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, …
Category: Top National News
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 …
Retail Landlords Offer Pandemic Clauses in New Leases
Wall Street Journal, Aug. 25, 2020–Esther Fung (subscription) Retail landlords are including pandemic language in new leases, a previously rare feature as tenants seek protection after the first government-mandated coronavirus …
There are Now 4 Providers with MISMO RON Compliance Certification
HousingWire, Aug. 24, 2020–Alex Roha Originally introduced in April, the MISMO RON compliance certification was designed to assure RON tech providers meet a universal set of standards including credential analysis, …
Federal Housing Assistance Falls Short of Meeting COVID-19 Needs
Philadelphia Tribune, Aug. 24, 2020–Charlene Crowell As the nation’s double dose of health and economic crises continue, many consumers believe that federal assistance to make ends meet has virtually disappeared. …
How Much Longer Until the U.S. Economy is Back to Normal?…
Channel 3000, Aug. 24, 2020 The U.S. economy remains far from normal. That’s the bottom line. Based on the Back-to-Normal Index, the U.S. economy was operating at only 78% of …
When Not Foreclosing Causes More Damage to Neighborhoods
National Mortgage News, Aug. 21, 2020–Daren Blomquist (subscription)The author, with Auction.com, says while allowing vacant or abandoned properties to continue through the foreclosure process is one coronavirus crisis housing policy …
Real Estate Investors Skip Paying Loans While Raising Millions
Bloomberg, Aug. 24, 2020–John GittelsohnSome of the largest real estate investors are walking away from debt on bad property deals, even as they raise billions of dollars for new opportunities …