NPR, Apr. 7, 2020–Chris ArnoldIn order to avoid a wave of home loan defaults, Congress and regulators told lenders that they have to let homeowners defer payments if they’ve been …
Category: Top National News
MBA Names Top 10 Mortgage Originators in 2019
Mortgage Professional America, Apr. 7, 2020–Candyd MendozaThe Mortgage Bankers Association recognized top-performing mortgage firms in its 2019 commercial/multifamily real estate finance league tables.https://www.mpamag.com/news/mba-names-top-10-mortgage-originators-in-2019-219081.aspx
Requests to Delay Mortgage Payments Jump Nearly 2,000% as Borrowers Seek Relief During Coronavirus
CNBC, Apr. 7, 2020–Diana OlickRequests to delay mortgage payments grew by 1,270% between the week of March 2 and the week of March 16, and another 1,896% between the week …
Wells Fargo Reduces Mortgage Products Amid Coronavirus Outbreak
Reuters, Apr. 6, 2020–Imani MoiseWells Fargo & Co, the largest U.S. mortgage lender, is offering fewer home loan products during the coronavirus-fueled economic downturn, a spokesman said on Monday. The …
Why Have “Points” Made a Big Resurgence In The Mortgage Market?
Mortgage News Daily, Apr. 6, 2020–Matthew GrahamThe bottom line is that POINTS (or simply extra upfront origination cost) have seen a resurgence because they’re the only reasonable way to pay …
Mall Owners Worried over Mortgage Payments as Retailers Skip Rent
CNBC, Apr. 6, 2020–Lauren ThomasRetailers are worried about paying rent because of the damage from the coronavirus pandemic. And that has mall owners increasingly worried about meeting their own obligations.https://www.cnbc.com/2020/04/06/mall-owners-worried-over-mortgage-payments-as-retailers-skip-rent.html
Coronavirus Mortgage Bailout: ‘There’s Going to be Complete Chaos,’ Says Industry CEO
CNBC, Apr. 6, 2020–Diana OlickA broad coalition of mortgage and finance industry leaders on Saturday sent a plea to federal regulators, asking for desperately needed cash to keep the mortgage …
As Forbearance Wave Hits, Real Estate Industry Begs Fed to Take Action
The Real Deal (N.Y.), Apr. 6, 2020 The commercial real estate industry is asking the federal government to buy bonds, assets, or lend money to mortgage banks as forbearance requests …
U.S. Consumers Fear for Jobs, Debt Payments Due to Coronavirus: N.Y. Fed Survey
Reuters, Apr. 6, 2020–Jonnelle MarteThe economic toll of the coronavirus pandemic hit home for Americans last month, as consumers braced for job losses, anticipated spending cuts and grew more pessimistic …
Google Searches for Homes Could Plummet 63%–Lending Tree
Mortgage Professional America, Apr. 6, 2020–Ryan SmithGoogle searches for “homes for sale” could drop 63% by the end of May, signaling a slowdown in the housing market, according to a …