Detroit Free Press, May 6, 2021–JC ReindlDetroit-based Rocket Companies, the parent of Quicken Loans, enjoyed a strong start to the year with $2.7 billion in net income, or profit, during …
Category: Top National News
Clouds Are Gathering on the Horizon for CRE Investors
GlobeSt.com, May 6, 2021–Les ShaverThere is a lot of money chasing real estate. The amount of equity in the market, some of which has turned into debt, has put added …
Despite Pandemic, Fewer Homeowners Missing Payments
DSNews, May 6, 2021–Eric C. PeckThe Mortgage Bankers Association’s Research Institute for Housing America found that slightly under five million households did not make their rent or mortgage payments in …
Mortgage Rates Remain Under 3 Percent for Third Week in a Row
Washington Post, May 6, 2021–Kathy OrtonAt the start of the year, it looked like mortgage rates were headed nowhere but up. But lately, they have backslid. According to the latest …
New Home Construction May Offset Historic Housing Shortage
Washington Post, May 6, 2021–Michele LernerThe extreme shortage of homes for sale reached a new low in April, but strength in the construction of newly built homes may ease the …
Joe Biden’s Mortgage Aid Plan Has a Big Problem
The National Interest, May 6, 2021–Rachel BucchinoThe White House allocated $10 billion to provide a financial ledge to homeowners struggling through the crisis, but experts have warned that they may …
Housing Market on Fire: 5 Ways This Boom is Nothing Like The Last One
BankRate.com, May 6, 2021–Jeff OstrowskiA decade after the housing market emerged from a deep downturn, housing is hot again. Indeed, home values are soaring to new highs. With its double-digit …
Joe Biden’s Mortgage Aid Plan Has a Big Problem
The National Interest, May 5, 2021–Rachael BucchinoThe White House allocated $10 billion to provide a financial ledge to homeowners struggling through the crisis, but experts have warned that they may …
Genworth Mortgage Holdings Launches IPO
Mortgage Professional America, May 5, 2021–Candyd MendozaGenworth Mortgage Holdings announced Tuesday that it has started trading on the Nasdaq Global Select Market under the ticker symbol “ACT,” offering $20 to …
Fannie and Freddie Set Dates for their New Refi Option
HousingWire, May 5, 2021–Alex RohaThe Federal Housing Finance Agency didn’t have a set date for its new refi option targeted to low-income borrowers when it announced the program last week. …