National Mortgage News, Mar. 26, 2021–Bonnie Sinnock (subscription)The development bodes well for outcomes on distressed loans backed by major government-related mortgage investors Fannie Mae and Freddie Mac.https://www.nationalmortgagenews.com/news/fannie-mae-freddie-mac-stats-highlight-deferral-forbearance-trends
Category: Top National News
U.S. Rent Has Increased 175% Faster than Household Income over Past 20 Years
Phys.org, Mar. 26, 2021–Suzanne BuzekBright lights, big city. “And lack of affordable rental housing,” says University of Cincinnati researcher Mike Eriksen in a report, “The Location of Affordable and Subsidized …
As COVID Cases Drop, What Could a Return to the Office Look Like?
Mortgage Professional America, Mar. 26, 2021–David KitaiWhile we’re hoping for a return to normal, so much has changed in terms of the way the mortgage industry now operates that when …
Rash of Private Equity Deals Reinforces Investor Interest in Mortgages
National Mortgage News, Mar. 26, 2021–Brad Finkelstein (subscription)Five transactions in the past week provided cash infusions for tech companies that are developing products for real estate finance.https://www.nationalmortgagenews.com/list/notarize-lenderclose-polly-maxwell-score-private-equity-windfalls
Household Spending Picks Up After Cooling Last Month
Wall Street Journal, Mar. 26, 2021–Josh Mitchell, Amara Omeokwe (subscription)Consumer spending—the biggest driver of economic activity in the U.S.—fell 1% in February, the Commerce Department said Friday. The drop was …
Why U.S. Real Estate Has Prospered During COVID
International Banker, Mar. 26, 2021–Cary SpringfieldFurther highlighting the buoyant U.S. residential real-estate market last year, the Mortgage Bankers Association Builder Application Survey data showed that mortgage applications for new home …
Male vs. Female: An Uneven Playing Field
UExpress, Mar. 26, 2021–Lew SichelmanThe pandemic has hit women harder than men — you might call it a “she-cession.” To be sure, more women have lost their jobs during this …
The Mounting Costs of Protracted Mortgage Forbearance
American Banker, Mar. 25, 2021–Kate Berry (subscription)The FHFA’s forbearance extension to September is forcing nonbank servicers to buy out more delinquent loans. It’s also upended loss estimates for investors and …
Private Mortgage Insurance Industry Boomed in 2020
HousingWire, Mar. 25, 2021–Tim GlazePrivate mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government …
UWM CEO Mat Ishbia Defends Ultimatum During ‘Mad Money’ Appearance
National Mortgage Professional, Mar. 25, 2021–Navi PersaudUnited Wholesale Mortgage CEO Mat Ishbia continued to defend his ultimatum to brokers who do business with Rocket Mortgage and Fairway Independent Mortgage Corp., …