HousingWire, Apr. 27, 2020–Julia FalconIn a new report from RentCafe, searches for apartments have now returned to their pre-pandemic numbers.https://www.housingwire.com/articles/apartment-searches-have-rebounded/
Category: Top National News
What Analog Mortgage Firms Can do to Enable Remote Work Fast
National Mortgage News, Apr. 27, 2020–Paul Centopani (subscription)As lenders scale up on their remote capabilities in response to the pandemic, the software companies that service them see exponential growth.https://www.nationalmortgagenews.com/list/how-analog-mortgage-firms-can-enable-remote-work-fast-amid-coronavirus
The Federal Reserve Is Changing What It Means to Be a Central Bank
Wall Street Jurnal, Apr. 27, 2020–Nick Timiraos, Jon Hilsenrath (subscription)The Federal Reserve is redefining central banking. By lending widely to businesses, states and cities in its effort to insulate the …
What Does the Mortgage Industry’s Post-Pandemic Future Hold?
HousingWire, Apr. 24, 2020–Phil HallThree mortgage industry leaders predict pent-up demand and a still-percolating purchase market will blossom in the post-pandemic weeks.https://www.housingwire.com/articles/what-does-the-mortgage-industrys-post-pandemic-future-hold/
Why Paying Your Mortgage Off Early May Make Sense–If You Can Afford It
Washington Post, Apr. 26, 2020–Michelle SingletaryUnlike the stock market, paying off your mortgage early offers a guaranteed return. Shorten your mortgage by paying it down sooner, and you pay less …
Skipping Mortgage Payments Isn’t for Everyone
Bloomberg, Apr. 27, 2020–Alexis LeondisRepayment options may depend on whether the lender is a bank or non-bank, with banks that keep those loans on their books likely to be more …
The Housing Market Is Edging Dangerously Close to a $1 Trillion Reckoning
CCN, Apr. 24, 2020–W.E. MessamoreRobert Broeksmit, CEO of the Mortgage Bankers Association, urged the Federal Reserve and Treasury last month to provide liquidity to survive a cash crunch.https://www.ccn.com/the-housing-market-is-edging-dangerously-close-to-a-1-trillion-reckoning/
Water, Water Everywhere
UExpress, Apr. 24, 2020–Lew SichelmanWater might not be on many homebuyers’ radar screens. But it sure is becoming a more important feature, both inside and outside the house.https://www.uexpress.com/housing-scene/2020/4/24/water-water-everywhere
As Hotels Sit Empty, Loan Delinquencies Pile Up
American Banker, Apr. 24, 2020–Jon Prior (subscription)More details have emerged about the damage the coronavirus pandemic is inflicting on the hospitality industry. One servicer alone has received 2,000 workout requests …
Why the FHFA’s Latest Move Undermines the MBS Market
National Mortgage News, Apr. 24, 2020–Christopher Whalen (subscription)This past week, Federal Housing Finance Agency Director Mark Calabria stated that he was directing the GSEs to “add liquidity” to the markets, …