Multi-Housing News, April 6, 2021–Lew SichelmanThe Consumer Financial Protection Bureau estimates the number of residents behind on their rents will reach nearly 7 million by the end of June. https://www.multihousingnews.com/post/average-rent-due-to-pass-6k-minorities-feel-most-at-risk/
Category: Top National News
Real-Estate Losers in 2020, Like Hotel and Mall Owners, Starred in the First Quarter
Wall Street Journal, Apr. 6, 2021–Peter Grant (subscription)Real-estate investment trusts overall rose 9% during the three months, beating the S&P 500’s 6% gain, according to data-analytics firm Green Street. Fueling …
What Supreme Court’s Robocall Decision Means for Banks, Credit Unions
American Banker, Apr. 6, 2021–Kevin Wack (subscription)The 9-0 ruling markedly diminishes the threat of lawsuits involving automated calls and text messages to consumers.https://www.americanbanker.com/news/what-supreme-courts-robocall-decision-means-for-banks-credit-unions
Why Now is Not the Time for FHA Premium Cuts
HousingWire, Apr. 5, 2021–Brian Montgomery, Keith Becker, Michael MarshallThe authors, former HUD officials, said wWile it is tempting to consider cutting premiums at a time when many in our country …
CRE Loan Maturities Cushioned by Willing Lenders
Commercial Property Executive, Apr. 5, 2021–Siley Fleming“There’s a strong appetite for lenders to make loans right now,” said Jamie Woodwell, vice president of commercial real estate research for the Mortgage …
Senior Housing Wealth Tops $8 Trillion for First Time
Reverse Mortgage Daily, Apr. 4, 2021–Chris ClowHomeowners aged 62 and older saw their collective housing wealth increase in Q4 2020 by 3% compared to the previous quarter, an increase of …
The Mortgage Market Is Roaring, but Lots of People Can’t Get a Loan
Wall Street Journal, Apr. 2, 2021–Orla McCaffrey (subscription)The mortgage market is humming, but getting approved for a home loan is as difficult as it has been in years. Mortgage credit …
Vacation-Home Buyers Propped Up the Mortgage Market. Now They Face a Test
Wall Street Journal, Apr. 1, 2021–Ben Eisen, Andrew Ackerman (subscription)The number of buyers who locked in mortgage rates for second homes in February was up 93% from a year earlier, …
CFPB Rescinds Policy Statements To Ensure Industry Compliance With Consumer Protection Laws
National Mortgage Professional, Apr. 1, 2021–Navi PersaudWhen the COVID-19 pandemic initially hit, the Consumer Financial Protection Bureau issued a number of temporary flexibilities to financial institutions in consumer financial markets …
March Commercial Mortgage Performance Was Strongest in Nearly a Year
National Mortgage News, Apr. 1, 2021–Brad Finkelstein (subscription)Commercial and multifamily loan performance in March was its best in nearly one year, but there was a slight month-to-month uptick in payments …