HousingWire, Apr. 2, 2020–Bill EmersonFormer MBA Chairman says when functioning at its best, the mortgage industry works in partnership with lenders, servicers, real estate agents and housing counselors, all collaborating …
Category: Top National News
How to Suspend Your Mortgage Payments During Coronavirus Turmoil
Wall Street Journal, Apr. 3, 2020–Julia Carpenter, Orla McCaffrey (subscription)“I always stress: if you’re not affected and able to make your payments, please keep doing so,” said Bob Broeksmit, chief …
Military Housing: Unfit to Serve
UExpress, Apr. 3, 2020–Lew SichelmanThe deplorable conditions of a lot of low-income housing is well known. But these conditions are also found in the housing provided to our military personnel. …
Not What We Want to Hear: Above-Average Hurricane Season Looming
Bloomberg, Apr. 2, 2020–Brian K. SullivanEight hurricanes could spin out of the Atlantic with an above-average chance at least one will make landfall in the U.S., Colorado State University said …
Multifamily Market Permits Continue to Decline
HousingWire, Apr. 2, 2020–Julia FalconPrior to stay-at-home orders and businesses closing, the multifamily market was already seeing a decline in both permits and starts, a new report from RealPage said.https://www.housingwire.com/articles/multifamily-market-permits-continue-to-decline/
Moody’s: Liquidity Issues for Non-Bank Mortgage Sector Drop Outlook to ‘Negative’
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 …
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 …