Mortgage Professional America, June 23, 2021–Candyd MendozaThe total number of loans in forbearance fell 11 basis points from 4.04% of servicers’ portfolio volume the prior week, as of June 13. …
Category: Top National News
Hundreds of Seattle Homes Selling for $300K Over Asking
HousingWire, June 23, 2021–Tim GlazeAn astonishing 580 homes in the Seattle metro area have sold for $300,000 or more above their asking prices in 2021. That’s compared to only 16 …
The Red Hot Housing Market is Slowing Down the Economy
Yahoo Finance, June 24, 2021–Myles UdlandHome prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house. But cracks in the housing market …
U.S. Officials Expected to Extend Eviction Moratorium by 30 Days as Fears About Renters Mount
Washington Post, June 23, 2021–Jeff SteinFederal officials are expected to extend a national moratorium on evictions by 30 days, although no final decision has been made, according to two people …
Report: Residential Mobility Decline Contributes to Housing Crisis
Olean (N.Y.) Times-Herald, June 23, 2021–Bethany BlankleyThe current housing crisis in the U.S. isn’t just fueled by unaffordability, a new study finds, but also by a sharp downturn in local …
How Home Builders Are Contributing to Housing Frenzy
Wall Street Journal, June 23, 2021– Justin Lahart(subscription)One factor behind the low level of home sales might be that some builders are waiting until a home is further along in …
U.S. Mortgage Applications Increase on Refinancing Interest – MBA
Reuters, June 23, 2021–Evan SullyU.S. applications for home mortgages increased last week driven by an increase in refinancing activity and an uptick in purchase applications. (MBA mention)https://www.reuters.com/article/usa-economy-mba/u-s-mortgage-applications-increase-on-refinancing-interest-mba-idUSL2N2O430Y
HUD Unveils Plan to Increase Black Homeownership
HousingWire, June 23, 2021–Georgia KromreiGroups including HUD unveiled a plan Friday to increase Black homeownership significantly over the next nine years. The agency says it will create three million more …
Brookfield, Tishman Bet Billions on Workers Returning to Office
Bloomberg, June 23, 2021Even as others fret about the future demand for office space, Tishman Speyer spent $12 billion over the past year on deals it expects “to be some …
Weekly Mortgage Refinancing Demand Jumps as Some Fear End of Super-Low Rates is Near
CNBC, June 23, 2021–Diane OlickMortgage rates rose last week, along with demand for refinances. That may sound counterintuitive, but it speaks to the larger picture of where mortgage rates are …