MReport, Mar. 9, 2021–Eric PeckThe Mortgage Bankers Association is reporting its Mortgage Credit Availability Index remained stable month-over-month in February, unchanged at 124.6.https://themreport.com/daily-dose/03-09-2021/mortgage-credit-availability-remains-at-record-low-levels
Category: Top National News
Commercial Mortgage Performance Improves for Second Straight Month
Connect CRE, March 9, 2021–Paul BubnyThe Mortgage Bankers Association said delinquency rates for mortgages backed by commercial and multifamily properties decreased in February, as the COVID-19 pandemic’s impact on commercial …
Landlords and Tenants Need More Information on Rental Assistance and Eviction Moratorium Policies
Urban Institute, Mar. 9, 2021–Laurie Goodman, Jung Hyun ChoiThe researchers discuss findings from an Avail survey of mom-and-pop landlords and tenants. Fewer than half of landlords and fewer than a …
Workers Are Moving First, Asking Questions Later. What Happens When Offices Reopen?
NPR, March 9, 2021–Laurel WamsleyWith millions of Americans suddenly working remotely, some took the unprecedented opportunity to shift their lives in a new direction — crossing their fingers that when …
MBA’s Affordable Housing Initiatives: Steve O’Connor
Trailblazers Impact, Mar. 9, 2021As senior vice president for affordable housing initiatives at the Mortgage Bankers Association, Steve O’Connor is rolling out affordable housing initiatives in several cities. Steve’s role …
Foreclosure Looms for Nile Niami’s Infamous Mega-Mansion ‘The One’
Los Angeles Times, Mar. 8, 2021–Jack FlemmingNile Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the …
It’s the Seventh-Inning Stretch in Mortgage-Land
National Mortgage News, Mar. 8, 2021–Christopher Whalen (subscription)As we enter the second year of the Great COVID mortgage boom of the early 2020s, there are already telltale signs that the …
Soaring Home Prices are Starting to Alarm Policymakers
Politico, Mar. 8, 2021–Katy O’DonnellThe booming housing market helped stave off economic collapse in 2020. But soaring prices are starting to worry policymakers, who fear the market could lock a …
Fed Will Continue Supporting PPP Loans Until June 30
American Banker, Mar. 8, 2021–Hannah Lang (subscription)Nonbanks had worried the end of the Paycheck Protection Program Liquidity Facility would hurt their ability to lend to small businesses. On Monday, the …
Remote Work Won’t Be Going Away Once Offices Are Open Again
Bloomberg, Mar. 8, 2021–Xavier LaLanne-TauziaA recent Aviva survey found that 95% of its staff would choose either full-time remote work or a flexible home-office split once lockdowns end. The company …