Bankrate.com, March 25, 2021–Jeff OstrowskiThe window for mortgage refinancing opened a bit this week as mortgage rates took a break from their recent rise. (MBA mention)https://www.bankrate.com/mortgages/mortgage-rates-march-25/
Category: Top National News
The Real Reason the Mortgage Industry Needs AI
MortgageOrb, March 25, 2021–Jim RosenWhat does AI really mean in the mortgage business? Is it just some fancy branding to be applied to yesterday’s automation? Actually, it’s not. It’s critically …
A Commercial Real Estate Investor Pivots to Digital-Related Assets
Wall Street Journal, March 24, 2021–Inti Pacheco (subscription)Colony Capital Inc. has made one of the biggest pivots in the real-estate business. Over the past two years, the former investor in …
What Might the U.S. Real Estate Market Look Like in 2022?
Home Buying Institute, MAr. 24, 2021–Brandon CornettA recently issued forecast from the Mortgage Bankers Association predicted that mortgage rates will be higher in 2022 than they are right now. And …
MBA Seeks Clarity on GSE Investment Property Policies
HousingWire, Mar. 24, 2021–Sarah WheelerThe Mortgage Bankers Association on Tuesday sent a letter to Treasury Secretary Janet Yellen and Federal Housing Finance Agency Director Mark Calabria expressing concern over several …
Bipartisan Bill Would Bring $1.5 Billion to Spur New Housing
Bloomberg, Mar. 24, 2021–Kriston CappsOn March 23, Minnesota Senator Amy Klobuchar, with fellow Democratic Senator Tim Kaine of Virginia and Republican Senator Rob Portman of Ohio, will introduce the Housing …
loanDepot.com and Schell Brothers Set Up Mortgage Joint Venture
Mortgage Professional America, Mar. 24, 2021–Candyd MendozaloanDepot announced its subsidiary loanDepot.com has partnered with Schell Brothers, a builder of energy-efficient new homes in Delaware and Virginia, to form a new …
Spencer Rascoff Outfit Pacaso Raises $75 Million
HousingWire, Mar. 24, 2021–Matthew BlakePacaso, a company founded by former Zillow executives that is focused on second-home ownership, announced Wednesday they raised $75 million in venture capital financing.https://www.housingwire.com/articles/spencer-rascoff-outfit-pacaso-raises-75-million/
Billionaire LoanDepot Founder Anthony Hsieh Cashes in on Housing Boom
Bloomberg, Mar. 24, 2021LoanDepot Inc. logged its best year ever in 2020, as record-low rates turned mortgage lending into one of the few bright spots of the pandemic economy. Billionaire …
Homebuyer Mortgage Demand Inches Higher, But Rates Hit Highest Level Since Summer
CNBC, Mar. 24, 2021–Diana OlickHigher mortgage rates do not appear to be dampening demand for home purchases but are crimping refinance volume. Mortgage applications to purchase a home rose 3% …