Dallas Morning News, Mar. 31, 2020–Steve Brown“The definition of forbearance is delay — not forgive,” said Robert Broeksmit, president and CEO of the Mortgage Bankers Association. “The idea there is …
Category: Top National News
Homeland Security Says Real Estate is ‘Essential Business’
The Real Deal, March 31, 2020As the real estate industry remains split on whether the services it provides are “essential” during a pandemic, one federal agency has weighed in with …
New York City Real Estate In Q1 2020: How The Pandemic Has Affected A Quarter That Started Strong
Forbes, March 31, 2020–Frederick PetersThe New York real estate market began 2020 with an unusually strong January with surging buyer interest in a wide number of properties spanning all price …
FHA, VA Join Fannie, Freddie in Relaxing Some Standards
HousingWire, Mar. 30, 2020–Ben LaneFHA and VA both announced late Friday that would allow for appraisal and income verification alternatives as appraising homes and verifying employment are more difficult right …
The Fed Transformed: Jay Powell Leads Central Bank into Uncharted Waters
Wall Street Journal, Mar. 30, 2020–Nick Timiraos (subscription)To meet the dislocation the coronavirus pandemic unleashed on the economy, Federal Reserve Chairman Jerome Powell has mobilized the central bank to move …
Mortgage Lenders Expand Operations During COVID-19 Pandemic
HousingWire, Mar. 30, 2020–Angela de GaleBetter.com, which reported a 200% increase in applications since March 1, plans to hire 150 people per month in sales and mortgage operations and reach …
Did the Fed Just Accidentally Trigger a Housing Market Crash?
CCN, Mar. 30, 2020–Ben BrownBy flooding the market with money, the Federal Reserve just accidentally pushed mortgage bankers to the brink of bankruptcy. The Mortgage Bankers Association warned of ‘large …
Coronavirus Poses New Threat to Mortgage Industry
The Hill, Mar. 31, 2020–Sylvan Lane“There have been plenty of natural disasters where this system performs well,” said Mike Fratantoni, chief economist at the Mortgage Bankers Association. “But it wasn’t …
CFPB Urged to Take More Active Role in Coronavirus Response
American Banker, Mar. 20, 2020–Kate Berry (subscription)The agency has relaxed some reporting requirements and joined other regulators in encouraging banks to help borrowers, but pressure is building on the bureau …
What Coronavirus Means for Appraisers, Real Estate and Construction
National Mortgage News, Mar. 30, 2020–Bonnie Sinnock (subscription)Despite new restrictions with social distancing, they’re finding a way.https://www.nationalmortgagenews.com/news/what-coronavirus-means-for-appraisers-real-estate-and-construction