American Banker, May 11, 2021–Neil Haggerty (subscription)The heads of the biggest banks have a chance to tout the industry’s community outreach during the pandemic. But they can also expect tough …
Category: Top National News
Altisource Earnings Tumble as Foreclosure Protections Remain in Place
National Mortgage News, May 10, 2021–Paul Centopani (subscription)Altisource Portfolio Solutions’ bottom line took a larger hit in the first quarter compared to Q4 2020, causing the company to cut costs.https://www.nationalmortgagenews.com/news/altisource-1q-earnings-tumble-as-foreclosure-protections-remain-in-place
Mortgage Lenders are Competing for Rates–and That’s Good News for Borrowers
Bankrate.com, May 10, 2021–Jeff OstrowskiOne reason? Lenders are flush with profits from a banner year in 2020, and they’ve decided offer better deals to borrowers to compete for business. (MBA …
How Hard is it to Buy a Home Right Now? ‘Beyond Crazy and Frustrating.’
CBS News, May 10, 2021–Aimee PicchiThe pandemic-era real estate market has emerged as a windfall for sellers and a headache for buyers. A shortage of for-sale homes continues to boost …
Revealed–How Many Americans Will Work Remotely Post-Pandemic
Mortgage Professional America, May 10, 2021–David KitaiA survey of 5,000 workers by rental search platform Apartment List found that remote work is likely to remain an option for a significant …
HG Holdings Acquires National Consumer Title
HousingWire, May 10, 2021–Tim GlazeNorth Carolina-based HG Holdings Inc agreed last week to acquire 100% of the equity of Florida-based National Consumer Title Insurance Company — owned by Southern Fidelity …
Wholesale Lenders Relaunch Prime Jumbo–And Not Just Non-QM
National Mortgage News, May 10, 2021–Brad Finkelstein (subscription)While the product was hard to find after the start of the pandemic, the Consumer Financial Protection Bureau’s recent changes to Appendix Q …
Economic Experts Predict Uptick In Commercial Real Estate Activity In 2021
National Mortgage Professional, May 10, 2021–Navi PersaudAs states and cities across the U.S. ease pandemic-induced restrictions, economists believe much of the pent-up demand and consumer savings during the pandemic will …
One-Third of People Who Delayed Mortgage Payments During COVID Used Cash for Groceries, Utilities
USA Today, May 10, 2021–Swapna Venugopal RamaswamyWhile in forbearance, 34% used the cash that would have gone toward their mortgage for essentials like groceries, medical needs, utilities and additional expenses …
The Mortgage Boom Is Fading
Wall Street Journal, May 9, 2021–Orla McCaffrey (subscription)The anticipated decline in mortgage volume is setting off price wars across the industry. That is driving down profit margins and spooking the …