National Mortgage News, Mar. 4, 2021–Brad Finkelstein (subscription)CoreLogic has asked CoStar Group to include more cash in its $7.25 billion takeover bid in order to get the former to walk …
Category: Top National News
Home Prices In Cities Jump 16 Percent
National Mortgage Professional, Mar. 4, 2021–Navi PersaudThe median home-sale price in urban areas nationwide increased 15.9% year-over-year to $292,263 the four weeks ending Feb. 21, according to a report from …
Powell Confirms Fed to Maintain Easy-Money Policies
Wall Street Journal, Mar. 4, 2021–Paul Kiernan (subscription)Federal Reserve Chairman Jerome Powell reaffirmed Thursday his intention of keeping the central bank’s easy-money policies in place until the labor market improves …
Mortgage Rates Top 3 Percent for the First Time Since the Summer
Washington Post, Mar. 4, 2021–Kathy OrtonThe 30-year fixed-rate mortgage, the most popular mortgage product, rose above 3 percent for the first time in seven months this week. According to the …
Manhattan Apartment Discounts May Be Ending Soon as Sales Soar 73% in February
CNBC, March 5, 2021–Robert FrankManhattan sales contracts soared by 73% in February, and brokers say the days of big price cuts and deals in the city may be ending. “The …
UWM to Block Brokers Working with Fairway and Quicken
HousingWire, March 4, 2021–Brena NathUnited Wholesale Mortgage, the top wholesale lender in the nation, announced Thursday it will no longer partner with brokers who also work with Rocket Mortgage and …
Why Markets Are Making Mortgage Rates More Volatile
Mortgage Professional America–David Kitai March 4, 2021In the past few weeks, markets have steadily driven mortgage rates up. Last week the 30-year fixed rate experienced its largest single-week rise in …
Chopra Warns of Post-COVID Housing Market Fallout
HousingWire, March 3, 2021–Tim GlazeRohit Chopra is laser-focused on helping homeowners who have been hit hard by the COVID-19 pandemic. Student loan debt is in his crosshairs, too. In his …
U.S. Businesses Optimistic About Economy Due to Vaccines and Hiring, Fed Beige Book Says
Wall Street Journal, March 3, 2021–Hannah Lang (subscription)The Federal Reserve’s compilation of anecdotes from business contacts shows economic activity expanded modestly at the start of the year.https://www.wsj.com/articles/u-s-businesses-optimistic-about-economy-due-to-vaccines-and-hiring-fed-beige-book-says-11614800696?
Banks Lobby Congress to Postpone PPP Deadline
American Banker, Mar. 3, 2021–John Reosti (subscription)The Small Business Administration is still writing rules for the Paycheck Protection Program two months after its relaunch. Lenders fear they may not have …