Bloomberg, June 7, 2021–Jennifer SuraneWall Street is getting more optimistic about persuading workers to come back to the office. Employers in the financial-services industry expect 61% of staff to be …
Category: Top National News
Is This the Key to Long-Term Customer Loyalty?
Mortgage Professional, June 7, 2021–Mallory HenryMuch of the mortgage industry is missing out on realizing the full income potential of mortgage servicing rights, and, as the frenzy in the market …
UWM Goes on the Offensive with Price-Match Guarantee
HousingWire, June 7, 2021–James KleimannUWM said on Monday that they’ll price-match any conventional loan on primary residences up to 35 basis points with that of 15 different competitors.https://www.housingwire.com/articles/uwm-goes-on-the-offensive-with-price-match-guarantee/
Rates Talk. Otherwise, Borrowers Walk
National Mortgage Professional, June 2021–Lew SichelmanRelationships matter, “but price matters more,” according to a recent consumer lending survey from Nomis Solutions, a fintech focused on value creation for lending institutions …
Federal Student-Loan Loss Forecast Rises by $53 Billion
Wall Street Journal, June 7, 2021–Josh Mitchell (subscription)The Biden administration has raised an estimate of losses on the federal government’s student loan portfolio by $53 billion, reflecting lower repayment rates …
U.S. Consumers Sour on Housing Market’s Buying Conditions
Reuters, June 7, 2021–Evan SullyA record-low percentage of U.S. consumers believe now is a good time to buy a home, with worries about surging prices and a small supply of …
Creative Capital: Nonbank CRE Lending Growth Progresses
Wealth Management Real Estate, Jun 7, 2021–Andrew FosterAlternative lenders provide opportunities for various public and private investors to invest in commercial real estate debt.https://www.wealthmanagement.com/investment-strategies/creative-capital-nonbank-cre-lending-growth-progresses
FHFA Veteran Reflects on 20 Turbulent Years in Housing Finance
American Banker, June 7, 2021–Kate Berry (subscription)For two decades, Alfred Pollard served as the general counsel for Fannie Mae and Freddie Mac’s regulator. He had a front-row seat for the …
Yellen Says Higher Interest Rates Would Be ‘Plus’ for U.S., Fed
Bloomberg, June 6, 2021–Saleha MohsinTreasury Secretary Janet Yellen said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next …
The Millennial Mortgage Mess
National Mortgage Professional, June 6, 2021–Rob ChrismanDespite the millennial homeownership rate increasing faster than that of other generations over the past half-decade, at age 30, fewer millennials own homes (42 …