Category: Top National News
Mortgage Rates Fall to the Lowest Level in Three Months–But this is a Double-Edged Sword for Home Buyers
MarketWatch, Jan. 23, 2020–Jacob PassyMortgage rates slid to the lowest level in three months this past week. But the persistent low-rate environment could have some repercussions for people looking to …
The CEO of CRE Giant JLL Explains How Data is Shaping the Office of the Future
Business Insider, Jan. 23, 2020–Alex Nicoll, Dakin Campbell DAVOS, Switzerland–Real estate, once considered as a tech-phobic industry, is going through a tech revolution. JLL CEO Christian Ulbrich said the company …
Mortgage Rates Sink to Lowest Level in Three Months
Washington Post, Jan. 23, 2020-Kathy Orton Mortgage rates fell to three-month lows and are expected to remain there in the near term. (MBA mention)https://www.washingtonpost.com/business/2020/01/23/mortgage-rates-sink-lowest-level-three-months/
Multifamily Housing: An Innovative Avenue for First-Time Buyers
Washington Post, Jan. 23, 2020–Troy McMullenHistorically low interest rates are encouraging multifamily investments, says Jamie Woodwell, vice president for real estate research at the Mortgage Bankers Association. The number of …
Provident in Massachusetts Buys Warehouse Lending Business
American Banker, Jan. 22, 2020–Paul Davis (subscription)Provident Bank in Amesbury, Mass., has entered warehouse lending after buying a business from People’s United Financial in Bridgeport, Conn.https://www.americanbanker.com/news/provident-in-massachusetts-buys-warehouse-lending-business
NYC Real Estate Data Firm Actovia Salvages Competitor Credifi from Scrap Heap
HousingWire, Jan. 22, 2020–Ben LaneActovia, which bills itself as “New York City region’s leading provider of commercial real estate intelligence and data,” announced this week that it has purchased CrediFi …
Absolute Home Mortgage Acquires Haus Mortgage
National Mortgage Professional, Jan. 22, 2020–Phil HallAbsolute Home Mortgage Corp. announced its acquisition of the origination platform of Haus Mortgage, a residential mortgage originator and digital marketing provider, headquartered in …
U.S. is Short Nearly 4M New Homes: Report
The Real Deal, Jan. 22, 2020–Mary Diduch“We still have a relative lack of supply,” said Mike Fratantoni, chief economist with the Mortgage Bankers Association. “Building has just not kept up …
President Trump Says He ‘Could Get Used to’ Negative Interest Rates–Why You Shouldn’t Wish for that to Happen
MarketWatch, Jan. 2020–Jacob PassyA boom in refinances would also likely occur, as has happened in the U.S. every time mortgage rates have dropped to record lows, said Michael Fratantoni, chief …