Washington Post, Oct. 20, 2020–Lisa ReinAs the pandemic has taken hold across the United States, what once were rural outposts here have turned into boomtowns.https://www.washingtonpost.com/national/coronavirus-montana-escape-property-gold-rush/2020/10/20/9e36e858-0340-11eb-a2db-417cddf4816a_story.html
Category: Top National News
Bidding Wars Boom as Homes Spend as Little as 4 Days on the Market
National Mortgage News, Oct. 20, 2020–Paul Centopani (subscription)Bidding wars increased for the fifth straight month, with Salt Lake City posting the highest rate of competitive listings in two years, according …
Fed’s Quarles Says Market Turmoil Triggered by Covid-19 Revealed Fragile Nonbank System
Wall Street Journal, Oct. 20, 2020–Paul Kiernan (subscription)The market turmoil triggered by the coronavirus pandemic early this year uncovered weaknesses in the U.S. financial system that regulators are seeking to …
New Normal: Borrower Satisfaction with Remote Mortgage Closings Grows
Mortgage Professional America, Oct. 20, 2020–Candyd MendozaDespite the disruption caused by the coronavirus pandemic, borrowers have become well-adapted to e-signings and remote closing and were highly satisfied with their overall …
Calabria to Seek Input on Future Fannie/Freddie Policies
Mortgage News Daily, Oct. 20, 2020–Jann SwansonMark Calabria, director of the Federal Housing Finance Agency used the annual convention and expo of the Mortgage Bankers Association to announce changes in …
Hurley
Jeff Hurley
The CRE Sector Discovers the Benefits of SPACs
National Real Estate Investor, Oct. 20, 2020–Beth Mattson-TeigSpecial purpose acquisition companies (SPACs) have surged in popularity in recent years and that includes some targeting commercial real estate.https://www.nreionline.com/investment/cre-sector-discovers-benefits-spacs?
New Chair Susan Stewart on the Future of the MBA
National Mortgage News, Oct. 19, 2020–Heidi Patalano (subscription)The CEO of SWBC Mortgage discusses her top priorities for the Mortgage Bankers Association, the election, the CFPB’s seasoned QM proposal and what …
SWBC Mortgage CEO Takes Helm of MBA
MortgageOrb, Oct. 19, 2020–Michael BatesSusan Stewart, CEO of SWBC Mortgage Corp., has been sworn in as chair of the Mortgage Bankers Association.https://mortgageorb.com/swbc-mortgage-ceo-takes-helm-of-mba
Weakened U.S. Consumer Watchdog Expected to Bite Back if Biden Wins Election
Reuters, Oct. 19, 2020–Katanga JohnsonA decade-long Republican campaign to weaken the Consumer Financial Protection Bureau’s independence is set to backfire if Democrat Joe Biden wins the presidential election, by handing …