New York Times, Aug. 27, 2020–Michael KolomatskyNearly six months into the pandemic, the share of American homeowners and renters who have missed or been late with their monthly housing payments …
Category: Top National News
Mortgage Demand From Homebuyers Spikes 33% Annually, Signaling No End to Summer Spree
CNBC, Aug. 26, 2020–Diana OlickMortgage applications to purchase a home rose just 0.4% last week from the previous week but were a remarkable 33% higher than a year ago, according …
The Current and Future State of the U.S. Mortgage Industry
BBVA podcast, Aug. 27, 2020–Alejandro Ortiz, Murat KalkanThe mortgage scene can be a complex one. During normal times, consumers find themselves with a lot of questions that need to be …
Millennials Help Power This Year’s Housing-Market Rebound
Wall Street Journal, Aug. 27, 2020–Nicole Friedman (subscritption)Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the …
California Has a Housing Crisis. A Bill Would Allow a Duplex on Most Single-Family Parcels
Los Angeles Times, Aug. 26, 2020–Andrew KhouriThe California Assembly is considering a bill that would require local governments to permit duplexes on parcels now largely restricted to one house, in …
States Entice Fintechs by Giving Them Freedom to Experiment
American Banker, Aug. 26, 2020–Miriam Cross (subscription)Florida and West Virginia recently joined four other states in setting up regulatory sandboxes that allow startups to test products with consumers without obtaining …
Meadows Predicts No Stimulus Bill Until End of September
Bloomberg, Aug. 26, 2020–Erik Wasson, Justin SinkWhite House Chief of Staff Mark Meadows predicted there will be no stimulus deal with Congress until the end of September. “If we got …
Hurricane Laura Puts 432K Homes Worth $88 Billion at Risk
National Mortgage News, Aug. 26, 2020–Paul Centopani (subscription)Damage from Hurricane Laura’s surge could potentially devastate 432,810 residential properties totaling over $88.6 billion in reconstruction cost value across Texas and Louisiana, …
Commercial Mortgage Debt in Distress Surges 320%, Moody’s Says
Bloomberg, Aug. 26, 2020–John GittelsohnMore than $54.3 billion in U.S. commercial mortgage backed securities have been transfered to loan workout specialists mostly because of payment delinquencies, a 320% increase since …
Fannie Mae, Freddie Mac Will Delay Controversial Refinance Fee
MarketWatch, Aug. 26, 2020–Jacob PassyThe Federal Housing Finance Agency has instructed Fannie Mae and Freddie Mac to hold off on the implementation of a new fee that is aimed at …