National Mortgage News, June 8, 2020–Hannah Lang (subscription)Housing experts are increasingly concerned that the Federal Housing Finance Agency’s new proposal to require ample amounts of more capital for Fannie Mae …
Category: Top National News
Cleveland Is a House-Flipping Hot Spot, and Covid Adds Fuel
Wall Street Journal, June 8, 2020–Ryan Dezember (subscription)The pandemic has stoked demand among investors, who were already buying more than one of every 10 homes sold in the U.S. They …
Freddie Mac And Fannie Mae To Leave Government Scrutiny: What Can Mortgage Borrowers Expect
Forbes, June 8, 2020–Dima Williams“[First-time homebuyers] are a segment of the market that US policy has always wanted to help,” says Michael Fratantoni, chief economist at the Mortgage Bankers Association. …
No, the Jobs Report Wasn’t Rigged. Here’s What Happened
New York Times, June 8, 2020–Ben CasselmanWhen the Labor Department reported on Friday that employers had added jobs in May and that the unemployment rate had unexpectedly fallen, economists were …
Shutdowns Prevented 60 Million Coronavirus Infections in the U.S. Study Says
Washington Post, June 8, 2020–Joel Achenbach, Laura MecklerShutdown orders prevented about 60 million novel coronavirus infections in the United States and 285 million in China, according to a research study …
Trump Open to Another Coronavirus Relief Package: White House
Reuters, June 8, 2020–Steve HollandPresident Donald Trump is open to another economic relief package in response to the coronavirus pandemic and remains in favor of a payroll tax holiday, White …
How Minority Homeownership Can Help in the Fight Against Systemic Racism in America
Mortgage Professional America, June 8, 2020–Clayton JarvisConcerned mortgage professionals should already have a target in their sights: a black homeownership rate that is no better today than it was before …
Potential Homebuyers are Going to Face Historically Low Inventory this Summer
HousingWire, June 8, 2020–Julia FalconNow, with more homebuyers coming into the market and fewer houses to choose from, competition is already fierce in many markets, including San Diego, Austin and …
Home Price Outlook Turns Negative for First Time Since 2012: Zillow
National Mortgage News, June 8, 2020–Paul Centopani (subscription)With the impacts of the coronavirus in full bore, housing market experts predict home prices to fall in 2020.https://www.nationalmortgagenews.com/news/home-price-outlook-turns-negative-for-first-time-since-2012-zillow
Recession in U.S. Began in February, Official Arbiter Says
Wall Street Journal, June 8, 2020–Kate Davidson (subscription)Monthly economic activity “reached a clear peak” in February, marking the end of the 128-month expansion that began in June 2009, said the …