Bloomberg, Jan. 5, 2021–John GittelsohnOffice vacancies in Manhattan jumped to a 21st century record as the Covid-19 pandemic froze new rental deals and sublease openings soared. Last year ended with …
Category: Top National News
Guaranteed Rate to Acquire Stearns Lending
HousingWire, Jan. 5, 2021–James KleimannChicago-based lender Guaranteed Rate is acquiring wholesale lender Stearns Lending for an undisclosed sum, multiple sources said. Employees at Stearns, primarily a wholesale lender that is …
RealPage Acquires Bulk Internet Provider WhiteSky
HousingWire, Jan. 5, 2021–Julia Falconroptech company RealPage will acquire WhiteSky Communications, a company that offers internet, video and voice services to multifamily buildings. Financial terms of the deal were not …
4 Key Sets of Metrics Mortgage Companies Must Watch in 2021
National Mortgage News, Jan. 5, 2021–Bonnie Sinnock (subscription)The Fed’s decision to lower rates amid a pandemic proved serendipitous for home lenders who benefited from a refinance boom last year, but …
AmeriHome Set to Revived $250 Million IPO in 2021
Mortgage Professional America, Jan. 5, 2021–Candyd MendozaThe filing comes two months after AmeriHome announced that it is pushing back the public offering. The lender planned to raise $250 million by …
Could 2% Define Mortgage Rates for the Next Decade?
HousingWire, Jan. 4, 2021–Tim GlazeMost industry observers believe rates will remain at the same low levels in 2021 as the Federal Reserve uses low rates as a weapon to combat …
Genworth Likely to Spin Off MI Business as Oceanwide Deal Stalls Again
National Mortgage News, Jan. 4, 2021–Brad Finkelstein (subscription)While the agreement with China Oceanwide still remains in place, there was no formal extension of the Dec. 31 deadline.https://www.nationalmortgagenews.com/news/china-oceanwide-deal-stalls-again-making-genworths-mi-spinoff-likely
Mall of America No Longer Delinquent on its $1.4B Mortgage
Minneapolis Star-Tribune, Jan. 4, 2021–Nicole NorfleetAfter falling months behind on the mortgage of the Mall of America during the onset of the COVID-19 crisis, the mall’s owner has modified the …
‘COVID, COVID, COVID’: Pandemic Set to Dominate ’21 Banking Agenda on Hill
American Banker, Jan. 4, 2021–Neil Haggerty (subscription)The Georgia runoffs and resulting balance of power in Congress will help determine which bills on bankers’ wish list gain traction. But regardless, existing …
Fed’s Evans Sees Long Period of Accommodative Monetary Policy
Reuters, Jan. 4, 2021–Ann SaphirChicago Federal Reserve President Charles Evans on Monday had a message for markets: vaccines may bring the coronavirus pandemic under control this year, but the U.S. …