National Real Estate Investor, April 20, 2020–Sebastian Obando Some investors raise concerns on rental revenue and occupancy rates, but the single-family rental sector should be well-positioned over the long term. …
Category: Top National News
Mnuchin, Democrats Close on Virus Aid Deal Nearing $500 Billion
Bloomberg, Apr. 20, 2020–Daniel Flatley, Billy House, Saleha MohsinDemocrats and the Trump administration are near an agreement for Congress to act this week on a deal as large as $500 …
Impac Extends Moratorium on Loan Activity
Mortgage Professional America, Apr. 17, 2020–Ryan SmithImpac Mortgage Holdings has extended indefinitely its moratorium on originations due to the economic impact of COVID-19.https://www.mpamag.com/news/impac-extends-moratorium-on-loan-activity-219951.aspx
Homeowners and Buyers Report on How They’re Impacted by COVID-19
National Mortgage Professional, Apr. 17, 2020–Ben MizesA new study by Clever Real Estate found that the pandemic’s financial toll is exposing some fundamental flaws in the mortgage and rental system, …
The Pandemic is Shrinking the Mortgage Credit Box
Urban Institute, Apr. 17, 2020–Michael Neal, Laurie GoodmanThe authors examine evidence on mortgage rates from recently issued mortgage-backed securities and news about the market to determine how much access to …
Homebuyers Still Shopping Despite Coronavirus-Fueled Pessimism
HousingWire, Apr. 17, 2020–Phil HallDespite numerous challenges, buyers are still house hunting and lenders are still originating purchase loans. (MBA mention)https://www.housingwire.com/articles/homebuyers-still-shopping-despite-coronavirus-fueled-pessimism/?fbclid=IwAR2jSAmE_3DemSFhsa_Cl_edkYXeF6Q3f4hknaANZPQXVOxlaD0OzaJ4g38
More U.S. Homeowners Skip Mortgage Payments with Jobs Vanishing
Bloomberg, Apr. 17, 2020–John GittelsohnMortgage servicers, who are facing a potential liquidity crisis, would need to advance $2.3 billion a month to make good on payments due to investors in …
Nearly 3 Million Borrowers Have Been Granted Mortgage Relief, and the Industry is Crying for Help
CNBC, Apr. 17, 2020–Diana OlickMore than 2.9 million homeowners have taken advantage of a program designed to provide relief to holders of government-backed mortgages, part of the coronavirus CARES Act …
Independent Mortgage Banks’ Profits Per Loan Surge in 2019
National Mortgage Professional, Apr. 17, 2020–Keith GriffinIndependent mortgage banks and mortgage subsidiaries of chartered banks saw their profits per loan increase four times over their 2018 numbers. Profits spiked because …
Independent Mortgage Banks’ Profits Per Loan Surge in 2019
National Mortgage Professional, Apr. 17, 2020–Keith GriffinIndependent mortgage banks and mortgage subsidiaries of chartered banks saw their profits per loan increase four times over their 2018 numbers. Profits spiked because …