National Mortgage Professional, May 4, 2020Builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter, according to the National Association of Home Builders’ …
Category: Top National News
U.S. Mortgage Firms Push for Support as Borrowers Halt Payments
Reuters, May 4, 2020–Matt ScuffhamU.S. mortgage firms facing billions of dollars of missed home loan repayments are continuing to push for emergency government support as data published Monday showed a …
Increase in Delinquencies Will Require More Accuracy from Mortgage Servicers
Mortgage Professional America, May 4, 2020–Clayton JarvisAccording to Neil Fraser, director of US operations for Paradatec, servicers who have not completed a thorough auditing of their MSR data have ample …
Dirt-Cheap U.S. Mortgages Thwarted by $5 Billion in Margin Calls
Bloomberg, May 5, 2020–Shahien NasiripourThe Federal Reserve’s emergency rescue of the U.S. mortgage market should have set off a celebration among lenders trying to keep up with demand from borrowers. …
Real Estate Industry Could be Permanently Changed, Even After Pandemic Passes
Washington Post, May 4, 2020–Ilyce Glink, Samuel TamkinThere’s a long list of the ways the novel coronavirus has impacted the real estate market. (MBA mention)https://www.washingtonpost.com/business/2020/05/04/new-normal-is-coming-wake-coronavirus-pandemic/
Obstacles Mount for Deal on Next Coronavirus Bill
The Hill, May 3, 2020–Jordain CarneyLawmakers are set to start returning to Washington on Monday nowhere near an agreement on the next coronavirus relief bill. Instead, they are facing a …
Nearly 4 Million Homeowners are No Longer Paying their Mortgages
CBS News, May 1, 2020–Khristopher J. Brooks“Over 26 million Americans have filed for unemployment over the last month, leading to nearly 7 percent of all mortgage borrowers asking to be …
The Housing Market Faces Its Next Crisis as May Rent and Mortgages Come Due
Washington Post, May 3, 2020–Renae MerleMillions of homeowners and renters already are behind on payments in the economic collapse, and the jobless ranks are growing. The number of homeowners seeking …
J. Crew Files for Bankruptcy in Virus’s First Big Retail Casualty
New York Times, May 3, 2020–Vanessa Friedman, Sapna Maheshwari, Michael J. de la MercedIt is the first major retailer to fall during the coronavirus pandemic, though other big industry names …
The Office You Left Is Not Going to Be the Office You Return To
Bloomberg, May 1, 2020–Jeff Green, Michelle F. DavisLike much of the response to the pandemic, it’s an evolving work in progress. But one thing is clear: It will look and …