National Mortgage Professional, Jan. 22, 2021–Navi PersaudHome Point Capital, the parent company of Homepoint, filed a registration statement Form S-1 to commence an initial public offering of 12.5 million shares …
Category: Top National News
United Wholesale Mortgage Makes Public Debut
HousingWire, Jan. 22, 2021–James KleimannAfter ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage is a publicly traded company. UWM, the second-largest …
Credit Union Mortgage Prospects Rise for 2021
Credit Union Times, Jan. 22, 2021–Jim DuPlessisMortgages have had the largest increase in delinquencies in the pandemic recession, but analysts believe most borrowers have been in better shape than expected …
Normally Trouble, Refinancings Are Boosting Some Mortgage Bonds
Bloomberg News, Jan. 22, 2021–Christopher MaloneyWhen homeowners refinance their mortgages, bond investors often get hurt, but a small corner of the debt market is ironically benefiting from it.https://finance.yahoo.com/news/normally-trouble-refinancings-boosting-mortgage-130000845.html
MBA’s Lisa Haynes on Inclusivity in the Real Estate Industry
HousingWire, Jan. 21, 2021In a HousingWire Daily interview, Lisa Haynes, the Mortgage Bankers Association chief financial officer and chief diversity and inclusion officer, joins HousingWire Digital Media Manager Alcynna Lloyd …
You Pay Yours, I’ll Pay Mine
UExpress, Jan. 22, 2021–Lew SichelmanDepending on the outcome of three major lawsuits challenging commission structures in the real estate field, that could change — for the better, according to one …
Biden Team Lays Groundwork to Reverse Trump-Era Banking Policies
American Banker, Jan. 21, 2021–Brendan Pedersen (subscription)The new administration is wasting no time assembling a team of regulatory appointees and urging agencies to pause pending rules.https://www.americanbanker.com/news/biden-team-lays-groundwork-to-reverse-trump-era-banking-policies
Flagstar’s 4Q Earnings Slip as Mortgage Records a Lower Gain on Sale
National Mortgage News, Jan. 21, 2021–Brad Finkelstein (subscription)Despite that decline, the company notched its second-best quarterly earnings ever over that period.https://www.nationalmortgagenews.com/news/flagstar-records-its-second-best-earnings-ever-in-q4-2020
Fed Says All 12 Regional Bank Presidents Renominated to New Five-Year Terms
Wall Street Journal, Jan. 21, 2021–Michael S. Derby (subscription)The Federal Reserve said Thursday all 12 regional bank presidents and their current seconds-in-command are approved for new five-year terms.https://www.wsj.com/articles/fed-says-all-12-regional-bank-president-renominated-to-new-five-year-terms-11611264151?mod=lead_feature_below_a_pos1
Commercial/Multifamily Mortgage Debt Has Increased for 33 Consecutive Quarters
Commercial Property Executive, Jan. 22, 2021–Jamie WoodwellIn MBA’s third quarter of 2020 Commercial/Multifamily Mortgage Debt Outstanding report, mortgage debt outstanding rose by $57.0 billion (1.5 percent) to $3.82 trillion. Multifamily …