HousingWire, May 6, 2021–Tim Glaze63.1% of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. median income of …
Category: Top National News
Altisource, Ocwen Resolve Dispute over Default Services for New Residential
National Mortgage News, May 6, 2021–Brad Finkelstein (subscription)The agreement, which is extended for five years, also expands upon the delinquent mortgages services Altisource will provide to Ocwen.https://www.nationalmortgagenews.com/news/altisource-ocwen-resolve-dispute-over-default-services-for-new-residential
Fannie, Freddie Shrink Mortgage Menu During COVID
Orange County Register, May 6, 2021–Jeff LazersonBy all accounts, mortgages are performing nicely during the COVID-19 pandemic. Real estate is roaring. Mortgage rates remain as low as they go. And …
NYC’s Financial District Condos Pile Up as Office Life Retreats
Bloomberg, May 6, 2021–Oshrat CarmielFor both homebuyers and office-seekers, one thing is true about Manhattan’s Financial District: There’s lots of space for the taking.https://www.bloomberg.com/news/articles/2021-05-06/nyc-s-financial-district-condos-pile-up-as-office-life-retreats?srnd=premium
Rocket on Broker Battle: ‘We are Winning’
National Mortgage News, May 6, 2021–Brad Finkelstein (subscription)“We are investing in the mortgage broker channel, and we are winning,” said Julie Booth, Rocket chief financial officer. “Hundreds of broker partners …
When Will the Housing Market Crash? Experts Weigh In
Money, May 6, 2021–Leslie CookDue to the severe lack of houses for sales, Joel Kan, associate vice president of economic and industry forecasting for the Mortgage Bankers Association, says a …
Dan Gilbert’s Rocket Companies Sees $2.7B First Quarter Profit
Detroit Free Press, May 6, 2021–JC ReindlDetroit-based Rocket Companies, the parent of Quicken Loans, enjoyed a strong start to the year with $2.7 billion in net income, or profit, during …
Clouds Are Gathering on the Horizon for CRE Investors
GlobeSt.com, May 6, 2021–Les ShaverThere is a lot of money chasing real estate. The amount of equity in the market, some of which has turned into debt, has put added …
Despite Pandemic, Fewer Homeowners Missing Payments
DSNews, May 6, 2021–Eric C. PeckThe Mortgage Bankers Association’s Research Institute for Housing America found that slightly under five million households did not make their rent or mortgage payments in …
Mortgage Rates Remain Under 3 Percent for Third Week in a Row
Washington Post, May 6, 2021–Kathy OrtonAt the start of the year, it looked like mortgage rates were headed nowhere but up. But lately, they have backslid. According to the latest …