Forbes, July 28, 2020–Natalie CampisiBy adjusting its monetary policy, the Fed’s response to the coronavirus pandemic has helped keep the home mortgage market revving. (MBA mention)https://www.forbes.com/sites/advisor/2020/07/28/fed-policy-has-kept-mortgage-rates-low-its-also-driving-up-home-prices/#b56e5bf49c42
Category: Top National News
Loans in Forbearance Fall for the Sixth Straight Week
HousingWire, July 28, 2020–Alex RohaThe total number of loans in forbearance fell for the sixth week in a row to 7.74% of servicers’ portfolio volume, according to a report by …
Commercial Real Estate in ‘Coronavirus Shock,’ Analysts Say
The Media Line, July 28, 2020–Maya MargitThe face of commercial real estate around the globe is in a state of “coronavirus shock” that could bring about radical changes, analysts are …
Fed Extends Several Emergency Lending Programs to End of Year From Sept. 30
MarketWatch, July 28, 2020–Gregg RobbThe Federal Reserve on Tuesday said its board of governors had decided to extend several emergency loan programs until the end of the year. The programs …
Mortgage and Real Estate Trends to Watch for the Rest of 2020
MarketWatch, July 28, 2020–Holden LewisRates will probably go even lower, but don’t expect to find many homes on the market. (MBA mention)https://www.marketwatch.com/story/mortgage-and-real-estate-trends-to-watch-for-in-the-rest-of-2020-2020-07-27
Republican Stimulus Package May Come With a Benefit for Big Banks
New York Times, July 28, 2020–Jeanna Smialek, Emily Flitter, Peter EavisThe chairman of the Senate Banking Committee, Sen. Mike Crapo, R-Idaho, is preparing to relax capital requirements imposed in the …
Senate Republicans Ready Release of COVID Proposal
Politico, July 27, 2020–Marianne Levine, John Bresnahan, Sarah FerrisThe White House-backed Senate GOP proposal is expected to reduce boosted unemployment benefits from $600 to $200.https://www.politico.com/news/2020/07/27/senate-gop-coronavirus-relief-package-382502
Reducing the Amount of Federal Unemployment Insurance Would Increase Rent Burden for Millions of Households
Urban Institute, July 27, 2020–Aaron Shroyer, Sara StrochakThe study estimate in the absence of any federal weekly supplement to state unemployment insurance, 4.1 million (68 percent) of the 6 million …
Black Knight to Acquire Optimal Blue in $1.8B Deal to Boost Origination Offerings
HousingWire, July 27, 2020–Mary Ann AzevedoBlack Knight said it plans to combine its Compass Analytics business with Optimal Blue to form a new entity with minority co-investors Cannae Holdings Inc. …
Home-Buying Power Index Offers Promising Signs for Housing Market
National Mortgage News, July 27, 2020–Paul Centopani (subscription)Tight inventory is expected to drive home prices higher over the summer, according to First American.https://www.nationalmortgagenews.com/news/home-buying-power-index-offers-promising-signs-for-housing-market