National Mortgage News, Mar. 19, 2021–Brad Finkelstein (subscription)The complaint alleged the bank discriminated by refusing to make a mortgage loan after learning it would be used to finance a group …
Category: Top National News
New Realtors Pile Into Hot Housing Market. Most Find It Tough Going
Wall Street Journal, Mar. 21, 2021–Nicole Friedman (subscription)The red-hot housing market has achieved a number of milestones this past year. Perhaps the most telling is this: There are more real-estate …
The CFPB Turns An Eye Toward the Multifamily Sector
GlobeSt.com, Mar. 19, 2021–Lynn PollackA new report from the Consumer Finance Protection Bureau shows the agency is monitoring the plight of struggling renters and the multifamily rental marketplace. But the …
Your Home’s Value Is Based on Racism
New York Times, Mar. 20, 2021–Dorothy A. BrownThe author says Black Americans are often unable to build wealth from homeownership in the same way their white peers are, in large …
Banking Regulators Will Let Temporary Capital Relief Expire as Scheduled
American Banker, Mar. 19, 2021–Hannah Lang (subscription)The decision is seen as a setback for the banking industry, which had been pushing for an extension, and a win for Democrats, who …
House-Flipping Lenders Are Throwing Cash at a Red-Hot U.S. Market
Bloomberg, Mar. 19, 2021–By Christopher Maloney, Adam Tempkin, Shahien NasiripourThere are more than 60 banks and other firms financing flippers today, according to AlphaFlow, an investment firm that buys real …
First American: Spring Buying Season Won’t Be Dampened By Rising Rates
National Mortgage Professional, Mar. 19, 2021–Navi PersaudAccording to the report, potential existing-home sales increased to a 6.26 million seasonally adjusted annualized rate, a 1.3% month-over-month increase. This represents a 79.6% …
Economy Revs Up as Americans Increase Spending on Flights, Lodging, Dining Out
Wall Street Journal, Mar. 19, 2021–Sarah Chaney Cambon; Gwynn Guilford (subscription)The U.S. economic recovery is picking up steam as Americans increase their spending, particularly on in-person services that were battered …
Could 2% Mortgage Rates Be the New Normal?
Fox Business, Mar. 19, 2021–Jamie JohnsonWith loan rates this low, questions surrounding the housing market have become inevitable. Many experts anticipate that mortgage rates will rise above 3% in 2021, …
Rising Prices Can’t Stop U.S. Real Estate Boom
Yahoo! Finance Australia, Mar. 19, 2021–Julie ChabanasWhile the wider US economy has struggled after states restricted business to stop Covid-19, real estate was one of the few bright spots in …