HousingWire, Feb. 1, 2021–Kelsey RamirezLast year brought with it one of the most surprising years housing has ever seen, but for mortgage servicers, their work has only just begun. (MBA …
Category: Top National News
Some Mortgage Companies Misled Borrowers About Forbearance, Regulators Say
Bankrate.com, Feb. 2, 2021–Jeff OstrowskiSome mortgage firms gave homeowners “incomplete or inaccurate information” about a federal law designed to prevent a spike in foreclosures, a federal regulatory agency says in …
Real Estate Startup Knotel Files for Chapter 11 Bankruptcy
Wall Street Journal, Jan. 31, 2021–Konrad PutzierReal-estate startup Knotel Inc. filed for chapter 11 bankruptcy for its U.S. business on Saturday, agreeing for the company to be taken over by …
U.S. Manufacturers Still Growing Rapidly, ISM Finds, Despite COVID Setbacks
MarketWatch, Feb. 1, 2021–Jeffry BartashThe Institute for Supply Management said its manufacturing index slipped to 58.7% in January from 60.5% in the prior month. December’s reading was the highest in …
Manhattan Office Supply Hits Record High With Skyscrapers Empty
Bloomberg, Feb. 1, 2021–Natalie WongThere’s a record amount of office space available in Manhattan. With workers stuck at home, the office availability rate rose to 14.9% in January, the highest …
Why Fannie’s Appetite for Green Single-Family Loans is Growing
National Mortgage News, Feb. 1, 2021–Bonnie Sinnock (subscription)Issuance of securitizations backed by these loans is becoming more dependable, and Fannie will need more mortgages that finance newly-built energy-efficient homes to …
MBANJ Proposes Permanent Work From Home Capability For MLOs
National Mortgage Professional, Feb. 1, 2021–Navi PersaudThe Mortgage Bankers Association of New Jersey issued a proposal that would give mortgage loan officers the ability to work from home on a …
U.S. Economy Is Expected to Reach Pre-Pandemic Peak by Mid-2021
Wall Street Journal, Feb. 1, 2021–Kate Davidson (subscription)The U.S. economy is expected to expand more rapidly in 2021 than officials projected in July, but it will take several years for …
Mortgage-Bond Returns Defied Multiple Headwinds in Stellar Month
Bloomberg, Feb. 1, 2021–Christopher MaloneyMortgage 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, …
Millennials Are Changing the Luxury Real Estate Market
Bloomberg, Feb. 1, 2021–Jacqueline DavisTech-savvy and environmentally conscious, millennials’ preferences are poised to dramatically reshape the high-end housing market.https://www.bloomberg.com/news/articles/2021-02-01/millennials-are-changing-the-luxury-real-estate-market?srnd=premium