Wall Street Journal, July 30, 2020–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell said the central bank was deeply committed to fostering a diverse and inclusive work environment after a former …
Category: Top National News
Self-Employed Landlords Battle Harder for Home-Loan Approvals
Orange County Register, July 30, 2020–Jeff LazersonWhy are mortgage loan originators, loan processors and underwriters digging deeper than normal, demanding more documentation, especially from self-employed borrowers and landlords? Catastrophic economic …
Industry Urges More Rent Relief to Avoid ‘Domino Effect’
Multi-Housing News, July 30, 2020–Holly DuttonDays after the federal eviction moratorium and expanded unemployment insurance expired, the multifamily industry and housing advocates are worried about what happens next for renters …
Race for COVID-19 Vaccine Boosts Real Estate in Life Sciences Hubs
GlobeSt.com, July 30, 2020 –Nate RobsonHubs across the nation are looking to use real estate to boost productivity as the growth of the global prescription drug market is expected to …
Freedom Mortgage to Add 3,000 New Employees
Mortgage Professional America, July 30, 2020–Candyd MendozaFreedom Mortgage announced plans to hire 3,000 mortgage professionals and support staff over the next six months.https://www.mpamag.com/news/freedom-mortgage-to-add-3000-new-employees-229296.aspx
Mortgage Rates Fall Below 3 Percent Again
Washington Post, July 30, 2020–Kathy OrtonMortgage rates didn’t move much this week but they went down enough to cross a significant marker. (MBA mention)https://www.washingtonpost.com/business/2020/07/30/mortgage-rates-fall-below-3-percent-again/
Is Covid-19 Stress Hitting First-Time Home Buyers? Mortgage Applications Tick Down Week-Over-Week
Barrons, July 29, 2020–Shaina MishkinThe Mortgage Bankers Association reported that while demand remains elevated compared to last year, the volume of applications dipped week over week, falling 2% on an …
Mortgage Rates Just Fell to Another Record Low, And Experts Think They’ll Fall Even More
BankRate.com, July 29, 2020–Jeff OstrowskiHow low can they go? Mortgage rates fell to a new record low in Bankrate’s weekly survey, which has been conducted each week for more than …
Real Estate’s Biggest Industry Lobbyists Tell Us What Will Be In The Next Stimulus Bill
Bisnow, July 29, 2020MBA President and CEO Bob Broeksmit, CMB, joined Walker & Dunlop Chairman and CEO Willy Walker and other real estate association CEOs to discuss the next $1 …
Trump Boasts of Pushing Low-Income Housing Out of Suburbs
Politico, July 29, 2020–Matthew ChoiIn a set of tweets and in remarks in Texas on Wednesday, Trump bragged about his administration’s rescinding an Obama-era fair housing rule that was meant …