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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While purchasing power rose due to low rates and increasing income, “homebodies” suppressed inventory, according to First American.
June 22 -
Announced the day before the first federally recognized Juneteenth holiday, the Black Homeownership Collaborative has a seven-point initiative to improve upon racial equality in home buying in the next nine years.
June 18 -
About 20% of the pandemic-related delinquent borrowers are up for review by the end of June, which could lead to vast improvement or deeper financial strife, according to Black Knight.
June 18 -
Demand was strongest at the high end of the market, which pushed loan amounts up for the fourth straight month.
June 17 -
As home prices set new records, a shift in consumer attitude led to fewer bidding wars and a growing number of listings, according to Zillow and Redfin.
June 16 -
Although activity crept down in May from April, it posted “dramatic” increases from the year before, according to Attom Data Solutions.
June 15 -
Changed borrower psychology and the severe housing inventory shortage dropped lending activity across the board, according to Black Knight.
June 14 -
With residential supply severely lagging behind demand, redeveloping unused office space into multifamily properties seems like a perfect solution, but it’ll take governmental collaboration and tax breaks to make such projects financially compelling, developers say.
June 11 -
The continued home price spike also drove the negative equity share to an all-time low, according to CoreLogic.
June 10 -
Rising sea levels aren’t keeping buyers from scooping up oceanfront homes as work flexibility gives consumers wider options on where to live, according to Redfin.
June 9 -
In the aftermath of 2020’s historic year of mortgage originations, lenders are concerned with keeping employees and insulating themselves from the negative effects of the boom and bust cycle, according to a survey from The Mortgage Collaborative.
June 8 -
While a growing share of consumers feel optimistic about the economic recovery underway, the extreme seller’s market made the majority of prospective borrowers pessimistic for only the second time in 10 years, according to Fannie Mae.
June 7 -
The four-week high in forbearance exits also helped drive the considerable drop in plans, according to Black Knight.
June 4 -
Refinancings more than doubled the year-ago amount and made up for the slowed purchase activity, according to Attom Data Solutions.
June 3 -
The digital title insurance, closing, escrow, and recording services provider has now raised a total of $110 million in funding.
June 2 -
Housing experts and advocates disagree on the biggest factor in advancing the Black homeownership rate — and that's part of the problem.
June 1 -
Housing value growth in April hit a 15-year high as the inventory squeeze created gridlock between baby boomer sellers and millennial buyers, according to CoreLogic.
June 1 -
Despite decades of corporate talk and experimentation, digitization strategies remain largely piecemeal, unfocused, and ineffective. Is change finally coming?
June 1 -
The ongoing CARES Act foreclosure moratoria may have led to distressed borrowers abandoning their homes, according to Attom Data Solutions.
May 27 -
Average days to close dropped closer to pre-pandemic levels in April, according to ICE Mortgage Technology.
May 26
