Wall Street Journal, March 1, 2022–Chip Cutter (subscription)With Omicron cases falling, Citi, American Express, Cisco Systems and others say they spot a window to bring workers back together. Citigroup asked …
Category: Top National News
4 Servicing Changes from the Pandemic that HUD will Keep
National Mortgage News, Feb. 28, 2022–Bonnie Sinnock (subscription)Government agencies within HUD are starting to decide which emergency mortgage-relief programs will become permanent post-pandemic, officials said last week at the Mortgage …
Zillow Makes More Job Cuts
Mortgage Professional America, Feb. 28, 2022–Tony CantuOnline real estate marketplace company Zillow Group Inc. continues to lay off workers after the failure of its Zillow Offers home-flipping product, with 55 …
Repetition Bias Leads To Increased Mortgage Fraud
National Mortgage Professional, Feb. 28, 2022–Katie JensenPoint Predictive Chief Strategist Frank McKenna said that while mortgage lenders have implemented additional tools to identify mortgage fraud, problems related to mortgage applications …
Multifamily Borrowing Closes 2021 on Strong Note; Record Year Anticipated in 2022
Multi-Housing News, Feb. 28, 2022–Jamie WoodwellLoan originations were 79 percent higher in the final three months of the year compared to fourth-quarter 2020, and increased 44 percent from the third …
A Bit of a Tumble in Mortgage Earnings for Depositories
Inside Mortgage Finance, Feb. 28, 2022–Brandon IveyMortgage banking lost some of its luster among banks and thrifts during the fourth quarter, with income declining by 24.8% on a sequential basis, …
Opinion: Closing the Racial Homeownership Gap
National Mortgage News, Feb. 28, 2022–Kristy FerchoThe racial homeownership gap is as large today as it was during the days of segregation, with the white homeownership rate roughly 30 points …
Be Careful Out There
The Housing Scene, Feb. 25, 2022–Lew SichelmanIf you are considering listing your house with a new agent, you might want to think twice, even if she’s your favorite relative. Yes, …
How Fintech Consolidation Could Alter the Banking Landscape
American Banker Feb. 25, 2022–Miriam Cross (subscription)The M&A surge promises to improve the services fintechs offer to many banks. But it’s also creating a new class of full-service competitors.https://www.americanbanker.com/news/how-fintech-consolidation-could-alter-the-banking-landscape
America’s Moneyline Counter-Sues UWM
National Mortgage Professional, Feb. 25, 2022–Katie JensenAmerica’s Moneyline, the high-volume California-based brokerage, is firing back at the nation’s leading wholesale lender, United Wholesale Mortgage, with a countersuit after the lender …