Mortgage Roundup (2/11/21) – APR, CRE & Loans

Good morning! Today is Thursday, February 11. The White House is looking at domestic travel restrictions as COVID mutations surge in Florida and California. Japanese Olympic leader Yoshiro Mori will resign after making sexist remarks. A driver survived his truck’s 70-foot plunge off a snowy Wisconsin highway. 

And in mortgage and housing news …

MORTGAGE APPS: Mortgage applications in the United States slipped last week, though remained significantly higher than a year ago, according to a report released by the Mortgage Bankers Association.

LANDLORD OPTIONS: There are options for landlords who have fallen behind in their mortgage and loan payments. 

TRACK APR: Home shoppers should be reminded that lenders’ fees are added to the interest rates borrowers pay, so the annual percentage rate is the true measure of their cost.

COMMISSION TRANSPARENCY: Redfin is now displaying the commission for all listings in all available markets, expects greater transparency will create more competition for consumers.

CRE GROWTH: Commercial and multi-family lending markets are set up for growth in 2021

COMING IN HOT: The 2021 housing market is off to a red-hot start.

NONBANK STOCK: The uneven stock performance from nonbank lenders that have recently gone public has given pause to New Residential Investment, which was considering its own IPO for the New Rez division. 

VACATION MARKETS: How to navigate low inventory and high demand in vacation markets by showing each home at its best.

LOAN TIMELINES: Mortgage lenders on how they’re shrinking loan timelines this spring.

APPRAISALS: What is a home appraisal gap?