National Mortgage News, Oct. 9, 2020–Brad Finkelstein (subscription)The change brings clarity to what is permissible in an MSA, rather than the regulation by enforcement used by the bureau under Richard …
Category: Top National News
Banks Have a Chance to Come Up for Air
Wall Street Journal, Oct. 11, 2020–Telis Demos (subscription)For the first time since the start of the coronavirus pandemic, U.S. bank earnings aren’t expected to be overwhelmed by waves of credit …
Advocates Plead for Housing Aid as Eviction Cliff Looms
The Hill, Oct. 11, 2020–Sylvan LaneA potentially dire housing crisis could erupt if the Trump administration and Congress fail to reach a deal on further coronavirus relief that includes eviction …
White House Wants to Keep Coronavirus Relief Bill Under $2 Trillion: Spokeswoman
Reuters, Oct. 9, 2020–Makini BriceThe White House is willing to increase the amount of funding it accepts for a coronavirus stimulus bill that it is negotiating with U.S. House of …
About 60 Million U.S. Households Expect Income Losses This Month
Bloomberg, Oct. 9, 2020–Alexandre TanziNearly 60 million Americans expect someone in their household will lose a job or take a pay cut in the next four weeks, according to survey …
Those Struggling with Housing Debt Less Likely to Vote–Study
Mortgage Professional America, Oct. 9, 2020–Ryan SmithPeople struggling to meet their housing costs are least likely to vote on Election Day, according to a new study from Apartment List.https://www.mpamag.com/news/those-struggling-with-housing-debt-less-likely-to-vote–study-235791.aspx
Hurricane Delta Puts 294K Gulf Coast Homes Worth $63B at Risk
National Mortgage News, Oct. 9, 2020–Paul Centopani (subscription)Making landfall as a Category 2 storm, Hurricane Delta’s surge is estimated to cause damage to 293,685 residential properties across Alabama, Louisiana, Mississippi …
In the Competitive Coronavirus Housing Market, This Loophole Is Making It Easier to Buy a House
Money, Oct. 9, 2020–Daniel BortzThe pandemic’s latest effect on the housing market could be a good one for borrowers: Fewer mortgages are requiring a home appraisal, which is making it …
The Biggest Threats First-Time Homebuyers Face Right Now
Forbes, Oct. 9, 2020–Natalie CampisiMany first-time homebuyers are battling dragons in today’s housing market: From shrinking credit availability to rising home prices, there’s no shortage of peril. (MBA mention)https://www.forbes.com/sites/advisor/2020/10/09/the-biggest-threats-first-time-homebuyers-face-right-now/#7e2a794e1551
Home Businesses May Violate Zoning Rules, Local Laws
UExpress, Oct. 9, 2020–Lew SichelmanBut whether you run a business out of your abode or just work there remotely, you should be aware that you could be breaking the law …