Wall Street Journal, June 18, 2021–Andrew Ackerman (subscription)The Federal Housing Administration is relaxing the way it assesses student-loan debt when weighing eligibility for homebuying assistance as the Biden administration pushes …
Category: Top National News
FHFA Beats Drum for Conservatorship Exit
HousingWire, June 17, 2021–Georgia KromreiThe Federal Housing Finance Agency still wants to beef up its capital reserves and end conservatorship, but don’t count on that happening anytime soon.https://www.housingwire.com/articles/fhfa-beats-drum-for-conservatorship-exit/
U.S. Home Buying and Refinancing Boom Boosted Mortgage Lending in 2020
Reuters, June 17, 2021–Jonnelle MarteMortgage lending surged last year after the pandemic fueled a housing boom driven by low interest rates and the shift to work from home, according to …
Homeowners are Doing Great. Shareholders are Doing Even Better
Washington Post, June 16, 2021–Allan SloanIf you want evidence that U.S. houses are soaring in value, take a look at some new numbers from the Federal Reserve. They show that …
Yellen Says U.S. Economy Well on the Way to Post-Covid Recovery
Bloomberg, June 16, 2021–Christopher CondonTreasury Secretary Janet Yellen said the U.S. is “well on the way” to a strong recovery from the Covid-19 pandemic, and urged lawmakers to turn to …
Expert Insight: ‘Homeownership Can Be Affordable Housing’
M Report, June 15, 2021–Christina Hughes BabbBy writing policy that prioritizes Americans’ access to homeownership, lawmakers could address both the affordable home shortage and the racial wealth gap, Urban Institute …
Commercial Mortgage Debt Outstanding Rises in 1Q as Pandemic Wanes
National Mortgage News, June 15, 2021–Brad Finkelstein (subscription)There was a 1.1% increase in commercial and multifamily mortgage debt outstanding during the first quarter, but the majority was from the housing …
Hotel Industry Emerges from Pandemic with New Business Model, Possibly Fewer Workers
Washington Post, June 14, 2021–Eli RosenbergAs Americans travel more, they are encountering a hotel industry that has undergone dramatic transformations and might never return to its pre-pandemic business model.https://www.washingtonpost.com/business/2021/06/11/hotel-workers-reduced-cleaning/
Missed Housing Payments Pile on for Homeowners, Renters
First Tuesday Journal, June 14, 2021–Carrie B. Reyes7.7% of U.S. non-subsidized rental households were one or more payments behind on rent, according to the Mortgage Bankers Association. While this is …
Mortgage Insurers’ Delinquent Inventory Shrinking Faster than Expected
National Mortgage News, June 11, 2021–Brad Finkelstein (subscription)Delinquent loan inventories, bloated by coronavirus forbearances, shrunk more than expected for private mortgage insurers in May, as the U.S. economic recovery continues.https://www.nationalmortgagenews.com/news/mortgage-insurers-delinquent-inventory-shrinking-faster-than-expected