Spending on construction projects has continued to climb in the US as the COVID-driven housing boom continues into 2021. A report from the US Commerce Department released Monday showed strong demand and ultra-low mortgage rates pushed US construction spending up by 0.9% to an annual rate of $1.459 trillion in November. The increase followed a…
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Could 2021 be the year of consolidation in mortgage lending?
The record year of volume enjoyed by the whole of the mortgage industry may have fundamentally changed the mortgage landscape. On top of record profitability and huge revenues enjoyed thanks to the current low-rate environment, lenders have built huge cash reserves and many have accessed public capital through wildly popular IPOs and SPAC offerings. The…
What Is a Mortgage? Everything to Know About Home Loans – Credible News
What Is a Mortgage? Everything to Know About Home Loans Credible News
Video: Money Minute: Dispelling myths about VA home loans – DefenseNews.com
Video: Money Minute: Dispelling myths about VA home loans DefenseNews.com
How can originators avoid legal pitfalls this year?
With one high-volume year in the books, mortgage pros are staring down a very busy 2021. That means a lot of calls, a lot of meetings, and a lot of paperwork as you try to secure loans for clients in an increasingly competitive purchase market. That volume and rush, however, can have some compliance consequences…
Wall Street home loans aren’t looking great in this crisis – MarketWatch
Wall Street home loans aren’t looking great in this crisis MarketWatch
SoFi announces $8.65 billion IPO plan with SPAC Social Capital Hedosophia
Online lender Social Finance (SoFi) has announced plans to go public through an $8.65 billion merger deal with Social Capital Hedosophia (SCH), a special purpose acquisition company (SPAC) headed by venture capital investor Chamath Palihapitiya. The transaction values SoFi at approximately $6 billion and is expected to provide up to $2.4 billion in cash proceeds.…
What are the different types of mortgage loans available? – Fox Business
What are the different types of mortgage loans available? Fox Business