Forbes, June 19, 2020–Aly YaleMortgage rates hit another record-breaking low this week, dropping to a mere 3.13 percent on the average 30-year, fixed-rate loan. That’s the lowest rate recorded since …
Category: Top National News
Commercial, Multifamily Mortgage Delinquencies in U.S. Remained Low in Q1
World Property Journal, June 19, 2020–Michael GerrityAccording to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report, commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of …
Rising Seas Threaten an American Institution: The 30-Year Mortgage
New York Times, June 19, 2020–Christopher FlavelleClimate change is starting to transform the classic home loan, a fixture of the American experience and financial system that dates back generations. “Lenders …
When the All-Clear is Sounded
UExpress, June 19, 2020–Lew SichelmanIt may be too early to forecast exactly what lies ahead for the housing market once COVID-19 passes into the history books. But at this point, …
Even with Mortgage Assistance, 47% of Homeowners Have Considered Selling Their Home Due to the Pandemic
HousingWire, June 18, 2020–Julia FalconBecause of the pandemic, 52% of people said they are routinely concerned about making their mortgage payments and 47% said they have considered selling their home …
A Tidal Wave of Bankruptcies Is Coming
New York Times, June 18, 2020–Mary Williams WalshAnalysts foresee so many filings in the coming months that the courts could struggle to salvage the businesses that are worth saving.https://www.nytimes.com/2020/06/18/business/corporate-bankruptcy-coronavirus.html?campaign_id=2&emc=edit_th_20200619&instance_id=19488&nl=todaysheadlines®i_id=42063674&segment_id=31311&user_id=e670283fb4fff3d4391d6f88569ad498
Kudlow Selects New Top White House Economic Deputy
Bloomberg, June 18, 2020–Justin SinkPresident Donald Trump’s top economic adviser Larry Kudlow has selected Francis Brooke, an aide who formerly oversaw energy policy at the White House, as the new …
The Necessary Evolution of the Mordern Mortgage Originator
HousingWire, June 18, 2020–John Glen StevensMany times, a change occurs that is so disruptive that the world never goes back to the way it was before. We’re seeing such a …
How Has the Pandemic Affected Rent and Mortgage Payments?
New York Times, June 18, 2020–Michael KolomatskyResearch shows that the health crisis has forced more renters and homeowners to make late monthly payments, if they can pay at all.https://www.nytimes.com/2020/06/18/realestate/missed-rent-and-mortgage-payments-coronavirus.html
How to Boost Black Homeownership Rates
Orange County Register, May 18, 2020–Jeff LazersonZero-down mortgages, loan guarantees and approvals based on disposable cash could help African Americans build wealth. (MBA mention)https://www.ocregister.com/2020/06/18/how-to-boost-black-homeownership-rates/