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 -
While Black homeownership just rose to its highest level in 16 years, it's still the lowest of any racial demographic and 29 percentage points behind white people.
August 6 -
With over 4 million millennials entering prime home buying age each year through 2023, purchase activity will be driven much higher, according to Ellie Mae.
August 5 -
Housing prices continued to grow in June, maintaining a streak in monthly increases that began in February 2012. But the trend could be reversed in 2021 with the resurgent effects of the coronavirus, according to CoreLogic.
August 4 -
The overnight shift to working from home created a number of practical quandaries for mortgage firms large and small, according to a recent survey conducted by Arizent.
August 4 -
The number of loans going into coronavirus-related forbearance fell for the seventh straight week, but the Mortgage Bankers Association predicts the rate will increase if the number of coronavirus cases continues to rise.
August 3 -
Record-low interest rates allowed homebuyers to purchase $32,000 more house for the same monthly payment compared to last July, boosting affordability to the highest level since 2016.
August 3 -
With low inventory and coronavirus limiting accessibility, nearly half of shoppers made offers sight-unseen in June, according to Redfin.
August 3 -
The government-sponsored enterprise's earnings were up tenfold as it stabilized mortgage market liquidity amid the coronavirus.
July 30 -
The private equity megalith's mortgage trust made a second-quarter net income of over $17.5 million and $85.2 million in core earnings.
July 30 -
Black homeownership grew for the fourth quarter in a row, hitting its largest percentage since 2004 despite disproportionate impacts of the coronavirus.
July 29
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