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Real Estate Developer Frank McCourt Leads ‘People’s Bid’ to Acquire TikTok
“The foundation of our digital infrastructure is broken, and it’s time to fix it,” said McCourt. Continue Reading Real Estate Developer Frank McCourt Leads ‘People’s Bid’ to Acquire TikTok
Leadership Shifts at Home BancShares
Chief Lending Officer Kevin Hester will become president of Home BancShares and Centennial Bank. Continue Reading Leadership Shifts at Home BancShares
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Scientists Group Calls on Feds to Establish a National Housing Loss Rate
The proposal calls for a housing-focused federal agency to take the lead on this project. Continue Reading Scientists Group Calls on Feds to Establish a National Housing Loss Rate
Miami Beach Leaders Oppose Metromover Connection Project
The city leaders suggested exploring other options for alleviating the ongoing traffic congestion problems. Continue Reading Miami Beach Leaders Oppose Metromover Connection Project
New Mortgage Banking President at Horizon Bank
David Pendley was previously vice president of mortgage lending at Consumers Credit Union. Continue Reading New Mortgage Banking President at Horizon Bank
Ten steps than can improve housing affordability
Source: Pasadena Star News --- I was excited to read about your recent Executive Order on promoting competition across America with the goal of reducing consumer prices. When it comes to real estate, reducing purchase and refinance transactional costs along with...
Millennials’ Real Estate FOMO Goes Haywire
Source: Bloomberg --- Here’s a word to add to your investing vocabulary: Dungers. The term for dilapidated, crumbling houses comes from New Zealand, which is in the grip of a striking property boom. The country topped Bloomberg Economics’ risk radar in June for being...
Biden’s new dilemma: How to slash housing costs for low-income borrowers
Source: Politico --- President Joe Biden’s move to fire the top U.S. mortgage regulator is triggering calls from fellow Democrats to use the agency to expand access to loans for lower-income people, who have struggled to buy homes since the financial crisis. That’s...
Mortgage servicers brace for fallout as Covid bailout comes to an end
Source: CNBC --- The nation’s mortgage servicers are gearing up for the biggest wave of delinquent loans since the subprime mortgage crisis, but this time they say they are ready. The first wave of borrowers to enter the government’s coronavirus mortgage bailout...
Sub-3% mortgage rate streak comes to an end
Source: MPA --- An increase in mortgage rates has ended a 10-week streak of sub-3% rates, Freddie Mac reported Thursday. For the first time since April, the benchmark 30-year fixed-rate mortgage rose above 3%, up nine basis points to 3.02%. Freddie Mac chief economist...
Homepoint unveils new service model for brokers
Source: MPA --- With refinances drying up, brokers are shifting their focus to capturing the booming purchase market. Homepoint – the nation’s third-largest wholesale lender – has launched Homepoint Amplify, a new service model that aims to help brokers do just that....
Fed Officials Debate Scaling Back Mortgage-Bond Purchases at Faster Clip
Source: The Wall Street Journal --- As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of mortgage-backed securities to avoid adding more fuel to the housing boom. The...
The U.S. is the country most vulnerable to a new financial crisis, Nomura warns
Source: Market Watch --- Wouldn’t it be great to know when financial crises are about to happen? That’s the idea behind a new warning model created by Japanese bank Nomura, with the somewhat unfortunate name Cassandra, given the Trojan priestess of Greek mythology was...
US new home sales slump to one-year low; 30-yr fixed refinance rate hover at 3.25%
Source: Financial World --- On Wednesday, US Commerce Department data had revealed that the sales of newly built single-family homes faltered to a one-year low last month, as the median prices of newly constructed houses kept climbing in context of a flaming timber...
Nonbank Lenders Are Dominating the Mortgage Market
Source: The Wall Street Journal --- Americans took out more mortgages than ever before in 2020. Most of them didn’t come from banks. Nonbank mortgage lenders in the U.S. issued 68.1% of all mortgages originated in 2020, up from 58.9% in 2019, according to industry...
