Summary List Placement As the pandemic plunged America’s economy into turmoil last March, Jerome Powell, the Federal Reserve chairman, rushed to prop it back up with a series of programs. A policy that the Fed pioneered during the 2008 Great Recession known as quantitative easing, in which the country essentially buys its own debt, worked by making […]
WASHINGTON — Today, the U.S. Department of Education’s Office for Civil Rights (OCR) released its Annual Report to the Secretary, the President, and the Congress for fiscal year 2020. The Annual Report summarizes enforcement achievements and policy priorities for FY 2020 and highlights the significant progress made over the course of the past four years of the Trump […]
United Wholesale Mortgage (UWM) unveiled a new policy this week, telling brokers that appraisals will be completed within 10 business days or they’ll refund 50% of the appraisal cost back to the customer. The initiative, called “Appraisal Promise,” drops just a week before the wholesale lender’s Wall Street debut on Jan. 22. UWM is merging […]
Summary List Placement Achieving herd immunity and bringing the coronavirus in check won’t resolve all of the pandemic’s economic damage, Carmen Reinhart, chief economist at the World Bank, said Tuesday. What began as a health crisis is creating “your classic balance sheet problems” and risks plunging the world into a dire financial crisis, Reinhart said […]
It took a few years, but Victor Ciardelli has finally captured the one that got away. The founder and CEO of Guaranteed Rate, which originated $73 billion in mortgages last year, has made joint ventures and acquisitions a cornerstone of his growing business. In 2017, Guaranteed Rate struck a deal with the largest real estate brokerage […]
Mortgage applications jumped 16.7% after a 4.2% drop last week, according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decrease in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming administration, per MBA Associate Vice President of Economic and Industry Forecasting Joel Kan. “Booming refinance […]
Summary List Placement LinkedIn identified the top five hard skills employers are looking for in 2021, such as data analysis and project management. Through January 31, the platform is offering free classes to learn those skills — no LinkedIn Learning signup required. Also included are general career development courses, from preparing for job interviews […]
Summary List Placement Senate Democrats are beginning to lay out their legislative agenda for the year as the party barrels toward a second impeachment of President Donald Trump in the final days of his term. “The nation is facing unprecedented challenges: the greatest economic crisis in seventy-five years, the greatest public health crisis in a […]
WASHINGTON — The U.S. Department of Education announced today a new update to College Scorecardthat delivers on the Administration’s promise to make higher education more transparent and accountable. College Scorecard now provides prospective students with information on how well borrowers from individual colleges and universities are progressing in repaying their federal student loans, as well as […]
Appraisal software company Reggora today announced the completion of a $30 million Series B funding round, led by returning investor Spark Capital. Other investors included Shine Capital, Greenpoint Partners, Boston Seed and 1984. The company snagged $10 million in a February Series A funding round, bringing the company’s total capital to $45 billion. The company […]
Summary List Placement US job openings dipped in November as businesses continued to hire workers amid the worsening coronavirus pandemic. Openings dropped by 105,000 to about 6.5 million through November, according to Job Openings and Labor Turnover Survey, or JOLTS, data published Tuesday. The reading met the 6.5 million openings forecasted by economists surveyed by […]
Summary List Placement A popular gauge of small-business confidence in the US sank to a seven-month low in December as stricter lockdown measures and climbing daily case counts cut into economic activity. The National Federation of Independent Businesses’ index of small-business optimism fell 5.5 points last month to 95.9, according to a Tuesday release. The […]
New England Patriots coach Bill Belichick announced Monday night that he will not accept the Presidential Medal of Freedom, saying “remaining true to the people, team and country I love outweigh the benefits of any individual award.” In a one-paragraph statement, the six-time Super Bowl-winning coach did not say explicitly that he had turned down […]
The moment has finally arrived: California-based lender loanDepot has filed an updated S-1 with the Securities and Exchanges Commission and plans to go public in 2021. The company, founded by billionaire entrepreneur Anthony Hsieh, said Monday that its affiliate loanDepot Inc. had confidentially filed paperwork, but it hasn’t determined how much stock will be sold […]
