Europe confronts coronavirus with eruption of cases in Italy. The G-20 warns of the coronavirus risk to economic growth, as global stocks fall. Meanwhile in mortgage news …
U.S. mortgage rates inched up for the second week as the market prepares for an increase in inventory. While economic data is strong, concerns over the coronavirus are keeping rates in check.
Wells Fargo will pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses and avoid criminal charges.
One of the nation’s largest reverse mortgage lenders, One Reverse Mortgage, is “pausing” its operations,under the direction of its parent company Quicken Loans. Quicken is shifting all of the company’s employees over to Rocket Mortgage.
A Wall Street Journal editorial takes aim at a plan in the California legislature to address the housing shortage by fining developers whose property sits vacant for more than 90 days.
Home sales in the U.S. slipped from December to January, but last month sales were nearly 10 percent highercompared to January of 2019, the National Association of Realtors says.
New Jersey, Delaware and Illinois top rankings of the worst foreclosure rates, according to new Attom Data Solutions report.
Freddie Mac announced that Mark Grier has been elected to its board of directors. Previously, Grier served as the vice-chairman and a member of the board of directors of Prudential Financial.
UK’s Countrywide and LSL Property Services have confirmed that they are in merger talks, which would create the country’s largest real estate agency.