National Mortgage Professional, Apr. 2, 2020Moody’s has announced it changed its outlook on the non-bank mortgage sector from “Stable” to “Negative,” as liquidity issues continue to cause concern amid the …
Category: Top National News
The COVID-19 Economic Shutdown is Already Hitting Multifamily Rents
National Real Estate Investor, April 2, 2020–Bendix AndersonThe average rents on apartments are already dropping, as the U.S. economy grinds to a halt and millions of workers have lost their …
The CARES Act Eviction Moratorium Covers All Federally Financed Rentals—That’s One in Four US Rental Units
Urban Institute, Apr. 2, 2020–Laurie Goodman, Karan Kaul, Michael NealWe estimate that nearly 2.8 of the 22.3 million single-family units (12.4 percent of units) are financed with federally backed loans …
Will Coronavirus Slam U.S. Home Prices?
Orange County Register, Apr. 2, 2020–Jeff LazersonA real estate trade association chief economist and a 44-year mortgage industry researcher and analyst are predicting entirely different conclusions about where the median …
Home Lenders Brace for Up to 15 Million U.S. Mortgage Defaults
Bloomberg, Apr. 2, 2020–Prashant Gopal, John GittelsohnMortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even …
Fintech Helped Stabilize Mortgage Closing Costs in 2019
Mortgage Professional America, Apr. 2, 2020–Candyd MendozaAs more lenders integrated technology in their mortgage processes, costs associated with mortgage closings remained flat in 2019. On average, closing costs for a …
HouseCanary Acquires Tech Startup Dropmodel
National Mortgage Professional, Apr. 2, 2020HouseCanary announced acquisition of Dropmodel, a tech startup with analytic and financial modeling platforms for the single-family real estate asset class. In addition, Dropmodel Co-Founder …
Reverse Mortgage Lender Settles False Claims Act Charges for $2.5M
National Mortgage News, Apr. 2, 2020–Brad Finkelstein (subscription)Finance of America Reverse agreed to pay $2.5 million to settle allegations that a company it acquired violated the False Claims Act for …
MBA Announces 2019’s Top Commercial/Multifamily Mortgage Originators
National Mortgage Professional, Apr. 2, 2020 According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association, JLL, Wells Fargo and Eastdil Secured led …
Preventing the Pending Collapse of the Real Estate Market
Commercial Observer, April 2, 2020–Greg KrautThe commercial mortgage-backed securities market has essentially collapsed and the broader $20 trillion commercial real estate market is on the verge of collapse as well. …