HousingWire, March 23, 2021–Kimberly LanhamWherever there is commerce, there will be fraud, and the mortgage industry is no exception. In recent years, we have seen a significant uptick in fraudulent …
Category: Top National News
Sen. Portman Pushes Bill to Address U.S. Housing Shortage
WFMJ, March 24, 2021–Mike GauntnerU.S. Senator Rob Portman (R-OH) is co-sponsoring a bipartisan bill designed to address America’s housing shortage with Senators Amy Klobuchar (D-MN), and Tim Kaine (D-VA). The …
Credit Unions Didn’t Do as Well in 2020, Revised Mortgage Numbers Show
Credit Union Times, March 23, 2021–Jim DuPlessisThe future looks brighter this year for mortgage originations in the latest forecast released Monday by the Mortgage Bankers Association.https://www.cutimes.com/2021/03/23/credit-unions-didnt-do-as-well-in-2020-revised-mortgage-numbers-show/?
Guild Has Record Mortgage Volume in 4Q But Earnings Decline from 3Q
National Mortgage News, Mar. 23, 2021–Brad Finkelstein (subscription)The San Diego-based company produced $10.6 billion in the fourth quarter, and has done $6.1 billion in the first two months of 2021.https://www.nationalmortgagenews.com/news/guild-mortgage-has-record-volume-in-4q-but-earnings-decline-from-3q
Fairway’s Jacobson: Brokers Harmed By UWM
National Mortgage Professional, Mar. 23, 2021–Lew SichelmanFairway Independent Mortgage Corporation’s CEO Steve Jacobson has been mostly tight-lipped about the line in the sand drawn with his company and Rocket Mortgage …
Powell Says Stimulus Package Unlikely to Fuel Undesirable Inflation
Wall Street Journal, Mar. 23, 2021–Kate Davidson, Paul Kiernan (subscription)Federal Reserve Chairman Jerome Powell told lawmakers Tuesday he doesn’t expect the $1.9 trillion stimulus package will lead to an undesirable …
Door is Shut to Millions of American Homeowners in Need of Mortgage Relief as Pandemic Enters Year 2
MarketWatch, Mar. 23, 2021–Eleanor LaiseSome 14.5 million single-family home loans are privately owned, with no federal backing, and occupy a gray area when it comes to government programs delaying foreclosure …
Loan Modifications Have Been Key to Keeping Deals Going, Mortgage Bankers Say
RE Business Online, Mar. 23, 2021–Taylor WilliamsThe nuts and bolts of dealing with elevated requests for loan modifications were central topics at the “Commercial Mortgage Stress in the Age of …
Housing Vouchers Have Helped Tenants and Landlords Weather the Pandemic
Urban Institute, Mar. 23, 2021–Jung Hyun Choi, Laurie GoodmanA UI analysis of survey results found that tenants with vouchers owe less back rent, and landlords have had positive experiences with …
Citigroup Plans for Hybrid Workforce Post-Pandemic
Wall Street Journal, March 23, 2021—David Benoit (subscription)The future of work at Citigroup will be hybrid. CEO Jane Fraser told staffers Monday most of them will be expected to be …