Mortgage Professional America, Mar. 10, 2021–Candyd MendozaThe mortgage giant said that Gateless will now operate as a standalone mortgage tech company. The move is in line with its recent Series …
Category: Top National News
Vacation Towns, Suburbs See Real Estate Boom
HousingWire, Mar. 10, 2021–Tim GlazeRoughly a year after the COVID-19 pandemic began in the United States, and more people than ever are buying residential real estate in vacation towns and …
The Coming Economic Boom Will Be Just a Mirage
Bloomberg, Mar. 10, 2021–Gary ShillingForecasts of 6% to 8% growth in real gross domestic product this year are common, but where will it come from? Not from plant and equipment …
Mortgage Refinance Demand Plunges 43% from a Year Ago, As Higher Interest Rates Take Their Toll on Borrowers
CNBC, Mar. 10, 2021–Diana OlickThe recent sharp rise in interest rates is now taking a toll on mortgage refinance demand, as the number of borrowers who could benefit shrinks. Applications …
Mortgage Credit Availability Flat in February
MortgageOrb, March 9, 2010–Michael BatesMortgage credit availability was flat in February compared with January, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI).https://mortgageorb.com/mortgage-credit-availability-flat-in-february
Increasing Racial Equity in the Multifamily Sector Requires Addressing Wealth Disparities; Greater Ties to Underserved Communities
Wealth Management Real Estate, March 9, 2021–Bendix AndersonDecades of undervaluing properties in Black neighborhoods has deprived communities of generational wealth.https://www.wealthmanagement.com/multifamily/increasing-racial-equity-multifamily-sector-requires-addressing-wealth-disparities?
Marcia Fudge Has Ambitious Plans For HUD–Even Though She Didn’t Want The Job
Politico/Yahoo News, March 9, 2021–Katy O’Donnell and Maya KingIf Rep. Marcia Fudge (D-Ohio) is confirmed as housing Secretary on Wednesday as expected, she’ll be confronting a cascade of crises: millions …
Zillow, National Association of Realtors Face Private Antitrust Lawsuit
Reuters, Mar. 9, 2021–Diane BartzZillow Group Inc faces an antitrust lawsuit filed Tuesday that accuses it and the National Association of Realtors of anti-competitive behavior connected to the listing for …
Why More Single Women Are Invested In Homeownership And The Obstacles They Face
National Mortgage Professional, Mar. 9, 2021–Navi PersaudAccording to a report from Credello, women are getting married and having children later in life, focusing more on their careers. The report also …
Brokers Share What United Wholesale Mortgage’s Fight with Rocket Means for Them
Mortgage Professional America, Mar. 9, 2021–David KitaiOne broker noted that many other lenders place conditions on their brokers, citing an example from early in his career when his net worth …