DSNews, May 6, 2021–Eric C. PeckThe Mortgage Bankers Association’s Research Institute for Housing America found that slightly under five million households did not make their rent or mortgage payments in …
Category: Top National News
Fannie and Freddie Set Dates for their New Refi Option
HousingWire, May 5, 2021–Alex RohaThe Federal Housing Finance Agency didn’t have a set date for its new refi option targeted to low-income borrowers when it announced the program last week. …
Get Ready To Duck And Cover
National Mortgage Professional, May 5, 2021–Tyna-Minet AndersonA more “aggressive” CFPB is not just something that compliance professionals are warning about — it is a term that the Consumer Financial Protection …
Federal Judge Vacates CDC’s Nationwide Eviction Moratorium
Washington Post, May 5, 2021–Kyle SwensonIn a ruling that could have a tremendous impact on millions of Americans, a federal judge in Washington D.C. on Wednesday ruled that the Centers …
Complaints About Mortgage Servicers are Soaring as Millions of Americans Still Can’t Make Their Monthly Payment
MarketWatch, May 5, 2021–Jacob PassyAlthough the economy has shown significant signs of improvement in 2021 thus far, many homeowners continue to face financial challenges. A new report from the Consumer …
Derby’s Take: Fed’s Williams Flags Potency of Mortgage Bond Buying
Wall Street Journal, May 4, 2021–Michael S. Derby (subscription)The housing market is on fire across the U.S., so why is the Federal Reserve still offering support to that part of …
The National Rental Market Has Recovered from COVID-19–with a Catch
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 …
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 …