Inside Mortgage Finance, Nov. 19, 2021–John BancroftCommercial banks and savings institutions continued to build up their residential MBS holdings during the third quarter, according to a new Inside MBS & …
Category: Top National News
Ishbia Postpones Secondary Offering of UWM Stock after Price Falls
National Mortgage News, Nov. 19, 2021–Brad Finkelstein (subscription)An entity controlled by UWM Holdings Chairman and CEO Mat Ishbia has reversed course and postponed its planned secondary stock offering as the …
Lawsuit Accuses Zillow Execs Of Misleading Shareholders
National Mortgage Professional, Nov. 19, 2021–Katie JensenThe lawsuit alleges misstatements and omissions by Zillow executives drove up share prices that later plummeted when Zillow had to shut down operations.https://nationalmortgageprofessional.com/news/lawsuit-accuses-zillow-execs-misleading-shareholders
Home Sales–and Prices–Expected to Decline over Next 2 Years
Inman, Nov. 19, 2021–Matt CarterIf it starts to look like inflation is more than transitory, then mortgage rates could move “decidedly higher,” the Fannie Mae report said. That’s the view …
Cold-Calling to Find a Willing Seller
UExpress, Nov. 19, 2021–Lew SichelmanThe latest evidence indicates the market is tightening again — not loosening, as had been expected. At this writing, the number of new listings has declined …
Doorvest Closes $39M in Funding, Moves into iBuying as Zillow Departs
National Mortgage News, Nov. 18, 2021–Bonnie Sinnock (subscription)Doorvest, a rental real-estate investment startup that refers some of its local customers to mortgage companies for financing, has received $39 million in …
iLender Offers Calif. Home Sellers Up to $3 Million Guaranteed if Buyer Falters
Orange County Register, Nov. 18, 2021–Jeff LazersonA new breed of lenders – called iLenders – has emerged. Their business plans vary, but in essence, they buy the house for you …
A Bipartisan Grilling for OCC Nominee
American Banker, Nov. 18, 2021–Brendan Pedersen (subscription)The Biden administration’s nominee to lead the Office of the Comptroller of the Currency took heat from members of both parties, leaving serious questions …
UWM’s Latest Product Does Not Require Mortgage Insurance for Purchases
National Mortgage News, Nov. 18, 2021–Brad Finkelstein (subscription)The latest purchase loan product offering from United Wholesale Mortgage does not require private mortgage insurance when the borrower is putting more than …
CVS to Close 900 Stores Over Three Years
Wall Street Journal, Nov. 18, 2021–Sharon Terlep, Michael Dabaie (subscription)CVS Health Corp. said Thursday it will close 900 stores over the next three years, nearly 10% of its U.S. locations, …