Urban Institute, Apr. 30, 2020–Laurie Goodman, Ellen Seidman,Quietly but steadily, the public and policymakers are losing access to important data about the mortgage market and the state of credit for …
Category: Top National News
Borrowers Risk Losing Their Homes as Unpaid Mortgage Bills Pile Up
Orange County Register, Apr. 30, 2020–Jeff LazersonIn the seven short weeks since President Trump declared the coronavirus emergency, 3.5 million homeowners (7% of approximately 50 million total borrowers) are already …
Profits Drop in 1Q, But Freddie Mac is ‘Withstanding the Crisis’
National Mortgage News, Apr. 30, 2020–Paul Centopani (subscription)While Freddie Mac stabilized liquidity in mortgage markets, coronavirus-related credit losses drove the GSE’s income down in the first quarter of 2020.https://www.nationalmortgagenews.com/news/freddie-macs-first-quarter-earnings-2020
Federal Reserve Expands Business-Lending Program
Wall Street Journal, Apr. 3, 2020–Nick Timiraos (subscription)The Federal Reserve will expand loan offerings and qualification rules for its forthcoming $600 billion lending effort designed to reach small and mid-size …
Mortgage Rates Rall to New Record Low–Here’s Why Some Loan Applicants Won’t Be Offered Them
MarketWatch, Apr. 30, 2020–Jacob PassyThe low interest rate environment isn’t expected to bring much of a boost to the housing market, which is struggling as a result of the economic …
Where Home Prices Are Heading in the Age of Coronavirus
Money, Apr. 30, 2020–Daniel BortzThe coronavirus pandemic has shuttered large swaths of the U.S. economy. The real estate market — where just weeks ago sellers and agents had been counting …
Mortgage Rates Sink to All-Time Lows and May Be Headed Lower
Washington Post, Apr. 30, 2020–Kathy OrtonMortgage rates plummeted this week to the lowest levels in the history of Freddie Mac’s survey, which dates to 1971. According to the latest data …
Liability Shield for Businesses Emerges as New Fight over Reopening
The Hill, Apr. 30, 2020–Alex Gangitano, John KruzelThe business community is pressuring the White House and Congress to shield companies from lawsuits as they seek to reopen, setting up a …
Here’s How Many Millions Will Be ‘Seriously Delinquent’ In Mortgage Payments When We Reach Peak Unemployment
Forbes, Apr. 30, 2020–Amy DobsonIn the moderate, or ‘baseline’ scenario, an estimated 3 million borrowers could be more than 90 days behind on payments (90 days is what they define …
‘W-Shaped’ Recovery May Be Too Optimistic, Fed’s Powell Suggests
Reuters, Apr. 30, 2020–Lindsay DunsmuirFederal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting – one that sees business activity …