NBC News, Oct. 1, 2020–Gretchen MorgensonThe letters also indicate that the bank didn’t know how many customers had been affected by its practice of placing them in so-called forbearance programs, …
Category: Top National News
Mortgage Rates Fall as Demand for Home Loans Rises
Washington Post, Oct. 1, 2020–Michele LernerMortgage rates fell as growing demand for home loans continue to strain lenders’ capacity to process them. The average for a 30-year fixed-rate mortgage reached …
With Evictions Looming, Cities Revisit a Housing Experiment From the ’70s
New York Times, Oct. 1, 2020–Clyde HabermanAs a housing crisis set off by the Covid-19 pandemic has put low-income tenants at risk of eviction, a counterintuitive proposal to help renters …
These Cities Are Most at Risk of Being in a Housing Bubble
Barrons (Wall Street Journal), Oct. 1, 2020–Shaina MishkinHome prices have been by and large resilient in the face of a historic pandemic—but some markets remain at risk of a housing …
Mortgage Demand Falls Nearly 5%, Even as Interest Rates Set Another Record Low
CNBC, Sept. 30, 2020–Diana OlickTotal mortgage application volume fell 4.8% last week from the previous week, according to the Mortgage Bankers Association. Mortgage applications to purchase a home fell 2% …
Community Bankers Adopt Bunker Mentality as Pandemic Drags On
American Banker, Sept. 30, 2020–Paul Davis (subscription)A survey conducted by the Conference of State Bank Supervisors found that concerns about operating conditions have led a large percentage of small banks …
Diverse? Yes. But are U.S. Suburbs Actually Integrated?
Bloomberg, Sept. 30, 2020–Kriston Capps, Laura BlissAn exchange during the first presidential debate exposes what we misunderstand about American housing segregation.https://www.bloomberg.com/news/articles/2020-09-30/what-biden-and-trump-got-wrong-about-the-suburbs?srnd=premium
Rate of Defects in Mortgage Applications Continues to Fall
MortgageOrb, Sept. 30, 2020–Michael BatesThe rate of defects in mortgage applications continued to decrease in August, due mostly to the fact that applications for refinances made up a greater share …
Proptech Funding May See Big Dip in 2020
HousingWire, Sept. 30, 2020–John EganU.S. proptech funding will likely fall this year to its lowest level since 2016, but should rebound in 2021, a new forecast indicates.https://www.housingwire.com/articles/proptech-funding-may-see-big-dip-in-2020/
Forgery Allegations Leveled at Mortgage Lender by DoJ
National Mortgage News, Sept. 30, 2020–Bonnie Sinnock (subscription)The accusations against Nutter Home Loans, like an earlier settlement with the Department of Housing and Urban Development, center on concerns related to …