New York Times, Aug. 27, 2020–Michael KolomatskyNearly six months into the pandemic, the share of American homeowners and renters who have missed or been late with their monthly housing payments …
Category: Top National News
Meadows Predicts No Stimulus Bill Until End of September
Bloomberg, Aug. 26, 2020–Erik Wasson, Justin SinkWhite House Chief of Staff Mark Meadows predicted there will be no stimulus deal with Congress until the end of September. “If we got …
Fannie Mae, Freddie Mac Will Delay Controversial Refinance Fee
MarketWatch, Aug. 26, 2020–Jacob PassyThe Federal Housing Finance Agency has instructed Fannie Mae and Freddie Mac to hold off on the implementation of a new fee that is aimed at …
Major Real Estate Website Now Shows Flood Risk. Should They All?
NPR, Aug. 26, 2020–Rebecca Hersher, Lauren SommerRealtor.com has become the first site to disclose information about a home’s flood risk, and how climate change could increase that risk in the …
Mortgage Insurer MGIC Is a Cheap Housing Play
Wall Street Journal, Aug. 25, 2020–Telis DemosThe home-lending business is in for a wild ride this year. Mortgage insurers such as MGIC Investment Corp. may offer a surprising place to …
80% of Economists See a Chance of a Double-Dip Recession
HousingWire, Aug. 24, 2020–Kathleen HowleyNearly 80% of economists say there’s at least a one-in-four chance of a double-dip recession, following a record 32.9% plunge in GDP in the second quarter, …
Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This?
Wall Street Journal, Apr. 25, 2020–Orla McCaffrey (subscription)New forms are showing up in some borrowers’ paperwork when they close on their home loan. Lenders are asking them to confirm that …
Real Estate Investors Skip Paying Loans While Raising Millions
Bloomberg, Aug. 24, 2020–John GittelsohnSome of the largest real estate investors are walking away from debt on bad property deals, even as they raise billions of dollars for new opportunities …
When Not Foreclosing Causes More Damage to Neighborhoods
National Mortgage News, Aug. 21, 2020–Daren Blomquist (subscription)The author, with Auction.com, says while allowing vacant or abandoned properties to continue through the foreclosure process is one coronavirus crisis housing policy …