Mortgage Professional America, Dec. 7, 2020=-Candyd MendozaDespite the slowdown in employment growth, Mortgage Bankers Association Chief Economist Mike Fratantoni said that the uptick in home construction jobs remained a “notable …
Category: Top National News
Independent Mortgage Banker Profits Increase in Q3
World Property Journal, Dec. 7, 2020According to the Mortgage Bankers Association’s newly released Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks reported a net …
This is the Top Housing Market in the Country Heading Into 2021 — Hint: It’s Not San Francisco
MarketWatch, Dec. 7, 2020Millions of Americans have embraced the work-from-home life. And the shift toward remote working is beginning to influence where people call home.https://www.marketwatch.com/story/this-is-the-top-housing-market-in-the-country-heading-into-2021-hint-its-not-san-francisco-11607352356
New York State Officials Revive Plans to Tax Second Homes in NYC
Bloomberg, Dec. 4, 2020–Oshrat CarmielDemocratic legislators updated their long-running proposal for a New York City “pied-a-terre tax” in October and sent it to committee for review before an official introduction …
iBuyer Purchase Volume Sank 82% YOY in Q3
HousingWire, Dec. 4, 2020–Julia FalconiBuyer purchase volumes were significantly lower during the third quarter this year than they were pre-pandemic, according to zavvie‘s inaugural Seller Preference Report. In Q3, iBuyer …
Nonbank Mortgage Payrolls Set New Record, Rise Above the 350,000 Mark
National Mortgage News, Dec. 4, 2020–Bonnie Sinnock (subscription)Even with a slight downward revision to September’s numbers, employment in the industry remained incredibly high through October as home-loan refinancing continued to …
U.S. COVID-19 Relief Talks Gain Momentum as Lawmakers Set Monday Deadline
Reuters, Dec. 4, 2020–David MorganTalks aimed at delivering a fresh infusion of coronavirus relief to American families and businesses gathered momentum in the U.S. Congress on Friday, as a bipartisan …
Mortgage Industry Roars to Best Year Ever, Courtesy of the Fed
Bloomberg, Dec. 4, 2020–Prashant Gopal, Christopher Maloney, Shahien NasiripourThe Federal Reserve has handed U.S. mortgage lenders their best year ever. Nobody knows that better than Shant Banosian, the industry’s first …
CoreLogic Projects Low Mortgage Rates and High Prices into 2023
HousingWire, Dec. 4, 2020–Alex RohaCoreLogic released its final three-year housing and mortgage outlook report for the year, and if numbers hold up, the data company predicts 2021 will maintain its …
Fed’s Evans, Disappointed by Jobs Data, Isn’t Ready for More Fed Stimulus
Wall Street Journal, Dec. 4, 2020–Michael S. Derby (subscription)Federal Reserve Bank of Chicago President Charles Evans said Friday that although the latest job creation data is disappointing, he wasn’t yet …