National Mortgage News, Feb. 25, 2021–Bonnie Sinnock (subscription)Mortgage companies are working to forge links with homeowners’ insurers to avoid delays that could compound damage to customer service and properties.https://www.nationalmortgagenews.com/news/how-the-texas-storm-will-test-mortgage-servicers
Category: Top National News
Bend, Boise And Charleston Attract Double The Number Of Homebuyers YOY
National Mortage Professional, Feb. 25, 2021–Navi PersaudFolks are heading out of pricey coastal areas and into more affordable regions of the U.S., as Redfin reports that large metros are losing …
U.S. Durable-Goods Climbed 3.4% in January
Wall Street Journal, Feb. 25, 2021–John McCormick (subscription)New orders for durable goods—products designed to last at least three years, such as computers and machinery—increased 3.4% to a seasonally adjusted $256.6 …
The Number of Hispanic Households Will Skyrocket by 2040. How Can the Housing Industry Support Their Needs?
Urban Institute, Feb. 25, 2021–Laurie Goodman, Jun ZhuHispanic households will account for 70 percent of net new homeowners between 2020 and 2040. Despite the many barriers to homeownership they face, …
Now That Mortgage Rates Are Surging, Are Americans Making a Big Mistake?
MoneyWise, Feb. 25, 2021–Doug WhitemanAs mortgage rates suddenly shoot to heights not seen in months, borrowers are backing away and demand for home loans is falling, according to new data …
Mortgage Rates Surge Higher for Second Week in a Row
Washington Post, Feb. 25, 2021–Kathy OrtonThe days of mortgage rates below 3 percent are fast coming to a close. According to the latest data released Thursday by Freddie Mac, the …
Fed’s Powell Sees Opportunity for Joint CRA Overhaul
American Banker, Feb. 24, 2021–Hannah Lang (subscription)Federal Reserve Chair Jerome Powell said bank regulators still aim to write a universal rule updating the Community Reinvestment Act, despite years of disagreement …
Experts Wrestle With How to Help Black Americans Build Wealth
Bloomberg, Feb. 24, 2021–Peter CoyThe Federal Reserve reported last year that, according to its Survey of Consumer Finances, the median wealth of Black families in the U.S. was $24,100 in …
CoStar Talks Failed RentPath Buy, the Threat of Zillow
HousingWire, Feb. 24, 2021–James KleimannFresh off the acquisitions of Homesnap, Emporis and Ten-X, real estate data behemoth CoStar Group beat Wall Street’s estimates in the fourth quarter. Just as interesting …
Federal Home Loan Bank of San Francisco to be Led by Former Radian Exec Bazemore
National Mortgage News, Feb. 24, 2021–Brad Finkelstein (subscription)The former president of the private mortgage insurer is coming out of retirement to direct the bank’s missions on affordable housing, community and …