The Hill, Apr. 14, 2021–Karen PetrouThe author says regulators can and should create positive incentives to offset the cost of small loans by, for example, reducing the cost to capital …
Category: Top National News
Mortgage Refinance Demand Hits Lowest Level in Over a Year, and Homebuyers Retreat, Too
CNBC, Apr. 14, 2021–Diana OlickIt was a mixed week for rates, which started high and then fell slightly, but the damage was done early. Total mortgage application volume decreased 3.7% …
U.S. Mortgage Bankers Enjoy Record Profits in 2020, Despite COVID Outbreak
World Property Journal, Apr. 14, 2021According to the Mortgage Bankers Association’s newly released 2020 Annual Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks made an …
Mortgage Rates Are Dipping Again–What That Means For Your Business
Mortgage Professional America, April 14, 2021–David KitaiAfter consistent weeks of rising rates and dropping refi volume, the benchmark 30-year loan rate dropped down to 3.13% last week, from 3.18% the …
Redfin: Selling Your Home? List it Midweek
HousingWire, April 13, 2021–Tim GlazeA new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes …
Biden’s Infrastructure Plan Calls for Cities to Limit Single-Family Zoning and Instead Build Affordable Housing
USAToday, April 14, 2021–Romina Ruiz-GoirienaPresident Joe Biden wants cities to put more apartment buildings and multifamily units such as converted garages in areas traditionally zoned for single-family housing. As part …
Real Estate Investors Bet on Patients’ Return to the Doctor’s Office
Wall Street Journal, April 14, 2021–Peter Grant (subscription)Medical offices have gained favor as doctors have continued to pay their rent amid the pandemic.https://www.wsj.com/articles/real-estate-investors-bet-on-patients-return-to-the-doctors-office-11618315227?
U.S. Consumer Prices Post Biggest Gain in 8-1/2 Years as Economy Re-Opens
Reuters, Apr. 13, 2021–Lucia MutikaniU.S. consumer prices rose by the most in more than 8-1/2 years in March as increased vaccinations and massive fiscal stimulus unleashed pent-up demand, kicking off …
Trump Gutted Obama-Era Housing Discrimination Rules. Biden’s Bringing Them Back
Washington Post, Apr. 13, 2021–Tracy JanHousing Secretary Marcia L. Fudge moved this week to reinstate fair housing regulations that had been gutted under President Donald Trump, in one of the …
Title Insurers Wrote Nearly $20 Billion in Premiums in 2020
HousingWire, Apr. 13, 2021–Tim GlazeTitle insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to …