Politico, June 8, 2020–Zack Colman, Katy O’DonnellViolent storms and sunny-day flooding are on the rise, and more houses are being built on at-risk land. But fewer people are buying federally …
Category: Top National News
Go for Funding ASAP
UExpress, June 5, 2020–Lew SichelmanMany credit reports are riddled with errors — 1 in 5, the Federal Trade Commission found. Your file may contain the wrong name or address, for …
Mortgage Employment Dips, But there are Signs of Resilience
National Mortgage News, June 5, 2020–Bonnie Sinnock (subscription)Nonbank mortgage hiring inched down when overall employment plunged in April. The subsequent recovery in overall jobs suggests the housing-finance industry is still …
Fed Debates Whether to Reinforce Low-Rate Pledge With Yield Caps
Wall Street Journal, June 7, 2020–Nick Timiraos (subscription)Officials are studying Australia’s program to buy government securities in unlimited quantities to peg some yields at low levels.https://www.wsj.com/articles/fed-debates-whether-to-reinforce-low-rate-pledge-with-yield-caps-11591541970?mod=hp_lead_pos10
Mortgage Rates Could Stay Low for Weeks, Months–But There’s a Catch
Detroit Free Press, June 6, 2020–Susan Tomporhe catch, if you will, is that many bargain rates will be available mainly to borrowers with good credit, proof of income and enough …
Five Charts that Track the U.S. Economy Amid Reopening Process
CNBC, June 7, 2020–Hannah MillerRecent boosts in mortgage applications for purchasing single-family homes could be attributed to pent-up demand, according to Joel Kan, associate vice president of Economics and Industry …
Carson Says Issues over Systemic Racism are ‘Very Uncommon Now’
The Hill, June 7, 2020–Rebecca KlarHousing and Urban Development Secretary Ben Carson said Sunday issues over systemic racism are “very uncommon now,” while acknowledging the death of George Floyd in …
COVID-19 May Delay Meaningful GSE Reform
GlobeSt.com, June 5, 2020–Ryan TarinelliThe economic shock triggered by the COVID-19 pandemic has lowered the chance of meaningful GSE reform over the next couple of years, according to Fitch Ratings.https://www.globest.com/2020/06/05/covid-19-may-delay-meaningful-gse-reform/?
Housing in 2020 Had ‘So Much Momentum’
MReport, June 5, 2020Tim Rood from Situs AMC discussed affordability and what the Fed is doing to make sure interest rates remain low during this crisis.https://themreport.com/daily-dose/06-05-2020/housing-in-2020-had-so-much-momentum
Tenants’ Troubles Put Stress on Commercial Real Estate
New York Times, June 5, 2020–Conor Dougherty,Peter EavisAs landlords face rent shortfalls and renegotiation because of the pandemic, lenders are also exposed. Hotels and retail spaces have been hit hardest.https://www.nytimes.com/2020/06/05/business/economy/coronavirus-commercial-real-estate.html