CNN Business, Aug. 19, 2020–Jordan ValinskyThe report, sent to Congress this week and compiled by Trepp, shows that the percentage of hotel loans 30 or more days delinquent is 23.4% …
Category: Top National News
A Troubling Tale of a Black Man Trying to Refinance His Mortgage
CNBC, Aug. 19, 2020–Diana OlickAkili Akridge had all the right stats: a steady six-figure salary, an 800 FICO credit score, and 20% equity in a home. He experienced firsthand the …
How are Homeowners Coping with the Coronavirus Economy? The Mortgage Market is Giving Clues
MarketWatch, Aug. 19, 2020–Sanjiv DasThe author, with Caliber Home Loans, says the decline in mortgage forbearance applications is a positive sign.https://www.marketwatch.com/story/how-are-homeowners-coping-with-the-coronavirus-economy-the-mortgage-market-is-giving-clues-2020-08-19
Struggling Businesses Push Commercial Real Estate Into the Red
Fox13 (Tampa), Aug. 19, 2020–Briona ArradondoNearly one in four hotel owners have fallen behind on paying their debts since COVID-19 reached pandemic levels. Now, commercial real estate owners and managers …
Loans For 1st-Time Homebuyers See Record Delinquencies
NPR, Aug. 18, 2020–Chris ArnoldFHA mortgages are a path to homeownership for many lower-income, minority and first-time homebuyers. But many are clearly in financial trouble. The Mortgage Bankers Association says …
Across American Cities, Evictions are Down
Bloomberg, Aug. 18, 2020–Kriston CappsBelow-average evictions during the pandemic suggest a housing crisis might look different than a projected “tsunami.”https://www.bloomberg.com/news/articles/2020-08-18/u-s-evictions-are-down-during-the-coronavirus-pandemic?srnd=premium
Six Facts You Should Know about Current Mortgage Forbearances
Urban Institue, Aug. 18, 2020–Jung Hyun Choi, Daniel PangTimely data on forbearance since the pandemic began, provided by the Mortgage Bankers Association, Black Knight and the US Census Bureau, reveal …
Want to Flee the City for Suburbia? Think Again
New York Times, Aug. 17, 2020–Annalee NewitzThe 20th century offers object lessons in why fleeing cities for suburban and exurban settings can backfire — even if it seems like a …
MBA: Second-Quarter Mortgage Delinquency Rate Highest in Nine Years
MortgageOrb, Aug. 17, 2020–Michael BatesAccording to the Mortgage Bankers Association’s National Delinquency Survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of …
More Industry Groups Express Outrage at New GSE Refi Fee
Mortage Professional America, Aug. 17, 2020–Ryan SmithMore industry groups – and even the White House – have joined the chorus of condemnation following the FHFA’s surprise announcement last week that …