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LoanDepot, in Slimmed-Down IPO, Raises Only $54M

LoanDepot, in Slimmed-Down IPO, Raises Only $54M

Saturday, 13 February 2021
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Online mortgage lender LoanDepot has raised $54 million in a downsized initial public offering. So reports Renaissance Capital’s IPO Center. Read more...
Mortgage Rates Hold Steady Again, But for How Long?

Mortgage Rates Hold Steady Again, But for How Long?

Saturday, 13 February 2021
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After rebounding somewhat to start the year, mortgage rates have settled into a narrow range in the past few weeks, raising uncertainty about whether they could go even lower. So reports MarketWatch. Read more...
Bond Insurer MBIA Settles Mortgage Case Against Credit Suisse

Bond Insurer MBIA Settles Mortgage Case Against Credit Suisse

Saturday, 13 February 2021
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In 2009, municipal bond insurer MBIA Inc.’s MBIA Insurance Corp. filed mortgage claims against lender Credit Suisse over property debt. Now, more than a decade later, the parties have agreed to settle. So reports Reuters. Read more...
Zillow, Spoofed on 'SNL,' Posts Record Earnings

Zillow, Spoofed on 'SNL,' Posts Record Earnings

Saturday, 13 February 2021
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After being the subject of a Saturday Night Live sketch about lockdown-era millennials fawning over digital home listings, Zillow Group announced record profits for the fourth quarter. So reports Bloomberg. Read more...
Forbearances Decline on Month-End Expirations: Black Knight

Forbearances Decline on Month-End Expirations: Black Knight

Saturday, 06 February 2021
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As expected, forbearance volumes declined this week, driven by January month-end plan expirations. According to Black Knight’s McDash Flash Forbearance Tracker, after two (also expected) consecutive weekly increases, the number of mortgages in active forbearance fell by 45,000, a 1.6% drop this week. Read more...
Bodnar of MMG: What to Take Away from Positively Sloped Charts

Bodnar of MMG: What to Take Away from Positively Sloped Charts

Friday, 05 February 2021
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Rates have ticked up with the 10-year note at 1.15%. This week Bill Bodnar of The Mortgage Market Guide (MMG) discusses some positively sloped charts that are important for you and your clients to follow. Read more...
Fed’s Kaplan Says Stock-Trading Mania Poses No Systemic Risk

Fed’s Kaplan Says Stock-Trading Mania Poses No Systemic Risk

Friday, 05 February 2021
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Dallas Federal Reserve Bank President Robert Kaplan has reassured investors that the recent, Reddit-driven spree of trading in stocks such as GameStop does not currently threaten overall market stability. So reports Reuters. Read more...
Hazy Economic Outlook Leaves Mortgage Rates Adrift

Hazy Economic Outlook Leaves Mortgage Rates Adrift

Friday, 05 February 2021
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Mortgage rates have held steady after a week when the spread of new COVID-19 variants and debate over federal pandemic relief efforts clouded the near-term economic picture. So reports Moneywise. Read more...
BofA Boosts Planned Affordable Housing Spending to $15B

BofA Boosts Planned Affordable Housing Spending to $15B

Friday, 05 February 2021
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Bank of America has tripled its investment commitment on affordable housing, to a total of $15 billion over the next five years. So reports Reuters. Read more...
Las Vegas Tops List of Most Overvalued Housing Markets

Las Vegas Tops List of Most Overvalued Housing Markets

Friday, 05 February 2021
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Las Vegas has the most overvalued housing market of the 20 biggest U.S. metro areas, according to Fitch data as of the fourth quarter of 2020. So reports MarketWatch. Read more...

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