Mortgage Professional America, Oct. 29, 2020–Kasi JohnstonAll signs are pointing up in non-QM. Rates are competitive and continue to decline, and the lenders who have re-entered the market have been …
Category: Top National News
CoreLogic Confirms It Is Entertaining Offers to Sell At or Above $80 Per Share
HousingWire, Oct. 28, 2020–Sarah WheelerAfter months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer.https://www.housingwire.com/articles/corelogic-confirms-it-is-entertaining-offers-to-sell-at-or-above-80-per-share/
Zillow’s Zestimate Is the Algorithm We Love to Hate. Why Can’t We Quit It?
Wall Street Journal, Oct. 29, 2020–Kris Frieswick (subscription)Some people let their body weight define them. The number on the scale becomes a proxy for their self-worth, a numerical representation of …
Fannie Mae, Freddie Mac Third-Quarter Earnings Rise on Mortgage Refinance Boom
Wall Street Journal, Oct. 29, 2020–Andrew Ackerman (subscription)Government-controlled mortgage giants Fannie Mae and Freddie Mac reported improved earnings in the third quarter, as record-low interest rates fueled a refinancing boom …
Mortgage Rates Remain Near Record Low Amid Stock Market Turbulence
Washington Post, Oct. 29, 2020–Michele LernerMortgage rates remained near record lows last week, according to a Freddie Mac survey released Thursday, amid turbulence in the stock market spurred by investors’ …
It Would be Ludicrous to Launch a Retail Real Estate Venture Now, Right? Maybe Not.
Real Estate Journals, Oct. 29, 2020–Matt BakerSince the start of the pandemic, retail businesses have scrambled to find ways to engage with customers unwilling or unable to come into a …
Mortgage Rates Sink to a Record Low — And Borrowers Say, ‘Yes, Please’
Yahoo News, Oct. 28, 2020–Ethan RotbergMortgage rates keep falling to record lows, causing larger numbers of borrowers to scramble for cheap home loans while they can. (MBA mention)https://finance.yahoo.com/news/mortgage-rates-sink-borrowing-bounces-170800783.html
Coronavirus is Driving a Vacation Town Real Estate Boom
BankRate, Oct. 29, 2020–Zach WichterIn another sign of how the pandemic is reshaping America, communities that have traditionally been seen as vacation spots have experienced a buying boom as housing …
Guild Mortgage: DOJ Allegations are ‘Without Merit’
Mortgage Professional America, Oct. 28, 2020–Ryan Smith“Guild entered into this settlement agreement to avoid the delay, uncertainty, and expense associated with continued litigation,” it said in a statement. “Guild did …
How COVID-19 Has Impacted NextGen Homebuyers: Key Findings from a Recent Study
HousingWire, Oct. 28, 2020–Kristin MesserliAccording to a survey by Edward Jones and Age Wave, roughly a third of millennials and Gen Z have experienced an extreme or very negative impact …