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
Category: Top National News
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 …
Rocket Mortgage’s HOI Verification Tool Now Available to Other Lenders
National Mortgage News, Dec. 9, 2020–Paul Centopani (subscription)Clear HOI — an encrypted, cloud-based tool that automates homeowners insurance underwriting — is getting released to the broader market by Rocket Mortgage’s …
U.S. Job Openings Slipped in Early December
Wall Street Journal, Dec. 9, 2020–Gwynn Guilford (subscription)The number of job openings in the U.S. edged down slightly in the first week of December, a sign of a softening labor …
A Biden CFPB Could Put Pressure on Mortgage Servicers
American Banker, Dec. 8, 2020–Kate Berry (subscription)Mortgage servicing could face increased scrutiny early next year as the incoming Biden administration and some states are expected to take a harder line …
What Does the Adverse Market Fee Mean for the Housing Industry?
Builder, Dec. 9, 2020–Nicollette Chapman“The [Mortgage Bankers Association] has been a great advocate for our members and our industry to ensure there’s ongoing collaboration with the FHFA and the GSEs …
Mortgage Rates Set 14th Record Low of the Year, Driving Even More Refinance Demand
CNBC, Dec. 9, 2020–Diana OlickMortgage applications to refinance rose 2% last week from the previous week, and an eye-popping 89% higher from a year ago, according to the Mortgage Bankers …
LIBOR is Being Phased Out in 2021. What Now?
HousingWire, Dec. 8, 2020–Tim GlazeMortgage lenders are preparing for the end of LIBOR, which is set to be phased out by the end of 2021.https://www.housingwire.com/articles/libor-is-being-phased-out-in-2021-what-now/