National Mortgage Professional, Nov. 13, 2020–Navi PersaudThe Mortgage Bankers Association’s Mortgage Credit Availability Index reported an increase in mortgage credit availability for October. The MCAI increased by 2.3% to 121.3 …
Category: Top National News
David Brickman to Step Down from Freddie Mac
HousingWire, Nov. 13, 2020–James KleimannBrickman, who took over as CEO of the company in July 2019, will leave Freddie Mac on Jan. 8, Freddie Mac disclosed in a filing with …
Booming Healthcare Real Estate a Career Opportunity for Women, People of Color
GlobeSt.com, Nov. 13, 2020–M. Sharon BakerDespite a concerning gap in pay equity and a shock from COVID-19, the sector poses a great opportunity for women and minorities in the near …
COVID Pushes Real Estate Into the Future
New York Times, Nov. 13, 2020—-Stefanos ChenThe coronavirus could be the crisis that finally propels the tech-averse real estate industry into the 21st century.https://www.nytimes.com/2020/11/13/realestate/real-estate-coronavirus.html
As COVID-19 Shuts Malls and Hotels, Their Owners Fall Behind on Loans, Setting the Stage for a Changed Landscape
USA Today, Nov. 13, 2020–Michael Braga“The pandemic has had the most immediate and dramatic impact on hotels and motels, as we’ve taken a vacation from vacations,” said Jamie Woodwell, vice …
High Prices Offset Gains From Low Rates
Uexpress, Nov. 13, 2020–Lew SichelmanThe bottom line: Lower rates have not turned out to be the blessing most people believe them to be. While they have indeed sparked demand, that …
Used Vehicles Again Lift U.S. Consumer Prices, But Inflation Cooling
Reuters, Nov. 12, 2020–Lucia MutikaniU.S. consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, but inflation …
Here’s What to Do if Your Mortgage Forbearance is Ending
Bankrate.com, Nov. 13, 2020–Zach WichterMarina Walsh, vice president of industry analysis at Mortgage Bankers Association, said lenders are much more flexible with forbearance these days than they were during the …
Bidding Wars, Outdated Appraisals Hamstring First-Time Homebuyers
Orange County Register, Nov. 12, 2020–Jeff LazersonIt’s like quicksand for most first-time buyers. Bidding competition is as fierce as ever. Larger down payments and all-cash buyers are winning those bidding …
Senate Readies Vote on Judy Shelton, Granting Trump Another Opportunity to Shape Federal Reserve
Washington Post, Nov. 12, 2020–Rachel SiegelThe Senate will vote to confirm President Trump’s controversial Federal Reserve nominee Judy Shelton to a seat on the central bank’s board of governors, giving …