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 …
Category: Top National News
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, …
ALTA: Title Insurance Premium Volume Up 6.5 Percent in 2019
National Mortgage Professional, Apr. 24, 2020The American Land Title Association’s Market Share Analysis has reported that the title insurance industry generated $15.81 billion in title insurance premiums during 2019, compared …
Goldman Caught Fed-Fueled Rebound with Bet on Mortgage Bonds
Bloomberg, Apr. 24, 2020–Alastair Marsh, Luca CasiraghiGoldman Sachs Group Inc. bought up mortgage bonds during a wave of panic selling last month, a bet that’s almost certainly made money since …
Multifamily Mortgage Debt on the Rise Through Q4 2019; What About 2020?
Commercial Property Executive, Apr. 24, 2020–Jamie WoodwellMBA Vice President of Commercial/Multifamily says continuing the recent trend, the growth in multifamily mortgage debt outpaced that of other property types.https://www.cpexecutive.com/post/commercial-multifamily-mortgage-debt-outstanding-3/
Mortgage Bailout Balloons by Half a Million More Loans in One Week
CNBC, Apr. 24, 2020–Diana Olick“We continue to call on the Treasury and Federal Reserve to provide a liquidity facility to ensure that servicers can continue their important work of advancing …
House Passes $484 Billion Relief Package after Weeks of Partisan Battles
Politico, Apr. 23, 2020–Heather Caygle, Sarah FerrisThe bill will provide an immediate $321 billion infusion for the Paycheck Protection Program, the small business rescue fund that ran out of money …