Reuters, April 7, 2021–Andy Sullivan and Jarrett RenshawPresident Joe Biden is seeking to ease a national affordable housing shortage by pushing local governments to allow apartment buildings in neighborhoods that …
Category: Top National News
State Of The Market
The Source Weekly (Oregon), April 7, 2021–Abbie Sams and Rick SamsIt’s an understatement to say that the course of the previous year has been unprecedented. The world is still in …
Fed Saw Some Time Before Taper Conditions Met, Minutes Show
Bloomberg, Apr. 7, 2021–Craig TorresFederal Reserve officials last month saw it taking some time before the conditions would be met for scaling back their massive asset-purchase campaign.https://www.bloomberg.com/news/articles/2021-04-07/fed-saw-some-time-before-taper-conditions-met-minutes-show?srnd=premium
Boost in Housing Inventory Predicted to Hit the Market by June
National Mortgage News, Apr. 7, 2021–Paul Centopani (subscription)As vaccinations proliferate, homeowners who held off during the pandemic are finally gearing up to list their properties, a recent survey finds.https://www.nationalmortgagenews.com/news/boost-in-housing-inventory-predicted-to-hit-the-market-by-june
JPMorgan CEO Jamie Dimon Sees ‘Goldilocks Moment’ for U.S. Economy
Wall Street Journal, Apr. 7, 2021–Orla McCaffrey (subscription)In his annual letter to shareholders Wednesday, JPMorgan Chase & Co. Chief Executive Jamie Dimon said strong consumer savings, expanded vaccine distribution and …
Does CFPB Have Authority to Postpone Foreclosures?
HousingWire, Apr. 7, 2021–Alex RohaAt the peak of forbearance, nearly 6 million borrowers were in some form of forbearance, but over half of those homeowners have since exited. According to …
Mortgage Servicers are Stepping Up During COVID
HousingWire, Apr. 7, 2021–Robert Broeksmit, CMBMBA President & CEO shows how the Consumer Financial Protection Bureau’s own data reported complaints against mortgage servicers are down 3.5%.https://www.housingwire.com/articles/cfpb-report-shows-how-mortgage-servicers-have-stepped-up-during-covid/
Home Sellers are Feeling Good about 2021
HousingWire, Apr. 7, 2021–Tim GlazeMortgage applications decreased 2.2%, according to the March 31 report from the Mortgage Bankers Association. However, purchase activity during the last week of March was up …
Mortgage Refinance Demand Drops 20% as Rates Rise to 10-Month High
CNBC, Apr. 7, 2021–Diana OlickMortgage rates moved higher again last week, causing homeowners and potential homebuyers to pull back on borrowing. Overall mortgage application volume decreased 5.1% from the previous …
Here’s How to Fix the Housing Market Inventory Crisis
HousingWire, April 6, 2021–Ralph McLaughlinThe U.S. housing market is in the midst of an inventory crisis. The number of homes for sale in the U.S. is hovering near record lows, …