National Mortgage Professional, May 11, 2021–Katie JensenThe share of mortgage loans in forbearance decreased to 4.36%, according to the Mortgage Bankers Association’s Forbearance and Call Volume Survey, falling by 11 …
Category: Top National News
It’s Not 2008, But Bank CEO Hearings Could Still Get Testy
American Banker, May 11, 2021–Neil Haggerty (subscription)The heads of the biggest banks have a chance to tout the industry’s community outreach during the pandemic. But they can also expect tough …
Altisource Earnings Tumble as Foreclosure Protections Remain in Place
National Mortgage News, May 10, 2021–Paul Centopani (subscription)Altisource Portfolio Solutions’ bottom line took a larger hit in the first quarter compared to Q4 2020, causing the company to cut costs.https://www.nationalmortgagenews.com/news/altisource-1q-earnings-tumble-as-foreclosure-protections-remain-in-place
Mortgage Lenders are Competing for Rates–and That’s Good News for Borrowers
Bankrate.com, May 10, 2021–Jeff OstrowskiOne reason? Lenders are flush with profits from a banner year in 2020, and they’ve decided offer better deals to borrowers to compete for business. (MBA …
How Hard is it to Buy a Home Right Now? ‘Beyond Crazy and Frustrating.’
CBS News, May 10, 2021–Aimee PicchiThe pandemic-era real estate market has emerged as a windfall for sellers and a headache for buyers. A shortage of for-sale homes continues to boost …
Revealed–How Many Americans Will Work Remotely Post-Pandemic
Mortgage Professional America, May 10, 2021–David KitaiA survey of 5,000 workers by rental search platform Apartment List found that remote work is likely to remain an option for a significant …
HG Holdings Acquires National Consumer Title
HousingWire, May 10, 2021–Tim GlazeNorth Carolina-based HG Holdings Inc agreed last week to acquire 100% of the equity of Florida-based National Consumer Title Insurance Company — owned by Southern Fidelity …
Wholesale Lenders Relaunch Prime Jumbo–And Not Just Non-QM
National Mortgage News, May 10, 2021–Brad Finkelstein (subscription)While the product was hard to find after the start of the pandemic, the Consumer Financial Protection Bureau’s recent changes to Appendix Q …
Economic Experts Predict Uptick In Commercial Real Estate Activity In 2021
National Mortgage Professional, May 10, 2021–Navi PersaudAs states and cities across the U.S. ease pandemic-induced restrictions, economists believe much of the pent-up demand and consumer savings during the pandemic will …
One-Third of People Who Delayed Mortgage Payments During COVID Used Cash for Groceries, Utilities
USA Today, May 10, 2021–Swapna Venugopal RamaswamyWhile in forbearance, 34% used the cash that would have gone toward their mortgage for essentials like groceries, medical needs, utilities and additional expenses …