HousingWire, May 5, 2020–Kathleen Howley (subscription article)Roughly 14% of real estate companies in the U.S. – including sales, leasing and maintenance firms – got funding in the first round of …
Category: Top National News
Mortgages Top CFPB’s List Of Complaints in April
National Mortgage Professional, May 5, 2020–Navi PersaudThe number of complaints received by the Consumer Financial Protection Bureau in April was 15% higher than in March. Mortgage concerns and credit cards …
Why Home Prices Are Rising During the Pandemic
Wall Street Journal, May 5, 2020–Nicole Friedman (subscription)The economy is shrinking, businesses are closing and jobs are disappearing due to the coronavirus pandemic. But in the housing market, prices keep …
Mortgage Rate Gap Widens Between Higher and Lower Credit Score Borrowers
Bankrate.com, May 5, 2020–Natalie CampisiRight now, a high credit score can mean getting up to 83 basis points shaved off your mortgage interest rate compared to people with lower scores. …
How the Coronavirus Could Forever Change Home Buying and Mortgage Lending
MarketWatch, May 5, 2020–Sanjiv DasExtraordinary times call for extraordinary measures. Business leaders in all parts of the U.S. economy are taking bold steps to respond to the coronavirus crisis. Those …
Treasury Plans to Borrow $3 Trillion From April Through June as Enormous Coronavirus Costs Pile Up
Washington Post, May 4, 2020–Rachel SiegelThe Treasury Department plans to borrow $2.99 trillion from April through June to cover the federal government’s massive response to the coronavirus pandemic, issuing a …
MBA Opens Doors Foundation: Coronavirus is Disporportionately Impacting Families We Serve
HousingWire, May 4, 2020–Alcynna Lloyd“With the threat of COVID-19, for our Opens Doors families, their lives just got a lot harder,” said MBA Opens Doors Foundation President Deb Dubois. “It …
Cash-Out Refis Dry Up as Price Hikes Prove Too Costly
National Mortgage News, May 4, 2020–Kate Berry (subscription)Mortgage lenders have released new rate sheets in the past week showing higher credit scores and loan-to-value ratios plus added fees for cash-out …
Mortgage Standards Get Tougher as Banks Face Greater Risk
Pittsburgh Post-Gazette, May 5, 2020–Tim GrantFrom the lenders who approve mortgages to the pension funds and institutional investors who buy them in bundles on the secondary market, worries are running …
Coronavirus Hurts Home Buying–But It Also Cuts Mortgage Defect Risk
National Mortgage News, May 4, 2020–Brad Finkelstein (subscription)Less competition in the marketplace meant customers were less apt to fudge the truth on a loan application, said First American.https://www.nationalmortgagenews.com/news/coronavirus-hurts-home-buying-but-it-also-cuts-mortgage-defect-risk