Bloomberg, Apr. 20, 2021–Alexander TanziThe U.S. poverty rate rose to 11.7% in March, the highest level yet during the pandemic following an increase in the latter part of last year …
Category: Top National News
Mortgage Lenders Say Remote Work Cut Costs, Hint at New Office Model
National Mortgage News, Apr. 20, 2021–Bonnie Sinnock (subscription)Mortgage lenders say remote work cut costs, hint at new office modelMortgage companies are giving remote operations mixed reviews and indicated they plan …
More Hispanic Americans Are Buying Homes, Helping Stoke Hot Housing Market
Wall Street Journal, Apr. 20, 2021–Nicole Friedman (subscription)The number of Hispanic-homeowner households rose by more than 700,000 to nearly 9 million in 2020, according to Census Bureau data compiled by …
The Appraiser Can’t Be Replaced by Technology–Here’s Why
HousingWire, Apr. 20, 2021–Shawn Belford“While MBA supports the ongoing development of such tools, MBA also acknowledges the need for appraisers and lenders to provide some level of oversight and due …
Increasing Racial and Ethnic Diversity Will Drive Homeownership over the Next Two Decades
Urban Institute, Apr. 20, 2021–Laurie Goodman, Jun ZhuUI says its projections for Texas, Georgia, California and Minnesota—states with very different racial and ethnic compositions—show the wide range of homeownership trajectories …
More Homeowners are Leaving Mortgage Forbearance–But Still Need Help
Yahoo! Money, Apr. 20, 2021–Janna Herron“Borrowers are entering a deferral plan or mortgage modification,” Mortgage Bankers Association Chief Economist Mike Fratantoni said. “Maybe they’re back at their job and can …
Central Banks to Pour Money Into Economy Despite Sharp Rebound
Bloomberg, Apr. 19, 2021In Bloomberg’s quarterly review of monetary policy covering 90% of the world economy, the Federal Reserve, European Central Bank and Bank of Japan are among the 16 …
What Agency Limits on Investment Lending Mean for Mortgage
Mortgage Professional America, Apr. 20, 2021–David KitaiThe Federal Housing Finance Agency’s decision to scale back its purchases of second-home and investment property mortgages to 7% of a lender’s total pipeline …
Knox Financial Announced $10 Million in Series A Funding
HousingWire, Apr. 19, 2021–Tim GlazeFintech company Knox Financial announced Monday a $10 million Series A funding round, led by G20 Ventures. That’s $14.7 million of total funding to-date for Knox.https://www.housingwire.com/articles/knox-financial-announces-10-million-in-series-a-funding/
Libor-Replacement Competitor Gains Strength From New Offerings
Wall Street Journal, April 19, 2021–Julia-Ambra Verlaine (subscription)Financial industry pioneer Richard Sandor is ramping up his efforts to compete in the race to replace the London interbank offered rate, which …