Bloomberg, Oct. 7, 2020–Christopher Maloney“That has been one of the most surprising aspects of this entire episode,” Mike Fratantoni, MBA senior vice president and chief economist, said in an interview …
Category: Top National News

Here’s What’s Different About Getting a Mortgage Now
CNN Business, Oct. 7, 2020–Anna BahneyMortgage lenders are on track to have a big year in 2020. But getting a mortgage now is a little different than it was before …

How Affordable Housing Is Gaining Ground in Pandemic
Washington Post, Oct. 7, 2020–Feargus O’SullivanMonths of lockdowns during the pandemic have set the stage for a rethink of where people live, how much they pay – and who provides …

‘Super-Bonkers’: Refinancing Keeps Wisconsin Housing Industry Busy Through Small Dip in Sales
Green Bay Press-Gazette, Oct. 6, 2020–Jeff BollierSales may have flattened out, but real estate agents and industry officials say there’s nothing soft about the current housing market, calling it “busy,” …

Mortgages in Forbearance Decline in Last Week of September
Banker & Tradesman, Oct. 6, 2020The share of mortgages in forbearance continued to decline in the last week of September, according to the latest report from the Mortgage Bankers Association. …

Private-Sector Hiring and Job Openings Fall in August as U.S. Economic Recovery Slows
MarketWatch, Oct. 6, 2020–Jeffry BartashHiring and job openings in the private sector fell in August in a sign the U.S. labor market was cooling off as an economic recovery lost …

U.S. Trade Deficit Jumps to Largest in 14 Years in August
Reuters, Oct. 6, 2020–Dan BurnsThe U.S. trade deficit surged in August to the largest in 14 years with imports climbing again, suggesting that trade could be a drag on economic …

The Surprising Future of Mortgage Technology
HousingWire, Oct. 6, 2020–Joe CamerieriMortgage Cadence CEO says industry has the technology today to move data seamlessly between systems and to validate it electronically; “Now is the time to put …

Study Finds Millennials Struggle With Down Payments And Low Savings
National Mortgage Professional, Oct. 6, 2020–Navi PersaudThe housing market has continued to see an influx of buyers despite the COVID-19 pandemic thanks to low interest rates However, a study conducted …

Commercial Property Foreclosures Are Poised to Rise as Covid-19 Lingers
Wall Street Journal, Oct. 6, 2020–Konrad Putzier (subscription)Many lenders now expect the pandemic and its aftereffects to persist for a long time. As forbearance periods expire, more lenders are going …