Wall Street Journal, Apr. 15, 2021–Nicole Friedman (subscription)The U.S. housing market is 3.8 million single-family homes short of what is needed to meet the country’s demand, according to a new …
Category: Top National News
Challenges Facing Mortgage Loan Borrowers of Color
DS News, Apr. 14, 2021–Christina Hughes BabbTai Christensen, CBC Mortgage Agency’s Diversity, Inclusion and Equity Officer, explains how and why down payment assistance can help bring more people of color …
Mortgage, Car Loans or Credit Cards: Here’s What Bills People Paid First During the Pandemic
CNN, Apr. 15, 2021–Anna BahneyMaking mortgage payments took priority over other forms of debt payments during the past year, as the home became an essential place for Americans to work, …
Covid Concerns Cause Mortgage Rates to Retreat
Washington Post, Apr. 15, 2021–Kathy OrtonFor seven weeks in a row, mortgage rates steadily moved higher. Then they started pulling back last week. But despite this week’s decline, experts don’t …
New Commercial Real Estate Trend Accelerated by COVID
Fox Business, April 14, 2021–Caroline JoyceThe COVID-19 pandemic is accelerating the new trend of turning commercial real estate graveyards into housing.https://www.foxbusiness.com/real-estate/new-commercial-real-estate-trend-accelerated-by-covid
Biden SEC Pick Gary Gensler Confirmed to Police Wall Street
Bloomberg, Apr. 14, 2021–Benjamin BainThe onetime Obama CFTC chief wins Senate confirmation by a 53-to-45 vote.https://www.bloomberg.com/news/articles/2021-04-14/gensler-confirmed-for-sec-setting-him-up-to-police-wall-street?srnd=premium
The Machine That’s Coming for the Robots
HousingWire, Apr. 14, 2021–Brandie YoungAs mortgage lenders take a good hard look at potential robots and technology solutions, they first must identify the many complex layers of risk the solution …
New Residential To Acquire Caliber Home Loans
National Mortgage Professional, Apr. 14, 2021–Navi PersaudNew Residential Investment Corp. entered into a definitive agreement with its affiliate Lone Star Funds, to acquire Caliber Home Loans, Inc. With the acquisition, …
JPMorgan Profit Soars to Record After Bank Releases Reserves for Bad Loans
Wall Street Journal, Apr. 14, 2021–Orla McCaffrey (subscription)JPMorgan Chase & Co. posted a nearly fivefold increase in quarterly profit, thanks to booming markets and an economic recovery that allowed it …
How Top Producers Used Mortgage Technology in 2020
National Mortgage News, Apr. 14, 2021–Paul Centopani (subscription)When the pandemic arrived and everything went remote, some in teh technologically struggling mortgage industry completely changed out of necessity.https://www.nationalmortgagenews.com/news/how-top-producers-used-mortgage-technology-in-2020