The startup is wagering that as widespread pandemic-induced unemployment continues to grow, homeowners will consider tapping into home equity. Source: Inman News
Posts published in “Banking & Lending”
Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending June 2, the first weekly decrease since the CARES Act went into…
Adam Contos discussed managerial strategies in uncertain times, wearing his values on a T-shirt and volatility, uncertainty, complexity and ambiguity. Source: Inman News
The number of mortgage loans in forbearance increased from 7.54 percent of servicers’ portfolio volume. Ginnie Mae held the largest share of loans in forbearance. …
The private sector and government leaders must be on guard as trillions of public dollars wash through the economic system. Source: Inman News
According to Down Payment Resource’s latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April’s record layoffs. Source: Inman News
Real estate businesses collectively won about 3.14 percent of the total funding lawmakers set aside to save small firms during the pandemic. Source: Inman News
Chase Home Lending Chief Marketing Officer Amy Bonitatibus said the change would help Chase better focus on “existing customers.” Source: Inman News