Bloomberg, July 10, 2020–Steven LubbersSecond-quarter results, set for release [this] week, will probably show that the trends that took hold at the start of the year only intensified: surging provisions …
Category: Top National News
As COVID-19 Lingers, Fraudsers Having Continued Success Targeting Borrowers
Mortgage Professional America, July 10, 2020–Clayton JarvisIn remarks to the Senate Judiciary Committee, the assistant director of the FBI’s Criminal Investigative Division described for lawmakers a range of schemes being …
Fewer Tenants Paid July’s Rent
HousingWire, July 10, 2020–Julia FalconAccording to RealPage and the National Multifamily Housing Council‘s research, 77.4% of renters living in professionally-managed apartments in the U.S. made their rent payment as of …
As Mortgage Woes Return, Lessons from Last Crisis Come to Light
National Mortgage News, July 10, 2020–Kevin Wack (subscription)A subprime-related settlement between the government and Deutsche Bank provided meaningful benefits to some U.S. consumers in need, according to a new report. …
For Pensions, Valuing Real Estate Is Tough. Covid-19 Brings New Hurdles
Wall Street Journal, July 10, 2020–Heather Gillers, Dawn Lim (subscription)Public pension funds invested in malls, apartments and offices over the last decade in search of higher returns. Now they are …
These Housing Markets Are Most At Risk For A Coronavirus-Driven Downturn
Forbes, July 10, 2020–Natalie Campisi“Looking at the mix of loans that are exiting forbearance, we are seeing a higher share exiting into deferral options and modifications, and somewhat fewer simply …
COVID Housing Update: Forbearance Options Going Forward
UExpress, July 10, 2020–Lew SichelmanNo one knows exactly how many borrowers will find themselves in deep trouble when their government-mandated forbearance plans end Aug. 31. But it’s likely to be …
Mortgage Credit Availability Fell Over 30% in Four Months: MBA
National Mortgage News, July 9, 2020–Paul Centopani (subscription)Mortgage credit availability continued its decline in June, tightening to the lowest level since April 2014, according to the Mortgage Bankers Association.https://www.nationalmortgagenews.com/news/mortgage-credit-availability-fell-over-30-in-four-months-mba
How the Coronavirus Slashed Mortgage Lead Prices and Why It Matters
National Mortgage News, July 9, 2020–Bonnie Sinnock (subscription)Certain types of purchase leads could come in handy down the road. While refinancing interest is high now, the Mortgage Bankers Association’s forecast …
Supreme Court to Hear Case on Government Seizure of Fannie, Freddie Profits
Wall Street Journal, July 9, 2020–Brent Kendall, Andrew AckermanThe Supreme Court on Thursday said it would wade into a yearslong dispute involving the federal takeover of Fannie Mae and Freddie …