Bloomberg, Nov. 20, 2020–Reade PickertJPMorgan Chase & Co. analysts are forecasting a U.S. economic contraction next quarter as various states impose restrictions on businesses and activity amid a record surge …
Category: Top National News
NAR Launches Interactive Training to Combat Housing Discrimination
HousingWire, Nov. 20, 2020–Julia FalconDuring a fair housing summit on Thursday, newly elected National Association of Realtors President Charlie Oppler issued an apology for NAR’s past policies that contributed to …
New Residential Announces IPO for Its Mortgage Business, NewRez
National Mortgage News, Nov. 20, 2020–Brad Finkelstein (subscription)New Residential Investment confidentially filed a draft registration statement with the Securities and Exchange Commission on its intention to spin off its NewRez …
Fannie, Freddie Overseer Looks to End Federal Control Before Trump Leaves
Wall Street Journal, Nov. 20, 2020–Andrew Ackerman (subscription)The federal regulator who oversees Fannie Mae and Freddie Mac is pushing to speed up the mortgage giants’ exit from 12 years of …
Pandemic Forces Moves for Many Americans, Survey Shows
Credit Union Times, Nov. 20, 2020–Jim DuPlessisNearly four out of 10 Americans have been forced to move or alter their living arrangements in other ways because of the COVID-19 pandemic, …
A Tale of Two Markets
UExpress, Nov. 20, 2020–Lew SichelmanTwo relatively small housing submarkets are starting to show signs of strengthening. One of those markets: renters looking for more space, both inside and out. The …
Mnuchin Declines to Extend Several Fed Emergency Lending Programs
Wall Street Journal, Nov. 19, 2020–Nick Timiraos, Kate Davidson (subscription)Treasury Secretary Steven Mnuchin declined to extend several pandemic emergency-loan programs established jointly with the Federal Reserve that are set to …
Prop 19 Creates Confounding Questions, Gotcha Rules
Orange County Register, Nov. 19, 2020–Jeff LazersonUnder Proposition 19 a wave of parent-to-child property transfers are likely to be triggered before February 16, 2021. (MBA mention)https://www.mortgagegrader.com/blog/prop-19-creates-confounding-questions-gotcha-rules/
Office Markets Face Long-Haul Recovery Despite Rising Vaccine Hopes
Bloomberg, Nov. 19, 2020Lending in the US for commercial and multifamily real estate is forecast to remain below pre-pandemic levels at least through 2022 with this year’s new loans plunging …
Companies with MISMO RON Certificate Double in Three Months
HousingWire, Nov. 19, 2020–Alex RohaDigital notary platform NotaryCam announced on Wednesday it has been awarded the Remote Online Notarization (RON) Compliance Certification through the Mortgage Industry Standard Maintenance Organization (MISMO) …