Wall Street Journal, Feb. 17, 2021–Konrad Putzier (subscription)Foreign property investors, long drawn to Manhattan skyscrapers, coastal resorts or urban shopping corridors, are increasingly directing their attention to suburban warehouses.https://www.wsj.com/articles/foreign-investors-load-up-on-u-s-warehouses-11613480400?
Category: Top National News
Investors’ Inflation Expectations Are Pushing Up Borrowing Costs
Axios, Feb. 16, 2021–Dion RabouinBond investors are looking past last week’s tepid consumer price index report that showed U.S. inflation rising at just 1.4% and continue selling out of Treasury …
Mass. Housing Market Off to ‘Strong’ Start in 2021, Trade Group Says
Boston Business Journal, Feb. 16, 2021–Gintautas DumciusThe Bay State’s housing market saw healthy demand from buyers in January, creating a strong start for 2021. (MBA mention)https://www.bizjournals.com/boston/news/2021/02/16/ma-housing-market-off-to-strong-2021-start.html
Could Trailers be the New Face of Affordable Housing?
Virginia Mercury, Feb. 16, 2021–Wyatt GordonIn Virginia, policymakers and advocates are working to figure out what role manufactured units should play in addressing the state’s affordable housing crisis.https://www.princewilliamtimes.com/news/could-trailers-be-the-new-face-of-affordable-housing/article_3f599ab4-70b0-11eb-bc07-37d5fecf6ea0.html
Mortgage President Sees ‘Winter of Death’ When Refi Boom Ends
Mortgage Professional America, Feb. 16, 2021–David Kitai“Many of these companies have refinanced the same borrower four and five times over the last 18 to 24 months,” said CIVIC President Bill …
CoStar Boosts Its Offer to Acquire CoreLogic to $6.9 Billion
Bloomberg, Feb. 16, 2021–Prashant GopalCoStar Group Inc. boosted its offer to acquire CoreLogic Inc. to $95.76 a share, topping a bid the property-data company accepted earlier this month.https://www.bloomberg.com/news/articles/2021-02-16/costar-boosts-its-offer-to-acquire-corelogic-to-95-76-a-share
Propertybase Acquires Unify
National Mortgage Professional, Feb. 16, 2021–Navi PersaudPropertybase, a global real estate software company, acquired Unify, a full suite mortgage-specific Business Growth Platform. The acquisition gives Propertybase additional products across real …
Rising U.S. Yields Could Spur Mortgage-Related Selling of Treasuries
Reuters, Feb. 16, 2021–Gertrude Chavez-DreyfusA rise in the yield of U.S. benchmark government debt has pushed it near thresholds that could fuel a wave of Treasury selling by mortgage investors, …
How to Survive this ‘Unprecedented’ Era of Digital Mortgage
HousingWire, Feb. 16, 2021–Kristin MesserliAfter a year of unprecedented everything, including mortgage volume, it’s hard to fathom the level of fintech disruption that is approaching financial services and specifically mortgage.https://www.housingwire.com/articles/how-to-survive-this-unprecedented-era-of-digital-mortgage/
Joe Bides Time Before Putting Imprint on Multifamily Lending
Yardi Matrix Blog, Feb. 16, 2021–Paul FiorillaThe multifamily lending operations of Fannie Mae and Freddie Mac face no immediate changes as a result of the change in presidential administration.https://www.yardimatrix.com/blog/joe-bides-time-before-putting-imprint-on-multifamily-lending/