CNBC, Feb. 3, 2021–Diana OlickApplications to refinance jumped 11% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was 59% higher than a …
Category: Top National News
Top 10 Credit Unions Reveal Real Estate Slowdown: CU Times Analysis
Credit Union Times, Feb. 02, 2021–Jim DuPlessisResults for the 10 largest credit unions showed that the mortgage boom that was the pillar of the 2020 economy might be cresting. (MBA …
White Homeownership Rate Hits Nine-Year High
HousingWire, Feb. 2, 2021–Tim GlazeDespite an unrelenting COVID-19 virus and economic recession, U.S. homeownership rose in the fourth quarter from the same period last year. And it’s reached a record …
Servicer Raises $50 Million, Takes Aim at Black Knight
Mortgage Professional America, Feb. 2, 2021–David KitaiTech-driven servicing firm Valon has closed $50 million in series A funding, while also obtaining approval from Fannie Mae to service its government sponsored …
White Homeownership Rate Hits Nine-Year High
HousingWire, Feb. 2, 2021–Tim GlazeDespite an unrelenting COVID-19 virus and economic recession, U.S. homeownership rose in the fourth quarter from the same period last year. And it’s reached a record …
Mortgage Bond Returns Defied Multiple Headwinds in Stellar Month
Bloomberg, Feb. 2, 2021Mortgage investors enjoyed a robust start to the year as January’s excess return came in at a level well above the trailing average for the month, thanks …
HECM Endorsements Jump Considerably In January 2021
National Mortgage Professional, Feb. 2, 2021–Navi PersaudHome Equity Conversion Mortgage endorsements started the new year with a 10.8% increase to 4,539 loans, according to a report from Reverse Market Insight.https://nationalmortgageprofessional.com/news/76339/hecm-endorsements-jump-considerably-january-2021
Amazon Unveils Outdoorsy New HQ2, Renewing Its Commitment to Offices
Wall Street Journal, Feb. 2, 2021–Konrad Putzier (subscription)Amazon . com Inc.’s plans for its new northern Virginia headquarters feature an outdoor theme, the latest sign that big tech companies are …
The State of Housing Finance Heading Into 2021
DSNews, Feb. 2, 2021–Veronica BradleyHistorically, buying has always been a better investment than renting, but that may no longer be the case—one of several highlights from the Urban Institute’s Housing …
33 State Attorneys General Challenge PHH Mortgage’s Servicing Fees
National Mortgage News, Feb. 1, 2021–Paul Centopani (subscription)A bipartisan group, led by New York’s Letitia James and Minnesota’s Keith Ellison, filed a motion against PHH Mortgage and its predecessor corporation …