National Mortgage News, Apr. 26, 2021–Bonnie Sinnock (subscription)Mr. Cooper on Monday was working on reversing unauthorized duplicate-payment drafts from some of its borrowers’ bank accounts. The drafts did not affect …
Category: Top National News
Biggest Impediment to Mortgage Growth? Shortage of New Homes
American Banker, Apr. 27, 2021–Hannah Lang (subscription)Lenders have so far been able to navigate around the persistent scarcity in the U.S. housing supply due partly to rock-bottom rates. Yet many …
Can the Housing Market Get Any Hotter? A Guide to Home Buying This Spring
Money, Apr. 26, 2021–Daniel Bortz“The combination of two stimulus packages, the improving economy, quickening vaccination rates and inflationary expectations has led to a pickup in mortgage rates from January’s record-lows,” …
6 Takeaways from Banks’ 1Q Results
American Banker, Apr. 26, 2021Deposits keep flooding in, mortgage lending shows signs of cooling, and bankers can’t agree on when commercial lending will rebound. Here’s what we learned from first-quarter …
Hot U.S. Housing Market to Get Supply Boost With New Listings
Bloomberg, Apr. 26, 2021–Alexandre TanziAmericans who’ve struggled to find an affordable starter home may soon get a break, according to a Realtor.com survey that found that many owners wary of …
New York Community to Buy Flagstar for $2.6 Billion
National Mortgage News, Apr. 26, 2021–Paul Davis (subscription)The merger would create a company with nearly 400 branches, 87 loan production offices and $87 billion of assets.https://www.nationalmortgagenews.com/news/new-york-community-to-buy-flagstar-for-2-6-billion
Housing Gains Narrow The Racial Wealth Gap
National Mortgage Professional, Apr. 26, 2021–Katie JensenA Zillow analysis finds that the racial wealth gap narrowed during the pandemic, due to increased home value and Black homeownership rates. If these …
Is the Housing Market About to Crash? Here’s Why Experts say the Answer is No
Bankrate.com, Apr. 26, 2021–Jeff OstrowskiThe Mortgage Bankers Association expects rates to rise to 3.7 percent by the end of 2021. That would crimp refinancing, but not homebuying. “We don’t think …
Citi Invest in Mortgage Tech in Push to Close Racial Wealth Gap
Bloomberg, Apr. 26, 2021–Jennifer SuraneCitigroup Inc. said it will invest in digital mortgage offerings as part of its pledge to improve homeownership rates among communities of color.https://www.bloomberg.com/news/articles/2021-04-26/citi-invests-in-mortgage-tech-in-push-to-close-racial-wealth-gap
Biden Signed $10 Billion in Mortgage Help for Homeowners. Do You Qualify?
Yahoo! Finance, Apr. 25, 2021–Nancy Sarnoff“It’s the first time Congress has included mortgage assistance in pandemic relief,” says Bob Broeksmit, president and CEO of the Mortgage Bankers Association. “In the …