Forbes, Aug. 28, 2020–Antoine GaraThoma Bravo put up about $2.2 billion of equity to take Ellie Mae private in a leveraged buyout in April 2019, financing the rest of the …
Category: Top National News
Improvement in Coronavirus Mortgage Bailout Stalls, As More Borrowers Struggle to Make Payments
CNBC, Aug 28, 2020–Diana OlickAfter improving markedly in July, the number of borrowers struggling to make their monthly mortgage payments has essentially flatlined and now threatens to move higher.https://www.cnbc.com/2020/08/28/improvement-in-coronavirus-mortgage-bailout-stalls.html
FHFA Extends Fannie, Freddie COVID-Policies Through September
Connect Media CRE, Aug. 28, 2020The Federal Housing Finance Agency (FHFA) has extended Fannie Mae’s and Freddie Mac’s COVID-19-related policies through Sept. 30. “Both the origination flexibilities and the program …
Before the Pandemic, Homeowners of Color Faced Structural Barriers to the Benefits of Homeownership
Urban Institute, Aug. 28, 2020–Michael Neal, Jung Hyun Choi, John WalshThe authors offer four proposals to address persistent discriminatory practices and increase the value of homeownership for homeowners of color.https://www.urban.org/research/publication/pandemic-homeowners-color-faced-structural-barriers-benefits-homeownership
Sight Unseen? Don’t Wear Blinders
UExpress, Aug. 28, 2020–Lew SichelmanMore and more buyers are placing offers on houses they’ve never visited in person — the most on record, according to a new report. And the …
How Many Refinances are You Allowed in a Pandemic?
Orange County Register, Aug. 27, 2020–Jeff Lazersonhere are no legal limitations. But there are a lot of lender fake-outs and roadblocks that might make it harder for you to become …
U.S. Inflation Seen Rising But Still Below Target After Speech by Fed’s Powell
Reuters, Aug. 27, 2020–Kate DuguidInvestors raised their bets on higher U.S. inflation after Federal Reserve Chair Jerome Powell introduced a new strategy to allow the rate to rise above the …
Working From Home Saved American Commuters Nearly $91 Billion
Bloomberg, Aug. 27, 2020–Alexandre TanziAmericans who once drove to work are saving an estimated $758 million a day since the onset of the Covid-19 pandemic, according to a new study …
This Federal Bill Could Help Remove One of the Biggest Obstacles to Homeownership
HousingWire, Aug. 27, 2020–Julia FalconThe bipartisan-sponsored bill, called the American Dream Down Payment Act, would allow states to offer first-time homebuyers a savings account, which comes with a tax benefit …
Mortgage Loans Worth $6.8B At Risk Due To Hurricane Laura
National Mortgage Professional, Aug. 27, 2020–Keith GriffinHurricane Laura, a Category 4 storm when it struck Louisiana, is poised to affect over 28,000 pending mortgage transactions in that state, as well …