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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At the metro level, Buffalo, N.Y., had the worst undervaluation for Black-owned homes at 86% followed by 72% in both Memphis, Tenn., and Indianapolis, Redfin found.
April 20 -
As listings were snagged at near-record speed, inventory hit yet another new low point, according to Remax.
April 19 -
And with demand far outweighing supply, the average new-home purchase loan ascended to another record high.
April 15 -
COVID-19 quickly altered the hierarchy of borrower debt, with home financing payments taking precedence over credit cards and auto loans, according to TransUnion.
April 14 -
In the nonstop deluge of loan volume, last year’ highest producing loan officers leaned on tech — though sometimes reluctantly — to adapt in the digital marketplace.
April 14 -
While the overall delinquency rate decreased for the fifth straight month, states with unemployment rates that were double and triple the national average had the most overdue loans, a CoreLogic report found.
April 13 -
The stabilizing economy drove one of the biggest mortgage recoveries on record, according to the Mortgage Bankers Association.
April 12 -
Even as properties spent the least time ever on the market and the average sale-to-list home price ratio broke 100%, some indicators point to a slight reversal, which could head off “runaway home price speculation or a housing bubble,” Redfin chief economist Daryl Fairweather said.
April 9 -
The digital lender’s valuation ballooned to $6 billion from $4 billion less than five months after closing a $200 million fundraise.
April 8 -
More lenders are willing to take on borrowers who are lower on the qualification spectrum as the economy rebounds.
April 8
