Bloomberg, June 23, 2021Even as others fret about the future demand for office space, Tishman Speyer spent $12 billion over the past year on deals it expects “to be some …
Category: Top National News
Weekly Mortgage Refinancing Demand Jumps as Some Fear End of Super-Low Rates is Near
CNBC, June 23, 2021–Diane OlickMortgage rates rose last week, along with demand for refinances. That may sound counterintuitive, but it speaks to the larger picture of where mortgage rates are …
Mortgage Bankers Association Supports Homeownership Gap Initiative
Financial Regulation News, June 22, 2021–Douglas ClarkMortgage Bankers Association officials said the organization supports the Black Homeownership Collaborative’s plan to close the Black homeownership gap via its seven-point plan.https://financialregnews.com/mortgage-bankers-association-supports-homeownership-gap-initiative/
Millions of Americans Refinanced Last Year—but Fewer Black and Latino Homeowners Did
Wall Street Journal, June 23, 2021–J.J. McCorvey and Julia Carpenter (subscription)Refinancings were popular in 2020, but not every household caught the wave. From January to October of last year, only …
Powell Says Inflation From Reopening Larger Than Expected
Bloomberg, June 22, 2021–Craig TorresFederal Reserve Chair Jerome Powell said the price increases seen in the economy recently are bigger than expected but reiterated that they will likely wane. “A …
Enverus Grows Southwest Base with Integrity Acquisition
HousingWire, June 22, 2021–Tim GlazeAustin, Texas-based Enverus announced its acquisition of Integrity Title Company, a provider of title plant access in Texas and New Mexico.https://www.housingwire.com/articles/enverus-grows-southwest-base-with-integrity-acquisition/
Home Point Capital Faces Class-Action Lawsuit From Pomerantz Law Firm
National Mortgage Professional, June 22, 2021–Katie JensenHome Point Capital Inc, a residential mortgage originator and service provider, is faced with a class-action lawsuit from Pomerantz Law Firm for allegedly making …
Credit Unions Lose Share in Still-Booming Mortgage Market
Credit Union Times, June 22, 2021–Jim DuPlessisThe latest MBA and NCUA data shows credit unions’ share of first mortgages was up slightly from 2020’s fourth quarter, but down sharply from …
U.S. Watchdog to Adopt Mortgage Moratorium Rule with Some Exclusions–Sources
Reuters, June 22, 2021–Katanga JohnsonThe Consumer Financial Protection Bureau in coming weeks will adopt a rule requiring mortgage servicers to give struggling homeowners until next year to resume repayments, but …
Blackstone Real Estate Income Trust Acquires Home Partners Of America
Benzinga, June 22, 2021–Phil HallBlackstone Real Estate Income Trust, Inc., a real estate investment platform managed by a subsidiary of Blackstone Group Inc., announced its acquisition of Home Partners of …