Paul Centopani is an editor for National Mortgage News. Prior to joining Arizent, he worked as an editor at a private equity publication and freelances as a sports writer in his spare time. Paul grew up in Connecticut, graduated from THE Binghamton University and now resides in Chicago after seven years as a New Yorker.
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As inventory dropped to an all-time low in July, borrowers hunted for houses further and further from city centers, causing price spikes in rural markets, according to Redfin.
August 17 -
As more borrowers exit their plans, fewer than 4 million loans sit in forbearance, according to Black Knight.
August 14 -
With the moratorium still in place, mortgage foreclosure activity fell 83% in July compared to the year before and 4% from June, according to Attom Data Solutions.
August 13 -
A former home mortgage consultant with the company alleges she was subjected to a lower compensation structure, awards and benefits compared to her male counterparts.
August 12 -
Refinance volume led the spike in mortgage applications for the week ending Aug. 7 as interest rates continued tumbling.
August 12 -
In a letter to the Consumer Financial Protection Bureau, the Mortgage Bankers Association recommended adding six more months to the latest GSE patch proposal.
August 12 -
The number of loans going into coronavirus-related forbearance was down for the eighth consecutive week, as the growth rate fell 23 basis points between July 27 and August 2, according to the Mortgage Bankers Association.
August 10 -
About 54% of properties underwent bidding wars in July with some metro areas peaking at 75%, according to Redfin.
August 10 -
With infections resurging, consumer confidence in the housing market hit a snag in July, but sellers are feeling better about their prospects, according to Fannie Mae.
August 7 -
Rising equity levels lifted borrowers across the spectrum in the second quarter, according to Attom Data Solutions.
August 6
