MarketWatch, Nov. 12, 2020–Jacob PassyWhen the coronavirus pandemic first reached U.S. shores earlier this year, worries abounded about how it would affect the country’s housing market. Starting in March, home …
Category: Top National News
The Housing Market is Sizzling, and Rocket Mortgage is Cashing In
CNN Business, Nov. 12, 2020—-Matt EganIt’s an amazing time to be a mortgage lender. The pandemic has set off an epic rush to buy homes and an urgent need for …
Mounting Commercial Real Estate Losses Threaten Banks, Recovery
Washington Post, Nov. 11, 2020–David J. LynchIf U.S. banks absorb big losses on their $2 trillion in commercial real estate loans, the entire economy will suffer. Just the fear of …
Rocket’s 3Q Originations Soar as Gain-on-Sale Margins Shrink
National Mortgage News, Nov. 11, 2020–Bonnie Sinnock (subscription)The company reached a new record high for closed loan volume, and reported a cyclical drop in gain-on-sale margins reflecting changes in its …
Mortgage Demand From Home Buyers Drops to Lowest Level in 6 Months
CNBC, Nov. 11, 2020–Diana OlickDeclining demand from buyers caused mortgage application volume to fall 0.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted …
Risk Assessment’s New ‘Playing Field’
M Report, Nov. 10, 2020–Phil HallWhile the housing market was spared the worst of the pandemic’s trauma, mortgage lending underwent some significant adjustments. Joel Kan, AVP of Economic & Industry …
What the 2020 Election Results Mean for Mortgage Rates
Bankrate.com, Nov. 10, 2020–Zach WichterJoel Kan, the Mortgage Bankers Association’s associate vice president of economic and industry forecasting, said upward pressure from other strong economic indicators could move rates higher, …
MBA’s Robert Broeksmit on What Biden’s Win Means for Housing
HousingWire, Nov. 10, 2020 (podcast)Robert Broeksmit, president and CEO of the Mortgage Bankers Association, joins the Housing News Podcast to discuss the association’s regulatory priorities for 2021 and what goals …
Mounting Pressures on Mom-and-Pop Landlords Could Spell Trouble for the Affordable Rental Market
Urban Institute, Nov. 10, 2020–Jung Hyun Choi, Laurie GoodmanWith less rent collected and more vacancies, mom-and-pop landlords are under increasing financial pressure, causing them to consider selling their properties and …
U.S. Job Openings, Hiring Point to Sluggish Labor Market Recovery
Reuters, Nov. 10, 2020–Lucia MutikaniU.S. job openings increased less than expected in September while hiring fell, suggesting the labor market recovery was petering out even before a resurgence in new …