HousingWire, Feb. 19, 2021–Tim GlazeFollowing an impressive fourth quarter, Stewart Title announced a 10% increase in the company’s annual cash dividend to $1.32 per share.https://www.housingwire.com/articles/stewart-title-capitalized-on-refi-wave-with-strong-q4-2020/
Category: Top National News
Lenders One Names New President
National Mortgage Professional, Feb. 19, 2021–Navi PersaudLenders One Cooperative promoted Justin Demola, CMB to president of Lenders One. Demola also serves as CMB instructor for the Mortgage Bankers Association’s CMB …
New York Real Estate Rentals Up In Manhattan And Brooklyn
HauteResidence, Feb. 19, 2021–Andres E. CaceresThe recent surge of rental leases in New York’s Manhattan and Brooklyn boroughs is welcome after 2020, when the pandemic drove people out to less …
Lumber Prices Rise Again, Impacting Home Affordability
RealtyBizNews, Feb. 19, 2021–Mike WheatleyLumber prices hit another record high last week, with the price having risen now by more than 170% in the last 10 months. That’s bad news …
Fed Sounds Alarm on Commercial Real Estate, Business Bankruptcy
Bloomberg, Feb. 19, 2021–Rich MillerThe Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday.https://www.bloomberg.com/news/articles/2021-02-19/fed-sounds-alarm-on-commercial-real-estate-business-bankruptcy
Four Things to Know About the Housing Market in 2021
Barrons, Feb. 19, 2021–Shaina Mishkin (subscription)Last year was an exceptional one for the housing market, which boomed in the second half. Existing home sales data show the continuation of some …
5 Ways to Increase the Black Homeownership Rate Right Now
National Mortgage News, Feb. 19, 2021–Bonnie Sinnock (subscription)“It could reduce lending costs and also help the lower-FICO borrowers get lower-priced loans as well,” said David Battany, executive vice president of …
Inland Surfing: The Latest Amenity
UExpress, Feb. 19, 2021–Lew SichelmanFirst came Crystal Lagoons — human-created bodies of water that can transform landlocked real estate into waterfront housing developments. Now comes Wavegarden: a water park that …
Black Business Owners Cautiously Optimistic about 2021, Survey Finds
American Banker, Feb. 18, 2021–John Reosti (subscription)Black small-business owners see signs for optimism in 2021, according to a Bank of America survey.https://www.americanbanker.com/news/black-business-owners-cautiously-optimistic-about-2021-survey-finds
Applications for New Home Purchases Jumped 17 Percent in January
Mortgage Professional America, Feb. 18, 2021–Michael BatesApplications for mortgages for new home purchases increased 17% in January compared with December and were up 18.9% compared to a year ago, according …