Wolters Kluwer Governance, Risk & Compliance has signed an agreement to acquire eOriginal for $280 million in cash, officials said. eOriginal is a provider of cloud-based digital lending software.https://www.housingwire.com/articles/wolters-kluwer-grc-acquires-eoriginal/
Category: Top National News
Homeowners Satisfied With Current Appraisal Process, Still More To Be Done
National Mortgage Professional, Dec. 10, 2020–Navi PersaudA national survey commissioned by ServiceLink revealed that more than a third of consumers who recently bought, sold or refinanced a home expressed a …
U.S. Household Net Worth Hits Record in Third Quarter
Wall Street Journal, Dec. 10, 2020–Paul Kiernan (subscription)The net worth of U.S. households rose to a record in the third quarter as the value of stock portfolios and real estate …
More Borrowers Fell Behind on Commercial Mortgages in November
Bloomberg, Dec. 10, 2020–John GittelsohnThere was an increase in borrowers who fell behind on commercial mortgage payments in November.The delinquency rate on all commercial mortgages climbed to 5.7% in November …
The Hill’s Top Lobbyists 2020
The Hill, Dec. 10, 2020This year’s list includes MBA Senior Vice President of Legislative & Political Affairs Bill Killmer and MBA Associate Vice President of Legislative and Political Affairs Ernie …
Mortgage Rates Level Off One Week after Sinking to Another Record Low
Washington Post, Dec. 10, 2020–Kathy OrtonA week after mortgage rates swooned to a historic low for the 14th time this year, they paused to catch their breath.According to the latest …
Coronavirus Causes Positive Changes for Real Estate Industry
Spectrum News 13 (Orlando, Fla.), Dec. 10, 2020–Ryan MartinThe COVID-19 pandemic has changed the landscape for many industries, including real estate.https://www.mynews13.com/fl/orlando/news/2020/12/10/coronavirus-causes-positive-changes-for-real-estate-industry
Mortgage Originations Are on Pace for Best Year Ever
Wall Street Journal, Dec. 10, 2020–Ben Eisen (subscription)Americans are poised to take more mortgages this year than they did even during the run-up to the 2008-09 financial crisis.https://www.wsj.com/articles/mortgage-originations-are-on-pace-for-best-year-ever-11607596201?
Supreme Court Hears Arguments on FHFA Structure
HousingWire, Dec. 10, 2020–James KleimannThe Supreme Court heard arguments Wednesday over whether it should find the structure of the Federal Housing Finance Agency unconstitutional and void an agreement it struck …
Rents are Down Nationwide, But is the Decline of Urban Multifamily Already Over?
Mortgage Professional America, Dec. 9, 2020–David KitaiRents have fallen 1.3% nationwide year over year. It showed, as well, where rents have fallen most dramatically and which multifamily rental markets have …