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 …
Category: Top National News
Manhattan Real Estate Market Stronger Now Than During The Great Recession, But Future Is Uncertain
Forbes, Aug. 25, 2020–Lisa ChamoffThe Manhattan real estate market is currently in better shape now than it was during the peak of the Great Recession, according to a recent analysis …
Major Real Estate Website Now Shows Flood Risk. Should They All?
NPR, Aug. 26, 2020–Rebecca Hersher, Lauren SommerRealtor.com has become the first site to disclose information about a home’s flood risk, and how climate change could increase that risk in the …
Hurricane Laura Takes Aim at Gulf Coast
CBS News/Associated Press, Aug. 25, 2020Laura became a hurricane Tuesday after moving into the Gulf of Mexico, gathering strength on a path to hit the U.S. coast as a major …
FDIC’s Quarterly Report Shows Extent of Pandemic’s Hit to Bank Profits
American Banker, Aug. 25, 2020–Brendan Pedersen (subscription)The $18.8 billion in net income was 70% less than a year earlier as the uncertain economic picture and new accounting rules drove a …
Most Buyers Would Break Their Budget for a Dream Home–Study
Mortgage Professional America, Aug. 25, 2020–Ryan SmithDespite the economic turmoil wrought by COVID-19, nearly two thirds of home buyers are willing to go over budget for their dream home, according …
80% of Economists See a Chance of a Double-Dip Recession
HousingWire, Aug. 24, 2020–Kathleen HowleyNearly 80% of economists say there’s at least a one-in-four chance of a double-dip recession, following a record 32.9% plunge in GDP in the second quarter, …
Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This?
Wall Street Journal, Apr. 25, 2020–Orla McCaffrey (subscription)New forms are showing up in some borrowers’ paperwork when they close on their home loan. Lenders are asking them to confirm that …
Just How Strong is the Housing Recovery?
WKRC-TV (Cincinnati, Ohio), Aug. 25, 2020The residential real estate market has definitely been the shining light in this country’s current economic situation. (MBA mention)https://local12.com/sponsored/just-how-strong-is-the-housing-recovery-prime-lending-cincinnati-purchase-mortgages-pending-contracts-pandemic
Mortgage Insurer MGIC Is a Cheap Housing Play
Wall Street Journal, Aug. 25, 2020–Telis DemosThe home-lending business is in for a wild ride this year. Mortgage insurers such as MGIC Investment Corp. may offer a surprising place to …