Barron’s, Jan. 14, 2021–Shaina MishkinIf spreads between the 10-year and mortgage rates remain in their current range, mortgage rate would likely rise to approximately 3.5% by the end of 2021, …
Category: Top National News
Biden Calls for Swift Action While Outlining $1.9 Trillion Virus Relief Package
The Hill, Jan. 14, 2021–Morgan ChalfantPresident-elect Joe Biden on Thursday outlined his $1.9 trillion stimulus proposal and called for swift action on it, warning that the health of the nation …
Are 2020’s Housing Market Trends Here to Stay?
DSNews, Jan. 14, 2021–Christina Hughes BabbRent Spree, a tenant screening service for real estate agents, property managers, and landlords, has released a housing study that reflects on and analyzes trends …
Mortgage Payment Forbearance Must Be Extended
Orange County Register, Jan. 14, 2021–Jeff LazersonForeclosure filings fell almost 41% in California last year, but rising unemployment and the current pandemic surge could cause rebound in missed loan payments. …
Expect Surge in Mergers of Equals in ’21, Industry Veteran Says
American Banker, Jan. 14, 2021–Jim Dobbs (subscription)Robert Kafafian says he’s hearing more MOE chatter now than at any time in his decades-long career as a consultant. He cited smaller banks’ …
Could Vaccines End the Suburban Purchase Boom?
Mortgage Professional America, Jan. 14, 2021–David KitaiWith vaccines being rolled out and the widespread consensus that the worst of the pandemic should end this year, how are lenders preparing for …
Home Point Capital to Raise $500M, Give Half to Its Owners
HousingWire, Jan. 14, 2021–James KleimannAhead of its independent public offering, Homepoint‘s parent company plans to raise hundreds of millions of dollars in debt to replenish its owners’ wallets. The wholesale …
Slight Uptick in New-Home Loan Applications Hints at Future Resurgence
National Mortgage News, Jan. 14, 2021–Bonnie Sinnock (suscription)Purchase apps for new homes only eked out a small gain in December but the Mortgage Bankers Association is forecasting that they will …
First Community Mortgage To Acquire a Mortgage Boutique
National Mortgage Professional, Jan. 14, 2021–Navi PersaudFirst Community Mortgage will acquire a Mortgage Boutique in a transaction that is currently pending regulatory approval. FCM is targeting to close on the …
Jobs Market Has Long Recovery Ahead, Says Fed’s Powell
Wall Street Journal, Jan. 14, 2021–Jon Hilsenrath (subscription)The U.S. is a long way from a strong job market, Federal Reserve Chairman Jerome Powell said Thursday, an indication that the central …