Washington Post, Apr. 9, 2020–Michele LernerTechnology that allows people to connect virtually has helped many to navigate work and socialize during the pandemic. In the real estate industry, new tools …
Category: Top National News
New York City Apartment Leases Tumble While Renters Stay Put
Bloomberg, Apr. 9, 2020–Oshrat CarmielNew York apartment leases plunged last month as coronavirus stay-at-home orders kept the city’s renters from moving.https://www.bloomberg.com/news/articles/2020-04-09/new-york-city-apartment-leases-tumble-while-renters-stay-put?srnd=premium
Multifamily Data Starting to Show Early Impacts of COVID-19
Mortgage Professional America, Apr. 9, 2020–Kasi JohnstonEarly impacts from the effects of the COVID-19 pandemic on the U.S. housing market are now apparent, as first quarter reports show early declines …
MBA Fires Back at FHFA Head’s Incendiary Comments
National Mortgage News, Apr. 8, 2020–Brad Finkelstein (subscription)Mark Calabria needs to be working to secure a Fed facility for servicer advances and to support, not denigrate, smaller servicers, the Mortgage …
The Case for Supporting Nonbank Mortgage Servicers
National Mortgage News, Apr. 8, 2020–Jon Van Gorp (subscription)The author says without a dedicated government-funded servicing advance facility that is developed quickly to address the immediate need, there is a …
It Just Got Harder to Get, Refinance a Mortgage: Who Faces More Difficulty
Detroit Free Press, Apr. 9, 2020–Susan TomporRecord spikes in jobless claims are creating major roadblocks for consumers who thought that they’d like to save money by snagging a lower mortgage …
Regulators ‘Full Steam Ahead’ on CRA Reform Despite Coronavirus Pandemic
American Banker, Apr. 8, 2020–Brendan Pedersen (subscription)Lenders and community groups say it’s a mistake for the banking agencies to move forward during a national crisis. But Comptroller of the Currency …
Calabria Does Not Expect Widespread Delinquencies Due to Coronavirus
HousingWire, Apr. 8, 2020–Ben LaneWhile some in the housing industry are expecting mortgage delinquencies to climb to 20% or more due to the impact of the coronavirus, Federal Housing Finance …
Mortgage Applications Decrease Due to Economic Uncertainty
National Mortgage News, Apr. 8, 2020–Glenn McCullom (subscription)Mortgage applications decreased 17.9% from one week earlier, as coronavirus-related volatility affected consumer sentiment, according to the Mortgage Bankers Association.https://www.nationalmortgagenews.com/news/mortgage-applications-decrease-due-to-economic-uncertainty
Fed Minutes Reveal Alarm Over Coronavirus Disruptions to Economy, Market
Wall Street Journal, Apr. 8, 2020–Nick TImiraos (subscription)Federal Reserve officials reacted with growing alarm to market disruptions prompted by the spreading coronavirus pandemic in March, prompting them to cut interest …