Mortgage Professional America, Mar. 3, 2021–Candyd MendozaPrivately held lender First Community Mortgage has completed its acquisition of A Mortgage Boutique. As part of the deal, FCM has rebranded its wholesale …
Category: Top National News
Appraisal Foundation: Appraisers Must Take Course on Bias
HousingWire, Mar. 3, 2021–Tim GlazeReacting to headlines pointing to racial bias in some home appraisals, the Appraisal Foundation this week said that it would require all appraisers to take a …
Sands to Sell Las Vegas Properties for $6.25 Billion to Apollo Global, REIT
Wall Street Journal, Mar. 3, 2021–Dave Sebastian (subscription)Las Vegas Sands Corp. agreed to sell its Las Vegas properties to Apollo Global Management Inc. and a real-estate investment trust for $6.25 …
Mortgage Application Demand Stalls as Interest Rates Surge to Highest Level Since July
CNBC, Mar. 3, 2021–Diana OlickMortgage interest rates last week rose at the fastest pace in over a year, throwing cold water on already cooling demand. Total mortgage application volume was …
StackedUP: Talking With the Mortgage Bankers Association’s Mike Flood
Akerman Podcast, March 3, 2021–Anne Marie Garavaglia and Beau BakerAkerman law firm’s StackedUP podcast interviewed Mortgage Bankers Association Senior Vice President Mike Flood on topics including MBA’s February virtual CREF …
Biden’s CFPB Pick to Focus on Borrowers Struggling During the Covid-19 Pandemic
Wall Street Journal, March 2, 2021–Andrew Ackerman and AnnaMaria Andriotis (subscription)Rohit Chopra’s priorities include ensuring credit reports are accurate, helping consumers behind on rent or mortgage paymentshttps://www.wsj.com/articles/bidens-cfpb-pick-to-focus-on-borrowers-struggling-during-the-covid-19-pandemic-11614686406
Empty Office Buildings Squeeze City Budgets as Property Values Fall
New York Times, March 3, 2021–Alan RappeportThe mayor of Arlington, Texas, laid out his grim economic predicament: Heavy spending on coronavirus testing and vaccine distribution had dwarfed dwindling tax revenue, …
Commercial Property Giant Moves Into Rental Houses
Wall Street Journal, March 3, 2021–Ryan Dezember (subscription)Jones Lang LaSalle, a major player in office leasing and management, is moving into the red-hot market for rental homes. The commercial property …
Big Banks Don’t Need Further Relief from Capital Rule: Warren, Brown
American Banker, Mar. 2, 2021–Hannah Lang (subscription)Sens. Elizabeth Warren and Sherrod Brown urged regulators not to give in to industry requests to extend a temporary policy easing compliance with the …
Florida’s Flood Disclosure Rules Leave Homebuyers in the Dark
Bloomberg, Mar. 2, 2021–Leslie KaufmanThere are few places to purchase a home in the U.S. that have a greater risk of flooding than on the coast of Florida. But sellers …