BankRate, March 18, 2021–Jeff OstrowskiMortgage rates continued climbing this week, a move that reminds homeowners that a historic refinance window is not nearly as wide as it once was. (MBA …
Category: Top National News
At Long Last, Wall Street Sees Path to Return to the Office
Bloomberg, Mar. 17, 2021–Jennifer SuraneNew York City is reopening, vaccinations are accelerating and spring brings with it an air of optimism. For Wall Street’s banks, that means a return to …
Private Equity Shop Lovell Minnick Acquires UniversalCIS
HousingWire, Mar. 17, 2021–Alex RohaLovell Minnick Partners, a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space …
Black Knight Turns to Mortgage Broker Market with LOS Purchase
National Mortgage News, Mar. 17, 2021–Brad Finkelstein (subscription)The acquired NextSpring Financial platform, while remaining stand-alone, will have integrations with Black Knight’s Empower loan origination system for mortgage lenders.https://www.nationalmortgagenews.com/news/black-knight-turns-to-mortgage-broker-market-with-los-purchase
U.S. Commercial Mortgage Debt Outstanding Hits $212 Billion in 2020
World Property Journal, Mar. 17, 2021–MIchae GerrityAccording to the Mortgage Bankers Association’s Latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, U.S. commercial/multifamily mortgage debt outstanding at the end of 2020 was …
New Houses Are Costing More as Prices Jump for Wood, Bricks
Wall Street Journal, March 17, 2021–Ryan Dezember (subscription)Prices are surging for construction materials, and builders are passing the costs to home buyers as demand remains high.https://www.wsj.com/articles/commodities-boom-hits-home-11615973404?
Mortgage Refinance Demand Tanks 39% as Rates Continue to Climb
CNBC, Mar. 17, 2021–Diana OlickHigher mortgage rates are cutting into demand for refinances, as fewer and fewer borrowers can now get worthwhile savings. Applications to refinance a home loan fell …
Share Of Mortgage Loans In Forbearance Down To 5.14 Percent
National Mortgage Professional, March 16, 2021–Navi PersaudThe Mortgage Bankers Association’s Forbearance and Call Volume Survey reported that the total number of loans now in forbearance decreased slightly from 5.20% to …
Renters and Biden’s $15,000 Homebuyer Tax Credit
HousingWire, March 16, 2021–Alex RohaThe housing industry has been keeping a keen eye on President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time homebuyers. But just how many people …
Landlords Struggling To Stay Afloat See Lifeline In Covid-19 Relief For Renters
NPR, March 17, 2021–Chris ArnoldCongress has approved $50 billion for rental assistance, which includes back rent. “That’s making its way through the system,” said Peter Hepburn of Princeton University’s Eviction …