Mortgage Professional America, May 1, 2020–Clayton JarvisAs critical as remote work has been to keeping countless businesses alive during the COVID-19 pandemic, it has also proven to be a boon …
Category: Top National News
How COVID-19 Has Changed the Mind of Potential Homebuyers
HousingWire, May 1, 2020–Julia Falcon45.6% of shoppers said they are motivated to expedite their moving timeline because they think they’ll get a good deal on a home, while low-interest rates …
Study Gauges The New Workplace Norm As Result Of Pandemic
National Mortgage Professional, May 1, 2020As we enter month two of the Coronavirus pandemic gripping the nation, global staffing firm Robert Half surveyed more than 1,000 professionals about their current …
CoreLogic Has its Best First Quarter Ever
National Mortgage News, May 1, 2020–Brad Finkelstein (subscription)Net income grew by nearly 1990% year over year as its core mortgage services businesses gained scale.https://www.nationalmortgagenews.com/news/corelogics-first-quarter-2020-results-explained
Fannie Mae Income Drops as More Homeowners Suspend Mortgage Payments
Wall Street Journal, May 1, 2020–Andrew Ackerman (subscription)Fannie Mae, the government-controlled mortgage finance giant, reported a steep drop in income as it set aside more money for expected loan losses, …
U.S. Homeowners are Increasingly Delaying Mortgage Payments
Bloomberg, May 1, 2020–John GittelsohnAbout 7.3% of U.S. mortgages entered forbearance plans in April, providing temporary relief to more than 3.8 million borrowers who have lost income during the coronavirus …
Experts Say Struggling Airbnb Hosts May Be Forced to Sell Their Properties
Money, May 1, 2020–Gabriella Cruz-MartinezAs the coronavirus continues to wreak havoc on the economy and travel industry, Airbnb homeowners are starting to wonder if they’re going to be able to …
Appraisals, Inspections On Different Paths
UExpress, May 1, 2020–Lew SichelmanIf you are intent on buying a home during the pandemic, obtaining an appraisal shouldn’t stand in your way. But procuring a home inspection may be …
Banks’ Revamped Outlook on Multifamily Lending
Multi-Housing News, Apr. 30, 2020–Joe GoseThe COVID-19 pandemic has upended projections for multifamily lending, but banks should continue to favor the asset class over the long term. (MBA mention)https://www.multihousingnews.com/post/banks-revamped-outlook-on-multifamily-lending/
Mr. Cooper Has Nearly 200,000 Customers in Forbearance But is Not Longer Worried About Liquidity
HousingWire, Apr. 30, 2020–Ben LaneAccording to CEO Jay Bray, Mr. Cooper is now in position to not need to lean on government sources for funding, whether it’s a Treasury or …