HousingWire, May 22, 2020–Julia FalconSpring has historically been dubbed “homebuying season,” but as the last few months have been shut down due to the COVID-19 pandemic, is summer the next …
Category: Top National News
Hardships Rise, Delinquencies Fall as CARES Act Changes Credit Reports
National Mortgage News, May 22, 2020–Bonnie Sinnock (subscription)In the mortgage market, hardships were indicated in various ways on 5% of accounts in April, up from less than half of a …
Jobless Rate Rose in All 50 States in April, Labor Department Says
Wall Street Journal, May 22, 2020–Eric Morath, Kim Mackrael (subscription)Nevada registered the highest unemployment rate in the U.S. last month at 28.2%, the Labor Department said Friday in a report …
Mortgage Companies Top List for COVID-Related Complaints, Says CFPB
Mortgage Professional America, May 22, 2020–Ryan SmithMortgage companies top the list for COVID-19-related consumer complaints, according to new data from the Consumer Financial Protection Bureau.https://www.mpamag.com/news/mortgage-companies-top-list-for-covidrelated-complaints-says-cfpb-223071.aspx
Commercial/Multifamily Borrowing Declines Two Percent in the First Quarter of 2020
Commercial Property Executive, May 22, 2020–Jamie WoodwellMBA Vice President of Commercial/Multifamily Research breaks down first quarter CMF markets and issues a cautionary outlook.https://www.cpexecutive.com/post/commercial-multifamily-borrowing-declines-two-percent-in-the-first-quarter-of-2020/
Homeowners Stopped Paying Mortgages in Record Numbers in April
Washington Post, May 22, 2020–Kathy OrtonThe number of borrowers who stopped paying their home loans spiked by 1.6 million last month, reported real estate data and analytics company Black Knight.https://www.washingtonpost.com/business/2020/05/22/mortgage-delinquencies-april/
Healthy Homes Taking Center Stage
UExpress, May 22, 2020–Lew SichelmanFor all the personal and financial damage the coronavirus pandemic has caused, it has also given new impetus to what had been a slow-moving trend toward …
States Title Raises $123 Million to Digitize Real Estate Closings
HousingWire, May 21, 2020–Ben LaneStates Title, which has quickly grown into one of the nation’s largest title insurance and settlement services companies, announced Thursday that it has raised $123 million …
A ‘Competitive Furnace’ Burns Inside Willy Walker
Bisnow, May 21, 2020–Jon BanisterToday, Walker & Dunlop employs 872 people across 40 offices. The mortgage finance firm, which was the top Fannie Mae lender in the country last year, …
Wraparound Mortgages Can Help Home Sellers Boost their Prices
Orange County Register, May 21, 2020–Jeff LazersonWith rates below 3%, these seller-financed loans can be a boon for buyers with bad credit and a money-maker for sellers. But they also …