Fitch Ratings, Chicago, said while U.S. title insurer revenues will likely decrease in 2020 from pressure on both the residential and commercial real estate markets as they continue to grapple with the fallout from the ongoing coronavirus pandemic, after a strong 2019, capitalization levels will likely be adequate.
Category: News and Trends
FHFA, FHA Extend Foreclosure/Eviction Moratorium to Aug. 31
The Federal Housing Finance Agency and HUD announced Fannie Mae, Freddie Mac and FHA will extend their single-family moratorium on foreclosures and evictions until at least August 31.
MBA: 1Q Commercial, Multifamily Mortgage Delinquencies Remain Low
Commercial and multifamily mortgage delinquencies remained low at the end of the first quarter, the Mortgage Bankers Association said this morning in its first quarter Commercial/Multifamily Delinquency Report.
May Housing Starts Post Modest Increase
HUD and the Census Bureau yesterday reported May housing starts improved by 4.3 percent, stopping a two-month freefall in the wake of the coronavirus pandemic.
Investors Remain Optimistic About Real Estate
Real estate advisory firm Hodes Weill & Assocs., New York, said investors remain optimistic about real estate despite an expected near-term slowdown in investment activity.
Richard Ferguson: Preserving Down Payment Options in a Disruptive Market
There is no downplaying the destruction the COVID-19 pandemic has had on our economy and the financial lives of millions of Americans. But it is also threatening the up-and-coming generation of home buyers, particularly minorities.
Dealmaker: Love Funding Closes $31M for Multifamily, Nursing Properties
Love Funding, Washington, D.C., closed $31.1 million for multifamily and nursing properties in Tennessee and Missouri.
Record-Low Interest Rates Spur Mortgage Applications in MBA Weekly Survey
Mortgage applications increased for the second straight week–and purchase applications increased for the ninth consecutive week–as key interest rates fell to record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 12.
NAMMBA Town Hall: The COLOR of COVID June 19
NAMMBA hosts a special state of the industry town hall series, The COLOR of COVID, this Friday, June 19, from 1:00-4:00 p.m. ET.
Homeownership Month Roundtable: How Lenders are Adapting to Shifting Sands
June is Homeownership Month in a year unlike any other. MBA NewsLink asked executives of four lenders to discuss how the coronavirus has affected their business and what they are doing to adapt and succeed.