“The housing market is now like a Soviet-era supermarket, with most of the shelves empty.”
–Redfin CEO Glenn Kelman.
Category: News and Trends
People in the News Mar. 1 2021
Spring EQ, Philadelphia, hired Saket Nigam as senior vice president of capital markets. He will be responsible for leading the company’s continued growth in the consumer-direct and wholesale mortgage markets for first and second mortgage products.
Paul Anselmo: The Increasing Value of Outsourcing During Market Shifts
At some point in the future, however, it’s inevitable that the market will shift—and it’s not too soon to prepare. And just as outsourcing has helped many originators overcome unprecedented capacity issues while volumes are high, it may again prove to be the best strategy for organizations transitioning to the next market environment.
Priced to Perfection: CRE Values Inch Up
As the anniversary of COVID significantly impacting the U.S. and commercial/multifamily property markets passes, challenging questions about property values remain top of mind.
MBA Premier Member Profile: Snapdocs
Snapdocs is a mortgage technology company that is hyper-focused on defragmenting the critical last mile in the loan origination lifecycle, the closing process.
FHFA Extends COVID-19 Forbearance Period/Foreclosure and REO Eviction Moratoriums; Aligns Mortgage Relief Policies Across Government
The Federal Housing Finance Agency on Thursday announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government, a move that drew praise from the Mortgage Bankers Association.
January Pending Home Sales Down 2.8% Amid Inventory Dearth
Pending home sales took a step backward in January as inventory constraints continue to hold back prospective buyers, the National Association of Realtors reported yesterday.
4Q GDP Second Estimate Slightly More Optimistic
The Bureau of Economic Analysis yesterday revised upward ever-so-slightly its second (revised) estimate of fourth quarter gross domestic product.
Unemployment Claims Fall to 7-Week Low
Unemployment claims fell for the first time in five weeks, the Labor Department reported yesterday, to their lowest level this year, although they remain elevated compared to pre-pandemic levels.
People in the News Feb 26 2021
Spring EQ, Philadelphia, hired Saket Nigam as senior vice president of capital markets. He will be responsible for leading the company’s continued growth in the consumer-direct and wholesale mortgage markets for first and second mortgage products.