Mortgage Professional America, Apr. 19, 2021–David KitaiWhile the vaccine rollout has been extremely rapid, blowing most expectations out of the water, we’re not out of the woods quite yet. Even …
Category: Top National News
CFPB Rule Gives Renters Right to Sue Debt Collectors over Evictions
National Mortgage News, Apr. 19, 2021–Neil Haggerty (subscription)The agency’s new policy requires collectors seeking to evict tenants to provide written notice of their rights under a federal moratorium.https://www.nationalmortgagenews.com/news/cfpb-rule-gives-renters-right-to-sue-debt-collectors-over-evictions
CA Home Prices Reach An All-Time High
National Mortgage Profesional, Apr. 19, 2021–Katie JensenIn March, median prices surged 24% from a year ago with nearly two-thirds of homes selling above asking price, according to a California Association …
Fearing Foreclosure Crisis, U.S. Watchdog Cracks Down on Mortgage Servicers
Reuters, Apr. 19, 2021–Koh Gui Qing, Katanga JohnsonPete Mills of the Mortgage Bankers Association pointed out that “record numbers” of Americans had so far exited forbearance without losing their homes …
The Climate Real Estate Bubble: Is the U.S. on the Verge of Another Financial Crisis?
Time, April 19, 2021–Justin WorlandMillions of American homes are vulnerable to flooding, wildfires and storms, and they will only become more exposed as the effects of climate change worsen. There’s …
Realtors Want to Sell You a Home. Their Trade Group Backs Evicting Others
New York Times, Apr. 17, 2021–Ron LieberThe National Association of Realtors is advocating an end to a pandemic-era order meant to keep renters in their homes.https://www.nytimes.com/2021/04/17/your-money/realtors-pandemic-eviction-ban.html?campaign_id=2&emc=edit_th_20210419&instance_id=29404&nl=todaysheadlines®i_id=42063674&segment_id=55850&user_id=e670283fb4fff3d4391d6f88569ad498
March Hiring Surge Spanned the Country
Wall Street Journal, Apr. 16, 2021–Eric Morath (subscription)Hiring increased in 49 states across the country in March, with large states such as California, Texas and New York adding the most …
Fed’s Waller Says U.S. Economy ‘Ready to Rip’ With Strong Growth
Bloomberg, Apr. 16, 2021–Steve Matthews, Catarina SaraivaThe U.S. central bank should continue to maintain monetary stimulus even as the U.S. economy is starting to experience rapid growth, said Federal Reserve …
Three Non-QM Industry Leaders Weigh in on Agency Restrictions to Investment Property Lending
Mortgage Professional America, Apr. 16, 2021–David KitaiDespite consistent growth in the second property and investment property purchase markets, Fannie and Freddie recently announced they would be limiting their purchases of …
New Home Purchase Mortgage Apps Jump In March
National Mortgage Professional, Apr. 16, 2021–Navi PersaudThe Mortgage Bankers Association’s Builder Application Survey reported a 7% year-over-year increase in mortgage applications for new home purchases for March 2021. Month-over-month, applications …