The Hill, Sept. 3, 2020–Sylvan LaneBut the eviction ban is a groundbreaking test of the CDC’s power that experts say will undoubtedly prompt several legal challenges. And advocates for both …
Category: Top National News
PIMCO Warns Releasing Fannie, Freddie Could Imperil Housing Finance
HousingWire, Sept. 2, 2020–Kathleen HowleyBond giant PIMCO, one of the biggest buyers of Fannie Mae and Freddie Mac mortgage-backed securities, warned on Monday that ending the federal conservatorship of the …
Macy’s Posts $431 Million Loss as Stores Continue Recovery
Wall Street Journal, Sept. 2, 2020–Charity L. Scott (subscription)Macy’s reported a loss of $431 million for the latest quarter, even as sales continued to recover from temporary store closures spurred …
COVID Impacting U.S. Commercial, Multifamily Mortgage Delinquencies in Varied Ways
World Property Journal, Sept. 2, 2020–Michael GerrityAccording to 2 new reports released by the Mortgage Bankers Association, delinquency rates of mortgages backed by commercial and multifamily properties reveal the various …
‘Extraordinary’ Move by CDC to Stop Evictions Draws Heavy Criticism from Housing Industry and Tenant Advocates
CNBC, Sept. 2, 2020–Diana Olick“If tenants are unable to pay their rent, then millions of our nation’s housing providers – many of whom are individual landlords and small business owners …
Trump Administration Issues Sweeping Eviction Ban
The Hill, Sept. 1, 2020–Sylvan LaneThe Trump administration issued an order Tuesday banning landlords from evicting tenants from properties they can no longer afford to rent due to income lost …
Congressional Investigation Finds Over $1 Billion in PPP Fraud
NBC News, Sept. 1, 2020–Ben PopkenMore than $1 billion in emergency coronavirus aid relief went to companies who “double dipped” and received multiple Paycheck Protection Program loans, in violation of …
Pandemic Onset Did Not Cause Delinquency Spike–CFPB
Mortgage Professional America, Sept. 1, 2020–Ryan SmithConsumers didn’t experience significant increases in delinquency or other negative credit outcomes following the onset of the COVID-19 pandemic, according to a new report …
U.S. Homeowners Regret Taking Out New Mortgages in 2020
The Street.com, Sept. 1, 2020–Brian O’ConnellLendEDU is out with a new report that shows way too many new U.S. homeowners regretting taking out a new mortgage during the coronavirus pandemic. …
Hurricane Laura Wallops Areas with High Mortgage Delinquency Rates
HousingWire, Aug. 31, 2020–James KleimannInsurers will have to fork over billions of dollars to pay for damage that property owners incurred from Hurricane Laura last week.https://www.housingwire.com/articles/hurricane-laura-wallops-areas-with-high-mortgage-delinquency-rates/