Summary List Placement Codecademy offers basic online coding, computer science, data science, and web development classes for free. To get a certificate of completion and unlimited access, you have to be a Pro or Pro Student member. From January 11-22, Codecademy is offering 21% off all annual memberships, making standard Pro memberships only $189.51 […]
Thousands of girls in Canada have been married before turning 18, researchers said Monday, warning that a rise in unofficial child marriages could make the practice harder to prevent and call into question the country’s global leadership. More than 3,600 marriage certificates were issued to girls younger than 18 in Canada between 2000 and 2018, […]
The U.S. forbearance rate fell seven basis points last week to 5.46% of servicer’s portfolio volume, according to a survey from the Mortgage Bankers Association on Monday. As of last week’s data set, forbearance portfolio share is now below numbers Black Knight reported in mid-April of 2020. Every investor class managed to see a decline in rate, […]
Rocket Homes Real Estate, a real estate affiliate of Rocket Companies, is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials. Syndicated columnist Lew Sichelman reported Sunday that Dmitry […]
In Japan, an annual Shinto ritual of soul purification this year included prayers for an end to the COVID-19 pandemic. Social distancing guidelines forced a much smaller gathering than in previous years, but as VOA’s Arash Arabasadi reports, believers still turned out – and stripped down – for the annual observance. Produced by: Arash Arabasadi […]
Summary List Placement There are seemingly endless apps to help improve your life, but sometimes they can make you more stressed out or glued to your phone. Below are six apps — from a cute reminder to drink water to a highly customizable yoga class — that are easy to use and can help […]
Even with total credit risk transfers (CRT) and non-QM lending trending down due to seasonality, some observers are predicting a strong beginning to 2021. Officials with dvo1, a lending markets analytics company, remain encouraged by low levels of new impairments, which reached pre-pandemic levels in both CRT and non-QM. Vadim Verkhoglyad, dv01 vice president and […]
Vice President-elect Kamala Harris has landed on the cover of the February issue of Vogue magazine, but her team says there’s a problem: the shot of the country’s soon-to-be No. 2 leader isn’t what both sides had agreed upon. Instead of the powder blue power suit Harris wore for her cover shoot, the […]
Summary List Placement Lori Jay spent the past four years working as a rideshare driver in Maui. The 66-year-old was part of the gig economy, relying on a steady stream of tourists for her income. “We used to joke kiddingly to each other, everybody here, ‘What happens when the ships stop coming?’” Jay told Insider. […]
Summary List Placement The US posted a surprise decline in payrolls in December and all of the 140,000 jobs lost were held by women, according to data. Analysts had expected an uptick in employment in December but instead American businesses shed 140,000 nonfarm payroll. The country’s unemployment rate stayed steady at 6.7%, according to data […]
Summary List Placement The pandemic can be isolating for many reasons, and relying on video chats to stay connected can get monotonous when you feel like life’s stayed the same. Below are ways to connect with friends or meet new people remotely, from comedy workshops and book clubs to workouts and cooking classes. Read […]
This is the fifth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions for our HW+ members. Every Tuesday in December, HousingWire interviewed a top economist in the HW+ Slack channel. In each Q&A, we attempt to bring clarity to the top questions around housing supply shortages […]
Summary List Placement Investing my own money always seemed intimidating, even with advisors, because I couldn’t understand the jargon. Below are 8 books I read to help me understand things like index funds, dividends, and how the stock market works, helping me save around $10,000 through investing without an advisor. Read more: 10 online […]
Correspondent and wholesale lender Homepoint is the latest mortgage company to aim for an IPO. The Ann Arbor, Michigan-based lender filed an S-1 with the Securities and Exchanges Commission on Friday afternoon. The company indicated in the S-1 that its price offering was $100 million, generally a placeholder for a larger offering. In its S-1, […]
Summary List Placement The job market is always shifting, but soft skills like emotional intelligence, adaptability, and creativity translate to every career. LinkedIn used billions of data points from its 660+ million members to determine which hard and soft skills matter most to employers in 2020, and which ones are helping LinkedIn members get […]
