Yahoo! Finance, June 19, 2020–Dhara SinghThe Mortgage Bankers Association is advocating for even more aid, saying the government should offer a helping hand. “MBA believes it is necessary to support …
Category: Top National News
Commercial, Multifamily Mortgage Delinquencies in U.S. Remained Low in Q1
World Property Journal, June 19, 2020–Michael GerrityAccording to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report, commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of …
Even with Mortgage Assistance, 47% of Homeowners Have Considered Selling Their Home Due to the Pandemic
HousingWire, June 18, 2020–Julia FalconBecause of the pandemic, 52% of people said they are routinely concerned about making their mortgage payments and 47% said they have considered selling their home …
A Tidal Wave of Bankruptcies Is Coming
New York Times, June 18, 2020–Mary Williams WalshAnalysts foresee so many filings in the coming months that the courts could struggle to salvage the businesses that are worth saving.https://www.nytimes.com/2020/06/18/business/corporate-bankruptcy-coronavirus.html?campaign_id=2&emc=edit_th_20200619&instance_id=19488&nl=todaysheadlines®i_id=42063674&segment_id=31311&user_id=e670283fb4fff3d4391d6f88569ad498
How Has the Pandemic Affected Rent and Mortgage Payments?
New York Times, June 18, 2020–Michael KolomatskyResearch shows that the health crisis has forced more renters and homeowners to make late monthly payments, if they can pay at all.https://www.nytimes.com/2020/06/18/realestate/missed-rent-and-mortgage-payments-coronavirus.html
How to Boost Black Homeownership Rates
Orange County Register, May 18, 2020–Jeff LazersonZero-down mortgages, loan guarantees and approvals based on disposable cash could help African Americans build wealth. (MBA mention)https://www.ocregister.com/2020/06/18/how-to-boost-black-homeownership-rates/
CFPB’s Independence is on Trial. Other Regulators are Watching
American Banker, June 17, 2020–John Heltman (subscription)The Supreme Court is poised to decide the fate of the Consumer Financial Protection Bureau’s leadership structure, but the implications could reach far beyond …
As New York Reopens, Many of Its Hotel Rooms Look Closed for Good
Wall Street Journal, June 16, 2020–Peter Grant (subscription)The pandemic that hit New York’s hotel industry harder than any other U.S. lodging market is expected to leave thousands of rooms there …
Americans Skip Millions of Loan Payments as Coronavirus Takes Economic Toll
Wall Street Journal, June 18, 2020–AnnaMaria Andriotis (subscription)Americans have skipped payments on more than 100 million student loans, auto loans and other forms of debt since the coronavirus hit the …
Mortgage Performance Steady in Q1
MReport, June 17, 2020–Mike AlbaneseThe Office of the Comptroller of the Currency’s Mortgage Metrics Report for Q1 2020 found 96.5% of mortgages were current and performing at the end of …