National Mortgage Profesional, Oct. 2, 2020–Navi PersaudZillow’s Weekly Market Report revealed that sellers are still holding control over the housing market. Sellers are benefitting from a depleted inventory and prices …
Category: Top National News
Refinancing Your Mortgage? Why You Might Not Get The Best Rate
Forbes, Oct. 2, 2020–Natalie CampisiIn every great action movie, there’s a ticking-time-bomb element. If mortgage lending were an action movie, then rates are the time bomb. Since there’s no telling …
Refinance Your Mortgage Before This Fee Goes into Effect
Fox Business, Oct. 2, 2020–Angela BrownThere are plenty of reasons to refinance, but avoiding an incoming Fannie Mae and Freddie Mac refinancing fee now tops the list. The mortgage companies …
The Real Estate CFO In A Time Of Change: An Interview With RE/MAX’s Finance Chief
Forbes, Oct. 2, 2020–Jeff ThomsonThe real estate industry has been disrupted in 2020, but not necessarily to its detriment. Karri Callahan, CFO of the global franchise-based real estate company RE/MAX, …
The Ultra-Rich Are Using Giant Home Loans to Access Cheap Credit
Bloomberg, Oct. 2, 2020–Benjamin StupplesLenders are increasingly providing credit to their most valuable clients after central banks slashed interest rates to protect the economy from the effects of the COVID-19 …
Americans Might Never Come Back to the Office, and Twitter is Leading the Charge
Washington Post, Oct. 1, 2020–Elizabeth DwoskinCorporate America has long been defined by physical offices. But in a few short weeks, the pandemic upended that as thousands of companies mandated their …
Flood Insurance Program Reauthorized by Trump After Short Lapse
HousingWire, Oct. 1, 2020–Kathleen HowleyTechnically, the National Flood Insurance Program lapsed at midnight on Wednesday, along with the entire federal budget. It didn’t become law until Trump signed it shortly …
Predatory Lending Suit Alleges Vision Property Targeted Black Buyers
National Mortgage News, Oct. 1, 2020–Paul Centopani (subscription)The class-action lawsuit claims the company used deceptive contracts, locking low-income Black homebuyers into disadvantageous long-term mortgages without proper lending disclosures.https://www.nationalmortgagenews.com/news/nclc-aclu-naacp-sue-vision-property-for-predatory-home-buying-scheme
What the Presidential Election Means for Multifamily
Multi-Housing News, Oct. 1, 2020–Gail KalinoskiMike Flood, senior vice president, commercial/multifamily policy and member engagement at the Mortgage Bankers Association, questioned whether Federal Housing Finance Agency Director Mark Calabria would …
Fall Is Usually a Good Time to Buy a Home. This Year Could Be Different
Barron’s, Oct. 1, 2020–Shaina MishkinCoronavirus sent the U.S. housing market for a spin this summer as demand outstripped supply—and the highly competitive environment appears to have continued into the fall.https://www.barrons.com/articles/fall-is-usually-a-good-time-to-buy-a-home-this-year-could-be-different-51601594806