Washington Post, Nov. 30, 2020–Jim Parrott, Mark ZandiThe authors said lawmakers should not simply delay the moment of reckoning for families struggling to cover their housing costs, but help them …
Category: Top National News
Why Fannie Mae’s New Executive VP is Looking Long-Term
Mortgage Professional America, Nov. 25, 2020–David KitaiMichele Evans has spent her whole career in multifamily and has, in the past few months, reached a near pinnacle of that side of …
How Climate Change Could Spark the Next Home Mortgage Disaster
Politico, Nov. 30, 2020–Zack ColmanTaxpayers are backing more than a trillion dollars in home mortgages, but the agencies buying them are neglecting to consider climate risks.https://www.politico.com/news/2020/11/30/climate-change-mortgage-housing-environment-433721
High-Balance Loan Limits Soar to Record $822,375 in 2021
Orange County Register, Nov. 25, 2020–Jeff LazersonFor the second year in a row, mortgage caps have set a new record and are officially in the stratosphere, heading for the moon. …
Reducing Mortgage Defaults Starts with Beefing Up Housing
American Banker, Nov. 25, 2020–Tobias Peter (subscription)Even if the effects of COVID-19 do not result in a full-fledged housing recession, the current delinquency data warns us that unless federal home …
A New Housing Secretary Will Inherit an Affordability Crisis Deepened by the Pandemic
Marketplace (NPR), Nov. 24, 2020–Amy ScottOne thing this pandemic has revealed is just how critical housing is. Helping people stay in their homes will be at the top of the …
Yellen at Treasury Could Rescusitate Fed’s Loan Programs
National Mortgage News, Nov. 24, 2020–Hannah Lang (subscription)The Trump administration has compelled the Federal Reserve to shut down the Main Street Lending Program and other facilities that aid banks’ pandemic …
A Record 19.4 Million Homeowners Can Now Save Big on a Mortgage Refinance…
CNBC, Nov. 24, 2020–Diana OlickWith the latest record low of 2.72% on Freddie Mac’s weekly 30-year fixed average, the number of “high-quality” mortgage refinance candidates jumped to 19.4 million, according …
Closing the Gaps: Building Black Wealth through Homeownership
Urban Institute, Nov. 23, 2020–Alanna McCargo, Jung Hyun ChoiThis report reviews the critical role housing equity plays in building wealth for Black families, reviews the historical factors that have contributed …
Millions of Americans Expect to Lose Their Homes as Covid Rages
Bloomberg, Nov. 23, 2020–Alexandre TanziMillions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S.About …