GSEs, FHA Extend Foreclosure/REO Eviction Moratoria
The government-sponsored enterprises and HUD yesterday announced they would extend foreclosure moratoria to all GSE-backed mortgages and FHA-backed mortgages, respectively and extend eviction moratoria through at least Dec. 31.
Initial Claims Dip But Hold Above 1 Million
Initial unemployment claims for the week ending Aug. 22 fell slightly from last week but remained above one million, as the economic recovery from the coronavirus pandemic continues to prove difficult.
Revised 2nd Quarter GDP No Real Improvement
After a stunning 32.9 percent plunge in 2nd quarter gross domestic product, analysts hoped yesterday’s revised numbers would paint a more optimistic picture. It didn’t.
Pending Home Sales Rise for 3rd Straight Month to 15-Year High
Pending home sales marked three consecutive months of growth in July, the National Association of Realtors reported yesterday, with all four major regions reporting gains in both month-over-month and year-over-year transactions.
