Washington Post, July 29, 2020–Rachel Siegel“On balance it looks like the data are pointing to a slowing in the pace of the recovery,” Federal Reserve Chair Jerome H. Powell said …
Category: Top National News
Is the U.S. Mortgage Industry About to Fall Off a Cliff?
Mortgage Professional America, July 29, 2020–Libby McDonaldForbearance programs permitting temporary suspension of Americans’ monthly mortgage payments have been a godsend to the more than 4 million borrowers who have made …
Investors Move to Replace Majority of CoreLogic’s Board as Takeover Bid Saga Continues
HousingWire, July 29, 2020–Mary Ann AzevedoCoreLogic Chairman Paul Folino said the CoreLogic board continues to believe Senator and Cannae’s proposal “significantly fails to provide appropriate value” to its shareholders and …
5 Mortgage-Related Policies That are in Flux Due to the Coronavirus
National Mortgage News, July 29, 2020–Bonnie Sinnock (subscription)From guidelines for remote appraisal alternatives to the ways that forbearance affects borrowers’ ability to get new loans, here are five examples of …
What Buildings Will Look Like After the Covid Crisis
Wall Street Journal, July 29, 2020–Kate McLaughlin (subscription)Luxury real-estate developers are rethinking living spaces, staircases and even ventilation systems amid the coronavirus pandemic.https://www.wsj.com/articles/what-buildings-will-look-like-after-the-covid-crisis-11596040879?mod=hp_featst_pos4
Purchase Fraud Risk Hits Highest Point in a Year
National Mortgage News, July 29, 2020–Brad Finkelstein (subscription)Even as mortgage loan application defect risk returned to record-low levels in June driven by the refinance boom, fraud risk for purchases is …
Lower Weekly Mortgage Demand Hints at a Possible Pullback by First-Time Homebuyers
CNBC, July 29, 2020–Diana OlickWith mortgage interest rates hovering near a record low, mortgage demand, especially from homebuyers, is now significantly higher than a year ago, but there are warning …
Ex-Fed Economist Says Her Profession Is Racist, Sexist, Elitist
Bloomberg, July 29, 2020–Michelle JamriskoClaudia Sahm, a former senior Federal Reserve economist, levied a broad critique of her profession Wednesday, saying that racism, sexism and elitism have led to toxic …
New Legislation Would Aid Cash-Strapped Commercial Property Owners
Wall Street Journal, July 29, 2020–Ben Eisen (subscription)The bill, expected Wednesday, would set up a government-backed funding vehicle businesses could tap to stay current on their mortgages. It is meant …
Will GOP Plan to Slash Unemployment Trigger Wave of Loan Defaults?
American Banker, July 28, 2020–Neil Haggerty, Hannah Lang (subscription)“It is something we’ve been concerned about,” said Bill Kilmer, senior vice president for legislative and political affairs at the Mortgage Bankers …