Reuters, Jan. 27, 2021–Lucia MutikaniNew orders for key U.S.-made capital goods increased for an eighth straight month in December, pointing to solid growth in business spending on equipment in the …
Category: Top National News
Upcoming IPO Could Value loanDepot at $6.5B
HousingWire, Jan. 27, 2021–James KleimannloanDepot, one of America’s largest mortgage lenders, released pricing of its hotly anticipated independent public offering on Wednesday. The multichannel lender said it would be selling …
RocketMortgage.com Launches National Mortgage Broker Directory
National Mortgage Professional, Jan. 27, 2021–Navi PersaudRocket Mortgage launched its national mortgage broker directory which connects borrowers with a broker in their hometown. The directory can be found on RocketMortgage.com’s …
Biden’s Candidate for SEC Chairman Is Expected to Be Tough on Companies
Wall Street Journal, Jan. 27, 2021–Mark Maurer (subscription)Gary Gensler, President Biden’s pick to run the Securities and Exchange Commission, is expected to seek higher fines and new disclosure requirements for …
Mortgage Investing Startup Looks to Profit From Urban Exodus
Bloomberg, Jan. 27, 2021–Adam TempkinAlphaFlow, an asset manager that buys real estate loans from lenders, sold the first of what it expects to be a series of securities linked to …
Weekly Mortgage Demand Falls, But Size of Average Homebuyer Loan Hits Record
CNBC, Jan. 27, 2021–Diana OlickSharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages last week. Total mortgage application volume fell 4.1% …
Landlord and Tenant Groups Join Forces to Stave Off Evictions
Wall Street Journal, Jan. 27, 2021–Will Parker (subscription)A collapse in apartment rent collection during the pandemic is forging one of New York’s most unlikely political alliances. The Real Estate Board …
Fifth Avenue Retailers See Signs of Budding Revival
Wall Street Journal, Jan. 26, 2021–Esther Fung (subscription)After a very dark period, the sun is starting to shine again on Manhattan’s famed Fifth Avenue retail corridor.https://www.wsj.com/articles/fifth-avenue-retailers-see-signs-of-budding-revival-11611666009?
FHA Provides Struggling Borrowers Additional Time To Seek Forbearance
Forbes, Jan. 26, 2021–Brenda RichardsonThe Federal Housing Administration announced Tuesday that it will carry out President Joe Biden administration’s request to extend the deadline for financially stressed borrowers with FHA-insured …
Biden Targets Housing, Private Prisons in First Equality Moves
Bloomberg, Jan. 26, 2021–Mario Parker, Jennifer EpsteinPresident Joe Biden signed a set of executive orders on Tuesday aimed at improving racial equity across American society, including combating discrimination in housing …