Bloomberg News, March 5, 2021–Alex WittenbergTikTok isn’t just a platform for dance videos and investment advice. It’s also a place to hawk Manhattan apartments. New York real estate professionals are …
Category: Top National News
The Tax Man Cometh
UExpress, Mar. 5, 2021–Lew SichelmanThey may not increase this year, or even next year. But thanks to the unusually large jump in housing prices over the last 12 months, plus …
D.C. Power Shift Complicates Fed Decision on Capital Rule
American Banker, Mar. 4, 2021–Hannah Lang (subscription)The industry wants regulators to extend a temporary measure making it easier to satisfy the supplementary leverage ratio. But Democrats’ control of the White …
Stewart Continues Acquisition Frenzy with Signature Snag
HousingWire, Mar. 4, 2021–Tim GlazeThis is the first acquisition of 2021 for Stewart after it acquired NotaryCam and five other companies in 2020, expanding its workforce by more than 600 …
CoStar Drops Out of CoreLogic Bidding War, Citing Rising Mortgage Rates
National Mortgage News, Mar. 4, 2021–Brad Finkelstein (subscription)The abrupt move paves the way for the $6 billion cash deal with Stone Point and Insight Partners to move forward unimpeded.https://www.nationalmortgagenews.com/news/costar-drops-out-of-corelogic-bid-war-citing-rising-mortgage-rates
Finding Opportunities Amid an Improving MSR Market
MReport, Mar. 4, 2021–Brandon McGeeAccording to the Mortgage Bankers Association, nearly 5.5% of all homeowners were in forbearance plans in early December. While this was a decrease from 8.5% six …
Fannie, Freddie’s Old FICO Standards Squeeze Millions of Would-Be Homebuyers
Orange County Register, Mar. 4, 2021–Jeff LazersonThe reality is mortgage giants Fannie and Freddie continue to mandate the use of legacy FICO software from two decades ago rather than current …
CFPB Delay of QM Rule Implementation is a Terrible Move
HousingWire, Mar. 4, 2021–David Stevens, CMBFormer MBA President & CEO says the Consumer Financial Protection Bureau is creating uncertainty and disruption in the housing finance industry and literally forcing the …
JLL Secures Minority Stake in SFR Platform Roofstock
Mortgage Professional America, MAr. 4, 2021–Candyd MendozaUnder the deal, JLL will purchase a minority stake in Roofstock, allowing the Chicago-based CRE firm to extend its services in the residential sector. …
FHFA Extends Multifamily Forbearance through June 30
HousingWire, Mar. 4, 2021–Alex RohaMultifamily property owners who are struggling to make mortgage payments due to the coronavirus pandemic now have a reprieve through the end of June for mortgages …