Mortgage Professional America, May 3, 2021–David KitaiApartment List’s national rent report states that its national rent index increased 1.9% month over month in April, the largest monthly estimate ever since …
Category: Top National News
The Battle for 1042 Cutler Street
Washington Post, May 1, 2021–Eli SaslowIn the covid economy of 2021, the federal government has created an ongoing grace period for renters until at least July, banning all evictions in …
Non-QM’s Year Of Living Dangerously
National Mortgage Professional, May 3, 2021–Keith GriffinWith a year of hindsight, folks in the market space now know what they would do differently – from being less quick to cut …
New York Man Goes Over 20 Years Without Paying Mortgage, Evading Evictions Along the Way
Fox Business, May 1, 2021–Michael RuizA New York man has been avoiding eviction from his Long Island home for more than two decades after making only one mortgage payment and …
‘Zombie’ Mortgages Come Back to Haunt Property Owners after Great Recession
Kiplinger’s Personal Finance, April 30, 2021–H. Dennis BeaverA letter from a law firm arrives out of the blue, warning that you could lose your house over a mortgage you thought …
HUD Charges California Mortgage Modification Service with Discrimination
National Mortgage News, May 1, 2021– Bonnie Sinnock (subscription)A California company that advertised help for distressed mortgage borrowers engaged in discriminatory and illegal practices, HUD alleged on Friday.https://www.nationalmortgagenews.com/news/hud-charges-california-mortgage-modification-service-with-discrimination
Why are Complaints about Credit Bureaus Soaring?
American Banker, Apr. 30, 2021–Kate Berry (subscription)Some say Equifax, Experian and TransUnion are too slow to investigate grievances, prompting more complaints to the Consumer Financial Protection Bureau. But the big …
Fannie and Freddie Continued to Pump Originations in Q1
HousingWire, Apr. 30, 2021–Alex RohaAfter a record year of mortgage originations, the GSEs released their Q1 earnings for the year on Thursday and Friday, revealing that Fannie Mae and Freddie …
Many Black Homeowners Are Falling Further Behind on Their Mortgages
Wall Street Journal, May 2, 2021–Orla McCaffrey (subscription)The share of Black homeowners in forbearance stood at about 11% in mid-April, more than double the overall rate and that of white …
Biden Proposal Would Close Longtime Real-Estate Tax Loophole
Wall Street Journal, Apr. 29, 2021–Will Parker (subscription)President Biden’s new economic plan would eliminate a tax break for many real-estate owners that has enabled them to defer paying capital gains …