National Mortgage News, Oct. 13, 2020–Paul Centopani (subscription)Record-low interest rates, high origination volumes and social distancing created a perfect storm for mortgage fintechs like SnapDocs and LoanSnap to score a …
Category: Top National News
UWM Notches Record Third-Quarter Of $1.45B Net Income
National Mortgage Professional, Oct. 13, 2020–Navi PersaudUnited Wholesale Mortgage notched a record third-quarter in 2020, reporting closed loan volume exceeding $54.2 billion, up 81% from $29.9 billion loan volume closed …
Blackstone-Backed Finance of America Is Set for IPO
Wall Street Journal, Oct. 13, 2020–Corrie Driebusch (subscription)Consumer-lending platform and Blackstone Group Inc. portfolio company Finance of America Equity Capital LLC is set to go public with a valuation of …
Considering the Availability of Forbearance, Why are 400K Americans Behind on Their Mortgages?
Mortgage Professional America, Oct. 13, 2020–Clayton JarvisA new report from the Urban Institute found that, despite forbearance having been made an accessible option back in April, there are still hundreds …
JPMorgan Chase’s Mortgage Business Getting Back to Normal
HousingWire, Oct. 13, 2020–James KleimannJPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020.https://www.housingwire.com/articles/jpmorgan-chases-mortgage-business-getting-back-to-normal/
COVID-19’s Economic Outcome: A More Active Government Role?
Commercial Property Executive, Oct. 13, 2020–Paul FiorillaYardi Matrix’s Paul Fiorilla discusses how the pandemic is shifting views about government intervention and what that means for commercial real estate.https://www.cpexecutive.com/post/covids-economic-outcome-a-more-active-government-role/
Renters Flock to Suburbia, Upending Decadelong Urbanization Trend
Wall Street Journal, Oct. 13, 2020–Peter Grant (subscription)Apartment rents are rising in suburban markets across the U.S. as city dwellers look for bigger spaces in smaller towns. New suburban tenants …
COVID-19 Spurred a New Home-Buying Frenzy, But is it Becoming Harder to Find a New Home?
ABC News, Oct. 13, 2020–Haley YamadaEven during an ongoing pandemic, there is still a demand to buy homes. (MBA mention)https://abcnews.go.com/US/covid-19-spurred-home-buying-frenzy-harder-find/story?id=73571007
Pandemic Speeds Remote Online Notarization
Auto Finance News, Oct. 12, 2020–Jeremy RzepkaGiven the increase in virtual working environments due to COVID-19, many lenders are exploring electronic notarization, remote online notarization (RON), and even electronic signatures. …
It Was Harder to Get a Mortgage in September, Data Shows
Motley Fool.com, Oct. 12, 2020–Maurie BackmanSeptember was a good time to get a mortgage from an interest rate perspective. The 30-year loan averaged under 3% that month. But despite the …