May 5, 2021

By Frank Pellegrini

The real estate market is very active so you might not have the time to keep up with industry news.  We are here to help.  We’ve compiled six current industry stories we think you’ll find worth reading in our newest edition of News Digest

Hispanic homeownership surged in 2020 from

Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals.

Americans’ Sky-high Savings to Make Spring Market Even Hotter from National Association of Realtors

Many American households are feeling richer, sitting on the nest egg they’ve built during the pandemic. Those savings may be released into the economy in new spending this spring and summer, which will bode well for the already surging housing market.

Independent Mortgage Banks: Financing the American Dream from Mortgage Brokers Association

Read the new Mortgage Bankers fact sheet that details how Independent Mortgage Banks (IMBs) play a crucial role in serving the single-family mortgage market.

FHFA Releases new Refi Option for Low-Income Borrowers from

Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by Fannie Mae and Freddie Mac.

Pending Home Sales Grow 1.9% in March from National Association of Realtors

At the end of April NAR announced that pending home sales increased in March, snapping two consecutive months of declines.

Is the US headed toward a new housing bubble? from The Hill

The staggering rise of U.S. home prices is forcing thousands of aspiring buyers into often risky bidding wars, raising questions about whether the torrid housing market is in a bubble.