PYMNTS.com, Sept. 28, 2020Many U.S. commercial properties have lost 25 percent or more of their value as the impact of the coronavirus has taken its toll on hotels, malls and …
Category: Top National News
Oversight Council Warns of Systemic Threat from Fannie, Freddie
National Mortgage News, Sept. 25, 2020–Hannah Lang (subscription)The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short …
Mortgage Rates are Near Record Lows, But Many American Will Struggle to Find a Lender Willing to Give Them a Home Loan
MarketWatch, Sept. 26, 2020–Jacob PassyFinding a mortgage lender who is willing to lend to you is a more difficult than it’s been in many years. A recent report from the …
U.S. Housing Boom Threatened by Short Supply of Homes to Buy
Bloomberg, Sept. 25, 2020–Prashant GopalThe U.S. housing market, which has been a bright spot in the pandemic-battered economy, is running out of fuel. With buyers eager to take advantage of …
Improvement in Forbearance Numbers Speeds Up–Black Knight
Mortgage Professional America, Sept. 25, 2020–Ryan SmithThe pace of improvement in the number of mortgages in active forbearance improved this week, according to new data from Black Knight.https://www.mpamag.com/news/improvement-in-forbearance-numbers-speeds-up–black-knight-234500.aspx
UWM’s Ishbia on the Rationale for Going Public via Merger over IPO
National Mortgage News, Sept. 25, 2020–Brad Finkelstein (subscription)Going public through a special-purpose acquisition company is “a more efficient, better process” than doing an initial public offering,” according to United Wholesale …
Sales Predicted To Stay Above Pre-Pandemic Levels Through The Coming Year
National Mortgage Professional, Sept. 25, 2020–Navi PersaudZillow’s latest Market Report predicts home sales will peak in the fall and then taper off in 2021 and stay above pre-pandemic levels.https://nationalmortgageprofessional.com/news/75928/sales-predicted-stay-above-pandemic-levels-through-coming-year
How A Latina Built A $33 Billion Mortgage Empire
Forbes, Sept. 25, 2020–Sean SalasPatty Arvielo, Co-Founder and President of New American Funding, is a first-generation Latina with 39 years of mortgage industry experience and a lifetime of dedication towards …
During the Pandemic, Policymakers Should Maintain Forbearance but Fix Its Costs
Urban Institute, Sept. 23, 2020–Michael Neal, Linna Zhu, Faith SchwartzThis brief notes while foreclosure moratoriums and institutional forbearance have indeed helped homeowners keep their homes, to date, but specific forbearance …
Mortgage Refinancing Boom Is Too Automated
Bloomberg, Sept. 25, 2020–Danielle DeMartino BoothThe Covid-19 pandemic has unleashed numerous unexpected economic consequences. One that has turned out to be good for the economy but could end up being …