National Mortgage News, Aug. 06, 2021–Brad Finkelstein (subscription)Lodging and retail mortgages showed significant performance improvement in July and while office loan late payments are higher relative to the past, lease …
Category: Top National News
Waters Calls for More FHA Loan Foreclosure Protections
National Mortgage News, Aug. 9, 2021–Bonnie Sinnock (subscription)House Financial Services Committee Chair Maxine Waters, D-Calif., issued two letters late last week that urged federal agencies to provide more buffers against …
Database Helps Servicers, Borrowers Assess Weather Risk
DS News, Aug. 3, 2021–Christina Hughes BabbMortgage lenders and financial servicers who are better prepared for climate-related disaster are positioned to anticipate and accelerate local economic recovery and protect homeowners, …
America’s Housing Debt Balloons
Axios, Aug. 3, 2021–Courtenay BrownAmericans collectively owe over $10 trillion for their homes — and a sizable share of that balance (44%) originated in the past year.https://www.axios.com/american-homeowners-debt-trillions-18b8f94e-61cc-43eb-a184-74f961e5d396.html
Legal Battle Looms Over New Eviction Moratorium
Wall Street Journal, Aug. 4, 2021–Brent Kendall (subscription)The Biden administration’s latest eviction moratorium is set to face an immediate and possibly fast-moving legal challenge that could present high hurdles for …
Household Spending Rose in June, Before Delta Variant Upswing
Wall Street Journal, July 30, 2021–Amara Omeokwe (subscription)U.S. household spending bounced back in June as consumers shelled out more on services at the start of the summer, but a current …
Billions in Rental Aid Unspent With Evictions Poised to Resume
Washington Post, July 30, 2021–Jonathan O’Connell, Anu Narayanswamy, Rachel Siegel, Alyssa FowersThousands of Americans have been shortchanged by a yawning disconnect between two well-meaning policies lawmakers passed in response to …
Racial Gap in Mortgages Widened By Pandemic, Morgan Stanley Says
Bloomberg, July 29, 2021–Mary BiekertThe report said minority borrowers are disproportionately hit by tighter credit and that agencies could mitigate disparity by disclosing denials.https://www.bloomberg.com/news/articles/2021-07-29/racial-gap-in-mortgages-widened-by-pandemic-morgan-stanley-says?srnd=premium
Freddie Mac Posts $3.7B in Net Income for Q2 2021
HousingWire, July 29, 2021–Georgia KromreiFreddie Mac reported $3.7 billion in net income in the second quarter of 2021, exceeding each of the previous four quarters.https://www.housingwire.com/articles/freddie-mac-posts-3-7b-in-net-income-for-q2-2021/
Multifamily Leads Growth in Mortgage Debt Outstanding in Q1 2021
Multi-Housing News, July 29, 2021–Jamie WoodwellMBA Vice President of Commercial Research & Economics says the COVID-19 pandemic since last March has impacted the various property types and capital sources in …