HousingWire, Feb. 22, 2021–James KleimannSitusAMC, the New York-based real estate services and technology company that’s been on an acquisitions tear over the last year, has another feather in its cap: …
Category: Top National News
Court Rules in Favor of Nationstar in Reverse Mortgage Servicing Portfolio Dispute
Reverse Mortgage Daily, Feb. 22, 2021–Chris ClowA dispute arising out of a 2015 purchasing agreement where Nationstar Mortgage acquired the reverse mortgage servicing portfolio of former reverse mortgage lender Generation …
Biden Criticizes Earlier Rollout of PPP as His Administration Changes Rules to Help Smaller Businesses
Washington Post, Feb. 22, 2021–Aaron GreggThe Treasury Department announced Monday that it will make targeted changes to its Paycheck Protection Program pandemic relief loans in an attempt to direct more …
Yellen Favors Higher Company Tax, Signals Capital Gains Worth a Look
Bloomberg, Feb. 22, 2021–Saleha Mohsin, Christopher CondonFebruary 22, 2021, 9:34 AM EST Updated on February 22, 2021, 10:11 AM ESTTreasury Secretary Janet Yellen said President Joe Biden favors boosting taxes …
Millions of Borrowers Now Have Blemished Credit, How Can You Still Serve Them?
Mortgage Professional America, Feb. 22, 2021–David KitaiOriginators now must work in an economy where credit blemishes are far more common than before. Laid off workers who might have had solid …
Consumer Demand Snaps Back. Factories Can’t Keep Up
Wall Street Journal, Feb. 22, 2021–Bob Tita, Austen Hufford (subscription)U.S. manufacturers aced the shutdown of their factories and warehouses last spring in response to Covid-19. They’re botching the recovery.https://www.wsj.com/articles/consumer-demand-snaps-back-factories-cant-keep-up-11614019305?mod=hp_lead_pos5
January New Home Purchase Mortgage Apps Jumped Nearly 19% YOY
National Mortgage Professional, Feb. 22, 2021–Navi PersaudThe Mortgage Bankers Association’s Builder Application Survey reported an 18.9% increase year-over-year in mortgage applications for new home purchases in January. The report also …
Analysis: Mortgage Vendor IPO Woes Reflect U.S. Housing Market Peak
Reuters, Feb. 22, 2021–David French, Chibuike OguhThe investor pushback reflects concerns about the industry outlook, as mortgage rates gradually creep up with the economic recovery, and home price inflation begins …
New York Is Officially the World’s Wealthiest City for Real Estate
Architectural Digest, Feb. 22, 2021–Dan AveryDespite the economic shakeup caused by COVID-19, New York remains the world capital for wealthy homeowners. Nearly 25,000 ultra-high-net-worth individuals have primary or secondary residences …
CFPB Goes on Hiring Spree as it Looks to Ramp Up Enforcement
American Banker, Feb. 21, 2021–Kate Berry (subscription)The agency is recruiting more attorneys and shuffling personnel under new Democratic leadership as it prepares to toughen oversight of the financial services industry.https://www.americanbanker.com/news/cfpb-goes-on-hiring-spree-as-it-looks-to-ramp-up-enforcement