UExpress, Sept. 25, 2020–Lew SichelmanSellers who need to bring their kitchens up to date, repair foundation cracks or make other fixes before putting their places on the market might not …
Category: Top National News
CFPB Missed Opportunity to Call Out Lending Discrimination, Critics Say
American Banker, Sept. 24, 2020–Kate Berry (subscription)The agency’s report on mortgage data submitted by lenders identified persistent disparities between white borrowers and minorities in denial rates and pricing. Some observers …
RE/MAX Acquires Location Intelligence Data Company
HousingWire, Sept. 24, 2020–Julia FalconRE/MAX Holdings has acquired fintech company the Gadberry Group, its second fintech acquisition this month. No financial details were disclosed in Monday’s announcement, but according to …
Better.com Seeks to Ride Refinancing Wave to a $4 Billion Valuation
The Information, Sept. 23, 2020–Cory Weinberg (subscription)An online mortgage loan startup that has seen strong growth from the borrowing surge is now seeking new financing at a sharply higher valuation …
Lawmakers Offer Support for Fed’s New Inflation Strategy
Wall Street Journal, Sept. 24, 2020–Nick Timiraos, Kate Davidson (subscription)Over three days of congressional hearings this week that concluded Thursday, Fed Chairman Jerome Powell received some accolades—and not a word …
Homebuilders are Holding Back Sales Amid Historic Demand
Yahoo! Finance, Sept. 24, 2020–Sarah PaynterHome builders across the country sold homes at a record pace this summer, burning through their supply. To slow down the sales activity, homebuilders have …
Tips for Landlords Going Without Rental Income
Orange County Register, Sept. 24, 2020–Jeff LazersonThere are 8 million independent U.S. landlords, according to the Urban Institute. How many of them are already at risk of loan default or …
Pelosi Abruptly Shifts Course, Restarts Economic Relief Push Amid Signs Economy is Straining
Washington Post, Sept. 24, 2020–Erica Werner, Rachel BadeHouse Speaker Nancy Pelosi (D-Calif.) abruptly shifted course Thursday and moved to assemble a new and smaller coronavirus relief bill to form the …
Florida Braces for a Storm of Homeowners Insurance Rate Hikes
Bloomberg, Sept. 24, 2020–James TarmyThe peculiar dynamics of reinsurance and climate have inched the state of Florida toward the precipice of an insurance disaster. Simply put, homeowners’ premiums are set …
Insider Mortgage Fraud Charges Highlight Persistent Industry Risk
National Mortgage News, Sept. 24, 2020–Bonnie Sinnock (subscription)Twelve people were charged in a scheme regarding the creation of 100 fraudulent mortgages in Georgia, according to the HUD inspector general.https://www.nationalmortgagenews.com/news/insider-mortgage-fraud-charges-highlight-persistent-industry-risk