National Mortgage News, Jan. 14, 2021–Bonnie Sinnock (suscription)Purchase apps for new homes only eked out a small gain in December but the Mortgage Bankers Association is forecasting that they will …
Category: Top National News
First Community Mortgage To Acquire a Mortgage Boutique
National Mortgage Professional, Jan. 14, 2021–Navi PersaudFirst Community Mortgage will acquire a Mortgage Boutique in a transaction that is currently pending regulatory approval. FCM is targeting to close on the …
Jobs Market Has Long Recovery Ahead, Says Fed’s Powell
Wall Street Journal, Jan. 14, 2021–Jon Hilsenrath (subscription)The U.S. is a long way from a strong job market, Federal Reserve Chairman Jerome Powell said Thursday, an indication that the central …
Bank Earnings: Expect a Messy Quarter and a Peek at 2021
Wall Street Journal, Jan. 14, 2021–Orla McCaffrey (subscription)2020 was a whiplash kind of year for U.S. banks. When the firms start reporting fourth-quarter earnings this week, investors will want to …
Mortgage Rates Spike to Highest Level in Two Months
Washington Post, Jan. 14, 2021–Kathy OrtonOne week after falling to record lows, mortgage rates rebounded sharply to their highest levels since mid-November. According to the latest data released Thursday by …
Analysis: CRE and Washington’s New Agenda
Commercial Property Excutive, Jan. 14, 2021–Paul FiorillaThe upset wins of two Democrats in the Jan. 5 runoff elections for Georgia’s U.S. Senate seats carries far-reaching implications, not least for economic …
Brian Brooks to Step Down as Comptroller of the Currency
MReport, Jan. 13, 2021–David WhartonActing Comptroller of the Currency Brian P. Brooks has announced he will step down on January 14, and COO Blake Paulson will become Acting Comptroller of …
Impact of the CARES Act on Mortgage Servicing Operations
HousingWire, Jan. 13, 2021–George FitzGeraldAt the onset of the COVID-19 crisis in the U.S., as servicers worked to quickly help borrowers in need of assistance, significant operational challenges began to …
Servicers Say Shifting Investor Policies are Their Top Challenge
National Mortgage News, Jan. 13, 2021–Bonnie Sinnock (subscription)Changes in rules related to repayment options and refinancing criteria have complicated servicers’ lives, but otherwise this crisis hasn’t been as bad as …
Blend Closes $300M In Funding, Nearly Doubles Its Valuation
National Mortgage Professional, Jan. 13, 2021–Navi PersaudDigital lending company Blend closed $300 million in series G funding, led by Coatue and Tiger Global. With the latest round of funding, Blend …