CNBC, Aug. 19, 2020–Diana OlickAkili Akridge had all the right stats: a steady six-figure salary, an 800 FICO credit score, and 20% equity in a home. He experienced firsthand the …
Category: Top National News
Weekly Mortgage Refinances Fall as Interest Rates Suddenly Turn Higher
CNBC, Aug. 19, 2020–Diana OlickMortgage application volume down 3.3% from the previous week, the Mortgage Bankers Association reported. Mortgage applications to purchase a home increased just 1% for the week …
Struggling Businesses Push Commercial Real Estate Into the Red
Fox13 (Tampa), Aug. 19, 2020–Briona ArradondoNearly one in four hotel owners have fallen behind on paying their debts since COVID-19 reached pandemic levels. Now, commercial real estate owners and managers …
Here Are 2020’s Hottest Housing Markets According to ZIP Code
HousingWire, Aug. 18, 2020–Julia FalconCompared to last year, the housing market this year has seen some big changes. Notably, people are moving inland from the large cities as the pandemic …
Empire State Building Reflects New York’s Deepening Real-Estate Woes
Wall Street Journal, Aug. 18, 2020–Konrad PutzierThe iconic New York City tower looks vulnerable to losing tenants as companies embrace remote work or cheaper offices outside city centers. (subscription)https://www.wsj.com/articles/empire-state-building-reflects-new-yorks-deepening-real-estate-woes-11597752001
Loans For 1st-Time Homebuyers See Record Delinquencies
NPR, Aug. 18, 2020–Chris ArnoldFHA mortgages are a path to homeownership for many lower-income, minority and first-time homebuyers. But many are clearly in financial trouble. The Mortgage Bankers Association says …
Across American Cities, Evictions are Down
Bloomberg, Aug. 18, 2020–Kriston CappsBelow-average evictions during the pandemic suggest a housing crisis might look different than a projected “tsunami.”https://www.bloomberg.com/news/articles/2020-08-18/u-s-evictions-are-down-during-the-coronavirus-pandemic?srnd=premium
Opendoor Resumes iBuying in All of Its Markets
HousingWire, Aug. 18, 2020–Julia FalconOpendoor has resumed operations in all 21 of its markets as of Tuesday. The iBuyer first paused its acquisitions in March as a result of COVID-19, …
Mortgage Industry in for More Surprises
Wall Street Journal, Aug. 18, 2020–Telis Demos (subscription)Fannie Mae’s and Freddie Mac’s new fee has roiled the mortgage industry. It could be just a taste of what is to come …
Six Facts You Should Know about Current Mortgage Forbearances
Urban Institue, Aug. 18, 2020–Jung Hyun Choi, Daniel PangTimely data on forbearance since the pandemic began, provided by the Mortgage Bankers Association, Black Knight and the US Census Bureau, reveal …