Pew Charitable Trust, Sept. 11, 2020–Alex Horowitz, Tara RocheIn many communities across the U.S., small mortgages—those for less than $150,000—are largely unavailable despite an abundance of homes—and buyers—in that price …
Category: Top National News
The Coming Wave of Defaults
The Hill, Sept. 12, 2020–Richard VagueWith COVID-related income supplements and unemployment benefits now expired or reduced, we face a new wave of mortgage and rental delinquencies, many of which will …
Real Estate Trusts Lag Behind in Race Diversity as Legacy Rules
Bloomberg, Sept. 11, 2020–Yueqi YangPublic real-estate investment companies lag behind members of the broader S&P 500 Index in board-level racial diversity, remaining one of the industries most difficult for African …
The Fall Real Estate Market Is Abnormally Hot As Mortgage Rates Break Records
Forbes, Sept. 11, 2020–Natalie CampisiExperts can’t point to one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Certainly, the Federal …
It Hasn’t Been This Hard to Get a Mortgage in Six Years
HousingWire, Sept. 11, 2020–Kathleen HowleyMortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said.https://www.housingwire.com/articles/it-hasnt-been-this-hard-to-get-a-mortgage-in-six-years/
Purchase Mortgage Business Will Remain Strong, Lenders Say
National Mortgage News, Sept. 11, 2020–Brad Finkelstein (Free content)Mortgage lenders expect consumer demand for both purchase and refinance loans to remain strong over the next three months, driving optimism when …
CMBS Delinquency Rate Down in August, But Ominous Conditions Remain
Asset Securitization Report, Sept. 10, 2020–Brad FinkelsteinFor the first time since the pandemic began, delinquencies among loans included in commercial mortgage-backed securities declined on a month-to-month basis, according to Fitch …
Borrower Distress is Opening Opportunities for Private Mortgage Investing
Orange County Register, Sept. 10, 2020–Jeff LazersonThere are three main routes to investing in mortgages, ranging from becoming a lender to investing in a mortgage fund.https://www.ocregister.com/2020/09/10/borrower-distress-is-opening-opportunities-for-private-mortgage-investing/
Clarifire’s Jane Mason: Tech Opportunities Spring Up From Mass Urban Exodus
HousingWire, Sept. 11, 2020–Leslie CollinsAs the mortgage industry continues to navigate record-low interest rates in the midst of a pandemic, many companies are seeing tech opportunities, and rising up to …
Citi Names Jane Fraser as CEO, The First Woman to Lead a Major US Bank
CNN Business, Sept. 10, 2020–Matt EganCitigroup made history Thursday by naming Jane Fraser as its next CEO. She will become the first woman to lead a major U.S. bank.https://edition.cnn.com/2020/09/10/business/citi-woman-ceo-jane-fraser/index.html