The Wall Street Journal, May 21, 2024-Kate KingNational drugstore chains, once resistant to the retail apocalypse that swept across the U.S., are finally succumbing to competition from online shopping and …
Category: Top National News
Mortgage Forbearance Rates Flatline in Early 2024 – MBA
MPA, May 21, 2024The number of homeowners seeking relief through mortgage forbearance programs has remained stagnant for the first four months of 2024, according to the latest data from the …
How Some Homebuyers Are Snagging Rare, Sub-4% Mortgages
Axios, May 21, 2024-Emily PeckHomebuyers typically covet amenities like walk-in closets or cold-plunge pools — but the latest hot thing in the housing market is the old-school sub-4% mortgage.Click here …
Patty Arvielo Is Living Her Family’s American Dream as a Top Mortgage CEO
NewsLink, May 21, 2024–Lauren GiellaPatty Arvielo has become her family’s American dream. As a first-generation Hispanic, she grew up cleaning real estate offices with her mother, an immigrant from Mexico, …
Chopra: Credit Reporting Industry’s Fee Hikes “Raise Big Questions”
HousingWire, May 21, 2024–James KleimannCFPB head Rohit Chopra took to the stage at MBA Secondary to say that credit reporting agencies and FICO are ripping off consumers and lenders.Click here …
Housing Affordability To Improve In These Metros With Lower Mortgage Rates
Benzinga, May 17, 2024–AJ FabinoA joint report issued by Realtor.com and the National Association of Realtors suggests that certain metropolitan areas could see significant improvements in affordability if mortgage rates …
CFPB Calls Out “Price Gouging” in Credit Reporting
National Mortgage News, May 21, 2024–Spencer LeeAt an industry conference, Consumer Financial Protection Bureau Director Rohit Chopra said he was open to suggestions on how to increase choice and competition …
Real Estate Downsizing Finally Comes for Your Pharmacy
Wall Street Journal, May 21, 2024–Kate KingCVS, Walgreens and Rite Aid are closing hundreds of stores as discount retailers and e-commerce outlets increase competition.Click here for more (subscription)
The Lock-In Effect is Keeping Homes Off the Market. How Long Will it Last?
Bankrate, May 20, 2024–Jeff OstrowskiAs mortgage rates plummeted to record lows in 2020 and 2021, homeowners made the logical decision to snap up cheap money and refinance. Now that rates …
What’s Holding Up Your Home Loan? Avoid These Pitfalls to Speed the Process
Orange County Register, May 20, 2024–Jeff LazersonHomebuyers, you’ve only just begun when income documentation, pay stubs, and down payment sourcing arrives in the hands of a mortgage broker.Click here for …