HousingWire, May 26, 2020–Logan MohtashamiHousingWire checked on the five metrics it identified as signals for the beginning of the economic recovery.https://www.housingwire.com/articles/is-the-housing-market-already-rebounding-from-covid-19/
Category: Top National News
What Ransomware Attacks on Vendors Mean for Banks
American Banker, May 26, 2020–Penny Crosman (subscription)Cybercriminals have targeted at least four financial services technology companies in recent months, potentially giving hackers back-door access to clients. Here’s how banks can …
Hoyer Says House and Senate Close on PPP Loan Extension
Bloomberg, May 26, 2020–Erik Wasson, Billy HouseHouse Majority Leader Steny Hoyer said the House and Senate should be able to quickly agree on changes to the Small Business Administration’s popular …
The Survival of the Fittest: How a Leading Non-QM Lender is Making It Through the Pandemic
Mortgage Professional America, May 26, 2020–Kasi JohnstonArc Home Loans, best known for being a leader in specialty mortgage solutions and their proprietary non-QM products were forced to pivot their focus …
Where Data Security Liability Ultimately Falls for Lenders
National Mortgage News, May 26, 2020–Paul Centopani (subscription)The shift to remote work seemingly overnight amid the coronavirus outbreak has meant that employees also swung from directly accessing legacy software to …
Q1 House Prices Up 5.7 Percent Over Last Year
National Mortgage Professional, May 26, 2020–Navi PersaudThe latest Federal Housing Finance Agency House Price Index (HPI) revealed that U.S. house prices are up 1.7% in the first quarter and up …
Tax Credit for Keeping Workers on Payrolls Draws Bipartisan Interest
Wall Street Journal, May 26, 2020–Richard Rubin (subscription)As unemployment rises and the first wave of federal economic relief nears expiration, lawmakers are increasingly looking to expand an existing wage subsidy …
This Is How The Spread Of Coronavirus Is Changing The Mortgage Process
Forbes, May 26, 2020–Tara MastreoniIn addition to many lenders moving their services online, in many regions the third-party partners that lenders rely on – the appraisers, the title officers and …
Distressed Real Estate Market Beckons Opportunistic Buyers
New York Times, May 26, 2020–Joe GoseInvestment firms are sitting on “a staggering amount of dry powder” as they wait for big property discounts brought on by the pandemic.https://www.nytimes.com/2020/05/26/business/distressed-commercial-real-esate-coronavirus.html
Capital Levels Are An Issue with Some, Not With Others
The Mortgage Leader, May 26, 2020At MBALive, a remote event put on by the Mortgage Bankers Association, FHFA Director Mark Calabria underscored a point he has made numerous times over …