Mortgage Professional America, Sept. 25, 2020–Ryan SmithThe pace of improvement in the number of mortgages in active forbearance improved this week, according to new data from Black Knight.https://www.mpamag.com/news/improvement-in-forbearance-numbers-speeds-up–black-knight-234500.aspx
Category: Top National News
During the Pandemic, Policymakers Should Maintain Forbearance but Fix Its Costs
Urban Institute, Sept. 23, 2020–Michael Neal, Linna Zhu, Faith SchwartzThis brief notes while foreclosure moratoriums and institutional forbearance have indeed helped homeowners keep their homes, to date, but specific forbearance …
Mortgage Refinancing Boom Is Too Automated
Bloomberg, Sept. 25, 2020–Danielle DeMartino BoothThe Covid-19 pandemic has unleashed numerous unexpected economic consequences. One that has turned out to be good for the economy but could end up being …
Better.com Seeks to Ride Refinancing Wave to a $4 Billion Valuation
The Information, Sept. 23, 2020–Cory Weinberg (subscription)An online mortgage loan startup that has seen strong growth from the borrowing surge is now seeking new financing at a sharply higher valuation …
CFPB Missed Opportunity to Call Out Lending Discrimination, Critics Say
American Banker, Sept. 24, 2020–Kate Berry (subscription)The agency’s report on mortgage data submitted by lenders identified persistent disparities between white borrowers and minorities in denial rates and pricing. Some observers …
Florida Braces for a Storm of Homeowners Insurance Rate Hikes
Bloomberg, Sept. 24, 2020–James TarmyThe peculiar dynamics of reinsurance and climate have inched the state of Florida toward the precipice of an insurance disaster. Simply put, homeowners’ premiums are set …
Mortgage Holders Falling through Gaps in Safety Net
Houston Chronicle, Sept. 24, 2020–R.A. SchuetzMore than 1 million homeowners are at least 30 days behind on their mortgage payments despite aid from the CARES Act, a sign that the …
CRE Concerns Intensify as Stimulus Programs Expire
American Banker, Sept. 23, 2020–Jim Dobbs (subscription)Commercial real estate loans are vulnerable as financial assistance for tenants winds down and might not be fully renewed. Late rent payments could rise, …
Sterling in N.Y. Sheds Non-Performing Loans
National Mortgage News, Sept. 22, 2020–Jim Dobbs (subscription)The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on …
Refinancing Your Mortgage Is About to Get More Expensive
Wall Street Journal, Sept. 23, 2020–Katy McLaughlin (subscription)The Fannie Mae/Freddie Mac adverse market refinance fee will account for roughly a 1/8th of a percentage point rate increase on 30-year-fixed refinances, …