Bloomberg, Dec. 14, 2020–Christopher MaloneyA growing percentage of U.S. homeowners are looking to delay making mortgage payments, the latest sign that the economic recovery is hitting a snag. In the …
Category: Top National News
Bank Regulators Mull Stricter Rules for Reporting of Data Breaches
American Banker, Dec. 14, 2020–Kevin Wack (subscription)It has been 15 years since the federal banking agencies issued guidance on an institution’s obligation to inform its regulator about a cyberattack. A …
Housing 2020 Recap: Demographics Popped the Housing Bubble Boys
HousingWire, Dec. 14, 2020–Logan MohtashamiIn a very unfortunate year, we got really lucky on some fronts.https://www.housingwire.com/articles/housing-2020-recap-demographics-popped-the-housing-bubble-boys/
Title Insurance Premiums Jump in 3Q as Purchase/Refi Share Gap Narrows
National Mortgage News, Dec. 14, 2020–Brad Finkelstein (subscriptionn)The industry is now likely to top 2019’s nearly $16 billion in premiums written.https://www.nationalmortgagenews.com/news/title-insurance-premiums-jump-in-3q-as-purchase-refi-share-gap-narrows
Commercial Mortgage Delinquencies are Rising
GlobeSt.com, Dec. 14, 2020–Les ShaverIn November, 5.7% of commercial mortgages were delinquent, increasing from 5.4% in October, according to the Mortgage Bankers Association. The delinquencies can be traced back to …
United Wholesale Mortgage Sued by Mortgage Brokers in Class Action Case
Crain’s Detroit Business, Dec. 14, 2020–Nick ManesA class action lawsuit brought by mortgage lenders in California alleges that United Shore Financial Services LLC wrongfully changed the commission structure on mortgages …
New Study Aims to Crack Cap Rate Code
Commercial Property Executive, Dec. 14, 2020–Paul FiorillaForecasting the direction of property yields has long been the Holy Grail of commercial real estate research—although many have tried, finding a solution has …
Shopping for a Home in 2021? Expect Inflated Home Prices
Motley Fool, Dec. 14, 2020–Dana George (MBA mention)If you are hoping to jump on historically low interest rates to purchase a new home in 2021, you may find yourself paying …
Suspected Russian Hackers Spied on U.S. Treasury Emails–Sources
Reuters, Dec. 13, 2020–Christopher BingHackers believed to be working for Russia have been monitoring internal email traffic at the U.S. Treasury Department and an agency that decides internet and telecommunications …
Pandemic Housing Shifts Will Speed Recovery in 2021
Bloomberg, Dec. 12, 2020–Conor SenA slumping home market dragged out a rebound from the 2008 recession; this time the industry will help, not hinder, the economy.https://www.bloomberg.com/news/articles/2020-12-12/pandemic-housing-shifts-will-speed-2021-economic-recovery?srnd=premium