Bankrate.com, Nov. 16, 2020–Zach WichterA surprising number of homeowners are missing out on the opportunity to save. More than a quarter of current mortgage holders (27 percent) don’t even know …
Category: Top National News
Apartment Investors Mull Opportunities in Distressed Malls
National Real Estate Investor, Nov. 16, 2020–Bendix AndersonApartment dealmakers may find an opportunity to build new apartments around the shells of under-performing or empty regional malls. Hundreds of troubled shopping …
Simon, Taubman Ink Revised Merger Agreement
Commercial Property Executive, Nov. 16, 2020–Lucia MorosanuAfter calling off merger plans in June, Simon Property Group has reached an agreement to acquire competing mall owner Taubman Centers Inc. While the …
Zillow: There’s No Going Back From RON
HousingWire, Nov. 13, 2020–Kelsey RamirezThe company reports that more than 60% of its Zillow Offers customers closed on their home through RON. This increase in tech usage is now driving …
Refinancing Boom Continues in 2020 as Rates Remain Low
Detroit Free Press, Nov. 14, 2020–Susan TomporRefinancing activity is expected to soar by nearly 71% this year according to the Mortgage Bankers Association.https://www.telegraphherald.com/ap/business/article_cbd86653-9be3-5d4e-9980-44ee6bc49574.html
Fears of a Double-Dip Recession Rise Alongside COVID-19 Cases
The Hill, Nov. 15, 2020–Niv ElisEconomists across the political spectrum have consistently warned that sustained growth is dependent on getting the coronavirus under control, with many now viewing the rise …
Manhattan Office Glut Grows as Landlords Face Resurgent Pandemic
Bloomberg, Nov. 13, 2020–Natalie Wongshares of SL Green, the biggest office landlord in New York, are down about 30% since March. To some, that decline merely hints at the pain …
Non-QM Still Gaining Strength
Mortgage Professional America, Nov. 13, 2020–Ryan SmithWith non-QM lending continuing to pick up steam after a COVID-related pause earlier in the year, originators need to know what programs are available …
Wells Fargo Ex-CEO Settles SEC Claims, Former Consumer-Unit Head Faces Fraud Case
Wall Street Journal, Nov. 13, 2020–Dave Michaels, Ben Eisen (subscription)Former Wells Fargo & Co. chief executive John Stumpf agreed Friday to pay $2.5 million to settle civil claims over his …
Better Mortgage Raises Fresh Round Gearing Up for IPO
Real Estate Daily Beat (New York), Nov. 13, 2020Online mortgage lender Better Mortgage revealed it raised $200 million in a series D financing that put the New York-based startup at …