GlobeSt.com, Dec. 22, 2020–Les ShaverDespite a significant fall-off in acquisition financing in the last two quarters, loan refinancings, particularly for FHA, Fannie Mae, Freddie Mac and bank balance sheets, helped …
Category: Top National News
Money’s 2021 Real Estate Outlook: What to Expect for Mortgage Rates, Home Prices and More
Money, Dec. 22, 2020–Leslie CookAccording to Joel Kan, associate vice president of economic and industry forecasting for the Mortgage Bankers Association, the recent news of the approval and initial distribution …
Empty Hotels Get Second Life as Tiny Apartments During Pandemic
Wall Street Journal, Dec. 22, 2020– Will Parker, Konrad Putzier (subscription)Investors are buying hotels and turning them into rental apartments, in the latest sign of how the Covid-19 pandemic is …
International Investors Have Sights Set on U.S. Multifamily Deals
National Real Estate Investor, Dec. 22, 2020–Bendix AndersonThe money from overseas spent on U.S. apartment buildings is likely to increase in 2021, once several working vaccines against the coronavirus are …
Seterus Agrees to Pay $5M in Distressed Servicing Settlement with CFPB
National Mortgage News, Dec. 21, 2020–Brad Finkelstein (subscription)The company was accused of sending borrowers erroneous loan modification information between 2014 and 2018.https://www.nationalmortgagenews.com/news/seterus-settles-with-cfpb-in-distressed-servicing-case
End of Refi Boom Could Put Squeeze on Credit Unions in 2021
American Banker, Dec. 22, 2020–Jackie Stewart (subscription)Mortgage lending has skewed toward refinancing this year, thanks to historically low rates. Overall, the number of originations in 2020 was expected to be …
Congress Approves $900B COVID Relief Bill, Sends to Trump
Associated Press, Dec. 22, 2020–Andrew TaylorLawmakers tacked on a $1.4 trillion catchall spending bill and thousands of pages of other end-of-session business in a massive bundle of bipartisan legislation as …
Qualia Hits Unicorn Status, Acquires Adeptive Software
HousingWire, Dec. 21, 2020–Tim GlazeDigital closings firm Qualia announced Monday that it had reached unicorn status with a fresh infusion of venture capital. And for good measure, it also announced …
Lenders Should Target Gen-Z with Mobile Origination Process: Study
National Mortgage News, Dec. 21, 2020–Brad Finkelstein (subscription)Two reports reveal how borrowers prefer to engage with lenders, with younger customers preferring an efficient digital experience and most seeking some form …
Next Spring Homebuying Season Could Be The Biggest In Recent Memory
National Mortgage Professional, Dec. 21, 2020–Navi PersaudZillow predicts that annual sales growth will be the highest in close to 40 years. The company believes that life and financial certainty will …