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 …
Category: Top National News
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 …
California’s ‘Mini-CFPB’ is Back in Play. Banks Aren’t Happy
American Banker, Aug. 14, 2020–Kate Berry (subscription)A proposal to expand consumer protections in the state was added to a budget bill after being dropped in June. Financial institutions say the …
Home Depot Braced for Covid Pain—Then Americans Remodeled
Wall Street Journal, Aug. 16, 2020–Sarah Nassauer (subscription)After lobbying to be open, the big box scrambled to meet demand. Old benchmarks don’t apply, says CEO Craig Menear: ‘None of that …
Lawmakers Want Inquiry into Report that OCC Halted Redlining Probes
National Mortgage News, Aug. 14, 2020–Neil Haggerty (subscription)Senate Democrats asked a watchdog to examine whether the bank regulator failed to investigate claims of discrimination against at least six banks.https://www.nationalmortgagenews.com/news/lawmakers-want-inquiry-into-report-that-occ-halted-redlining-probes