National Mortgage News, Apr. 27, 2021–Paul Centopani (subscription)Purchasing power grew for the 14th consecutive month in February but rising property values and mortgage rates are likely to keep listings off …
Category: Top National News
FHFA HPI Up More Than 12 Percent YOY In February
National Mortgage Professional, Apr. 27, 2021–Navi PersaudThe Federal Housing Finance Agency’s Housing Price Index for February 2021 reported a 12.2% in house prices from Feb. 2020 to Feb. 2021.https://nationalmortgageprofessional.com/news/76700/fhfa-more-percent-february
Homeowners and Renters: Tons of COVID-19 Relief Money Available, But It’s Hard to Get
Bankrate.com, Apr. 27, 2021–Zach WichterAs homeowners and tenants continue grappling with the economic uncertainty of the pandemic, the federal government has promised aid to those struggling to meet their mortgage …
United Wholesale Mortgage Targeted in Class Action Lawsuit
Mortgage Professional America, Apr. 27, 2021–David KitaiFlorida-based law firm Parrish & Goodman announced it is representing “a large group of independent mortgage brokers” in a class-action lawsuit against United Wholesale …
Borrowers With Not-So-Perfect Credit May be Eligible for FHA Home Loans
Washington Post, April 27, 2021–Michele LernerWhile just 9.61 percent of mortgage loans in 2020 were Federal Housing Administration loans, which are insured by the FHA to protect lenders, 83.1 percent …
Lower Prices, More Deals as Convention Hotels Jockey for a Recovery
Wealth Management Real Estate, April 27, 2021–Bendix AndersonInvestors spent billions of dollars to buy full-service convention hotels in the first months of 2021. These bigger hotels—which typically include restaurants and …
Shoppers Return to Malls, With an Urge to Spend
Wall Street Journal, April 27, 2021–Esther Fung (subscription)Vaccinated shoppers are heading back to the mall, offering hope that the worst of the pandemic downturn is over for this beleaguered industry.https://www.wsj.com/articles/shoppers-return-to-malls-with-an-urge-to-spend-11619501737?
Appraisal Bill Would Combat Legacy of Redlining
HousingWire, Apr. 27, 2021–Georgia KromreiIn a letter to lawmakers, Bill Killmer, senior vice president of legislative and political affairs at the Mortgage Bankers Association, wrote that the appraisal profession is …
Cities Need Housing. Parking Requirements Make it Harder
Bloomberg, Apr. 26, 2021–Laura Friedman, Donald ShoupThere’s a crisis plaguing cities throughout the U.S. that’s driving up poverty, homelessness and carbon emissions. It lowers quality of life, brings respiratory illness …
Biden’s $15K First-Time Homebuyer Tax Credit Now a Bill
HousingWire, Apr. 26, 2021–Georgia KromreiRep. Earl Blumenauer (D-OR) and Rep. Jimmy Panetta (D-CA) today introduced the new legislation, dubbed the “First-Time Homebuyer Act.” The bill would provide a tax credit …