Bloomberg, Feb. 11, 2021–Prashant GopalU.S. home prices, fueled by the lowest mortgage rates in history, rose at the fastest pace on record, surpassing the peak from the last property boom …
Category: Top National News
loanDepot Raises Just $54M in Downsized IPO
HousingWire, Feb. 11, 2021–James KleimannOnline retail lender loanDepot raised just $54 million by offering 3.9 million shares at $14 on Thursday, far below the range of $19 to $21 it …
Freddie Mac’s 2020 Earnings Rose as it Delivered ‘Record Liquidity’
National Mortgage News, Feb. 11, 2021–Brad Finkelstein (subscription)The company purchased $1.1 trillion of single-family mortgages and $83 billion of multifamily loans during 2020.https://www.nationalmortgagenews.com/news/freddie-macs-2020-earnings-rose-as-it-delivered-record-liquidity
These People Rushed to Buy Homes During Covid. Now They Regret It
Wall Street Journal, Feb. 11, 2021–Candace Taylor (subscription)Fleeing small apartments, buying vacation homes or simply looking for a change of scenery amid the crushing boredom of lockdowns, people scrambled to …
UpEquity Raises $25 Million in Equity and Debt for its Cash-Pay Mortgage Lending Service
TechCrunch, Feb. 11, 2021–Jonathan ShieberWith a stated goal of aligning the mortgage industry with consumer interests, Austin-based UpEquity has raised $25 million in equity and debt funding to expand its …
Commercial and Multifamily Mortgage Bankers Slated to Close More Loans in 2021
Mortgage Professional America, Feb. 11, 2021–Candyd MendozaThe Mortgage Bankers Association forecast calls for an 11% gain in commercial and multifamily loan originations this year.https://www.mpamag.com/commercial/commercial-and-multifamily-mortgage-bankers-slated-to-close-more-loans-in-2021-246268.aspx
Mortgage Rates Stuck in Neutral Amid Economic Uncertainty
Washington Post, Feb. 11, 2021–Kathy OrtonWith irresolution swirling around the economy and the pandemic recovery, mortgage rates barely budged. According to the latest data released Thursday by Freddie Mac, the …
HUD Expands Fair Housing Protections for Transgender People
Washington Post, Feb. 11, 2021–Tracy JanThe Department of Housing and Urban Development said Thursday it will investigate complaints of discrimination based on sexual orientation or gender identity, expanding civil rights …
Zillow to Buy ShowingTime for $500M
HousingWire, Feb. 10, 2021–Matthew BlakeZillow entered a new corner of real estate Wednesday, announcing a definitive agreement to buy ShowingTime for $500 million.https://www.housingwire.com/articles/zillow-to-buy-showingtime-for-500m/
Fed’s Powell Signals Easy Money Policies to Remain in Place for a While
Wall Street Journal, Feb. 10, 2021–Paul Kiernan (subsccription)The Federal Reserve will continue bolstering the U.S. economy through low interest rates and hefty asset purchases, Chairman Jerome Powell said Wednesday, stressing …