Mortgage Professional America, May 3, 2021–David KitaiApartment List’s national rent report states that its national rent index increased 1.9% month over month in April, the largest monthly estimate ever since …
Category: Top National News
loanDepot’s Originations Set Record Despite Rate Jump
National Mortgage News, May 3, 2021–Bonnie Sinnock (subscription)The unusually strong production numbers seen in the first quarter of this year show loanDepot is emerging as a contender in the battle …
Non-QM’s Year Of Living Dangerously
National Mortgage Professional, May 3, 2021–Keith GriffinWith a year of hindsight, folks in the market space now know what they would do differently – from being less quick to cut …
Yellen to Appoint Senior Fed Official to Run Top Bank Regulator
Wall Street Journal, May 3, 2021–Kate Davidson, Andrew Ackerman (subscription)Treasury Secretary Janet Yellen is expected to name Michael Hsu, associate director of the Fed’s bank supervision and regulation division, as …
Senior Housing Value-Add Opportunities May Total $5B, Could Grow
Senior Housing News, May 3, 2021–Chuck Sudo (subscription)One year ago, senior housing mergers and acquisitions activity came to a screeching halt due to COVID-19. But there are signs that the …
New York Man Goes Over 20 Years Without Paying Mortgage, Evading Evictions Along the Way
Fox Business, May 1, 2021–Michael RuizA New York man has been avoiding eviction from his Long Island home for more than two decades after making only one mortgage payment and …
Can’t Pay Your Loan? Make the Call
UExpress, Apr. 30, 2021–Lew SichelmanA key federal watchdog agency has warned companies that administer mortgages, either for themselves or on behalf of investors, that they must be prepared for the …
Why are Complaints about Credit Bureaus Soaring?
American Banker, Apr. 30, 2021–Kate Berry (subscription)Some say Equifax, Experian and TransUnion are too slow to investigate grievances, prompting more complaints to the Consumer Financial Protection Bureau. But the big …
HUD Charges California Mortgage Modification Service with Discrimination
National Mortgage News, May 1, 2021– Bonnie Sinnock (subscription)A California company that advertised help for distressed mortgage borrowers engaged in discriminatory and illegal practices, HUD alleged on Friday.https://www.nationalmortgagenews.com/news/hud-charges-california-mortgage-modification-service-with-discrimination
Fannie and Freddie Continued to Pump Originations in Q1
HousingWire, Apr. 30, 2021–Alex RohaAfter a record year of mortgage originations, the GSEs released their Q1 earnings for the year on Thursday and Friday, revealing that Fannie Mae and Freddie …