Mortgage Professional America, Apr. 2, 2020–Candyd MendozaAs more lenders integrated technology in their mortgage processes, costs associated with mortgage closings remained flat in 2019. On average, closing costs for a …
Category: Top National News
HouseCanary Acquires Tech Startup Dropmodel
National Mortgage Professional, Apr. 2, 2020HouseCanary announced acquisition of Dropmodel, a tech startup with analytic and financial modeling platforms for the single-family real estate asset class. In addition, Dropmodel Co-Founder …
Reverse Mortgage Lender Settles False Claims Act Charges for $2.5M
National Mortgage News, Apr. 2, 2020–Brad Finkelstein (subscription)Finance of America Reverse agreed to pay $2.5 million to settle allegations that a company it acquired violated the False Claims Act for …
MBA Announces 2019’s Top Commercial/Multifamily Mortgage Originators
National Mortgage Professional, Apr. 2, 2020 According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association, JLL, Wells Fargo and Eastdil Secured led …
Preventing the Pending Collapse of the Real Estate Market
Commercial Observer, April 2, 2020–Greg KrautThe commercial mortgage-backed securities market has essentially collapsed and the broader $20 trillion commercial real estate market is on the verge of collapse as well. …
March Data Is In — And It’s Not Good News For Housing
Forbes, Apr. 2, 2020–Aly J. YaleMarch is now in the rear-view, and thanks to the month’s data, we now have a good idea of just how much the growing COVID-19 …
America’s Housing Market is Showing the First Signs of Trouble Because of the Coronavirus Pandemic
MarketWatch, Apr. 2, 2020–Jacob PassySellers appear to be holding off on listing their homes for sale in anticipation of less buyer traffic during the normally busy spring home-buying season. (MBA …
Mortgage Rates Tumble as Lenders Face Increasing Difficulties
Washington Post, Apr. 2, 2020–Kathy OrtonAs mortgage rates continued their slide this week, lenders faced new challenges as they try to keep up with refinancing demand and cope with costly …
Bank of America Lets 50,000 Mortgage Borrowers Skip Payments
Bloomberg, Apr. 1, 2020–Prashant GopalBank of America said it has agreed to allow 50,000 mortgage customers to defer payments for three months because they’ve lost income as a result of …
New York State Reverses Prohibition on In-Person Showings, Appraisals
HousingWire, Apr. 1, 2020–Sarah WheelerNew York state announced Wednesday that it will allow those in real estate to resume providing some services, such as in-person showings, appraisals and inspections, something …