Commercial Property Executive, Feb. 4, 2021–Therese FitzgeraldProperty types and policy issues were all on the table at the Mortgage Bankers Association’s 2021 Commercial Real Estate Finance Conference.https://www.cpexecutive.com/post/mba-cref21-highlights-from-day-1/
Category: Top National News
Uncertainty Surrounding Economy Holds Mortgage Rates in Place
Washington Post, Feb. 4, 2021–Kathy OrtonMortgage rates were flat this week as the economic recovery struggles to gain solid footing. According to the latest data released Thursday by Freddie Mac, …
UWM Clears $1.33B in Profits in Q4 2020
HousingWire, Feb. 3, 2021–James KleimannUnited Wholesale Mortgage originated more than $54 billion in mortgages and generated more than $1.3 billion in net income during the fourth quarter, the company revealed …
Stone Point Capital, Insight Partners to Buy CoreLogic for $6 Billion
Reuters, Feb. 4, 2021–Niket NishantReal-estate data provider CoreLogic Inc said on Thursday that it would be acquired by private-equity firms Stone Point Capital and Insight Partners for about $6 billion …
For Lenders and Consumers in 2021: 5 Lessons Learned
The MReport, Feb. 3, 2021–Brian GouldWhile 2020 was certainly a strong year for mortgage originations—even during a pandemic—there were many lessons learned that will assist lenders and consumers in 2021 …
IMF: CFPB Mortgage Servicer Complaints Drop in Q4
HousingWire, Feb. 3, 2021–Kelsey RamírezMortgage servicers received less complaints at the Consumer Financial Protection Bureau in the fourth quarter of 2020, according to data from Inside Mortgage Finance. (MBA mention)https://www.housingwire.com/articles/imf-cfpb-mortgage-servicer-complaints-drop-in-q4/
Yellen Summons Regulators to Discuss Financial Market Volatility
Bloomberg, Feb. 3, 2021–Saleha Mohsin, Christopher CondonTreasury Secretary Janet Yellen has summoned U.S. financial regulators to discuss recent volatility in financial markets, in her first public effort to address the …
Share of Impaired Non-QM Loans Fell to Pandemic Low in December
National Mortgage News, Feb. 3, 2021–Brad Finkelstein (subscription)The performance of non-qualified mortgages improved in December, as the share of impaired loans declined despite a resurgence in COVID-19 cases, a dv01 …
BofA Triples Affordable Homeownership Commitment To $15B
National Mortgage Professional, Feb. 3, 2021–Navi PersaudBank of America is tripling its affordable homeownership commitment to $15 billion through 2025, with hopes to help more than 60,000 individuals and families …
Minority-Owned Firms Hurt by Pandemic Will Be Focus for Small Business Administration Nominee
Wall Street Journal, Feb. 3, 2021–Amara AmeokwePresident Biden’s pick to lead the Small Business Administration, Isabel Guzman, pledged to ensure the Paycheck Protection Program and other initiatives reach minority-owned businesses …