Summary List Placement The United States lost 140,000 jobs in December. The Bureau of Labor Statistics reported the surprising dip in nonfarm payroll jobs on Friday. As Insider’s Ben Winck reported, economists had actually anticipated that 50,000 jobs would be added. It’s the first decline in a jobs report since April, showing how the recovery […]
For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. As we think about coming out of this first month of the year, we’ve […]
Secretary DeVos announced that more than $4 billion in additional COVID-19 emergency relief is now available to governors to ensure learning continues for students of all ages and at all schools. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
Summary List Placement As the pandemic continues, many people can feel deeply isolated or worried about the future. Education can be a powerful tool in mental health management, and online platforms like Coursera, Skillshare, LinkedIn Learning, and FutureLearn contain affordable courses that can help you feel better. The 12 courses outlined below hone in […]
Months after taking over management of broker LOS platform ARIVE, mortgage software startup LendWize has finalized a deal to take complete ownership of the origination platform. LendWize took over management of the platform in early 2020 and integrated ARIVE’s software into its own technology stack. It launched a revised version of the ARIVE platform in […]
Summary List Placement Cover letters are crucial to getting noticed as a job applicant, but the process of writing a strong one can be mystifying and frustrating. Below are five classes to help you craft a cover letter that stands out (while also using keywords and formatting to help it get through screening software). […]
Summary List Placement The US economy saw a surprise decline in payrolls in December as stricter COVID-19 lockdown measures extended the nation’s unemployment crisis into the new year. American businesses shed 140,000 nonfarm payrolls last month, the Bureau of Labor Statistics said Friday. The reading defies consensus economist estimates that foresaw 50,000 job additions, according […]
After three consecutive weeks of increases, the number of mortgage loans in active forbearance fell by 92,000 the first week of 2021, according to a Friday report from Black Knight. This was a 3% drop and the greatest week-over-week decline since early November, largely driven by quarterly forbearance plans reaching their expiration. Black Knight now estimates […]
Summary List Placement Taxpayers will foot the bill for damage caused to the US Capitol from Wednesday’s violent mob attack because the site isn’t covered by insurance, industry sources told Reuters. It’s unknown how much it cost to clean and repair damage to the building in Washington, DC, which was vandalized during the attack after […]
Summary List Placement Does it feel like a dollar buys less than it used to? You’re not imagining things. “It’s inflation,” people sigh. You probably have a rough idea of what inflation means. The cost of things is going up. But what is inflation really, what causes it, and how does it affect your finances? […]
2021 was supposed to be different. In the first days of the New Year, we have been dealing with a new strain of COVID, vaccinations aren’t going as planned and the political drama is hotter than ever. It was starting to seem like 2020 all over again. But it is different. On Jan. 5 the […]
Summary List Placement A top gauge of the US service sector unexpectedly improved in December as the holiday season brought an influx of new orders and boosted business activity. The Institute for Supply Management’s services index climbed to 57.2 from 55.9 last month, according to a Thursday press release. The reading is the highest since […]
The average U.S. mortgage rate for a 30-year fixed loan fell two basis points this week to 2.65% – the lowest rate in the Freddie Mac’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. 24. With this week’s record drop, there have now been 22 consecutive weeks when average mortgage […]
Summary List Placement The number of Americans filing for unemployment insurance dipped slightly last week as the coronavirus’s economic fallout dragged the unemployment crisis into the new year. New US jobless claims totaled an unadjusted 787,000 for the week that ended Saturday, the Labor Department said Thursday. Economists surveyed by Bloomberg expected 800,000 claims. The […]
Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor. With the integration, Blend will have access to the companies Dual […]
To generate buzz for its upcoming independent public offering, United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months. “We’re going to celebrate this exciting time by kickstarting 2021 with 61 basis points for the next 61 days on all of our conventional W2 […]