HousingWire, June 17, 2020–Alex RohaMay housing activity declined year over year “across the board” according to a report by Buildfax, a property condition data service provider. However, the report states …
Category: Top National News
More Than Half Of Home Sellers Willing To Accept A Lower Offer Price Amid COVID-19
National Mortgage Professional, June 17, 2020–Navi PersaudNearly 70% of home sellers are willing to accept a lower purchase price just to reach the closing point, according to a new LendingTree …
Mall of America Said to Miss Another Payment on Mortgage Debt
Bloomberg, June 16, 2020–John GittelsohnMinnesota’s Mall of America missed another payment on a $1.4 billion mortgage, putting the borrower more than 60 days delinquent, sources said.https://www.bloomberg.com/news/articles/2020-06-16/mall-of-america-said-to-miss-another-payment-on-mortgage-debt
Home Improvement Lending Heating Up During Pandemic
National Mortgage News, June 16, 2020–John Reosti (subscription)Shelter-in-place orders have given homeowners the time to pursue upgrades and repairs, and banks are seizing the opportunity to help finance the projects.https://www.nationalmortgagenews.com/news/home-improvement-lending-heating-up-during-pandemic
These Homeowners are Seeking Forbearance and their Reasons Why Say a Lot About the Economy
MarketWatch, June 16, 2020–Sanjiv DasMortgage lender CEO (Caliber Home Loans) shares his firm’s experience as borrowers grapple with the coronavirus pandemic and recession.https://www.marketwatch.com/story/these-homeowners-are-seeking-mortgage-forbearance-and-their-reasons-why-say-a-lot-about-the-economy-2020-06-16
JP Morgan to Advise Freddie Mac in Planned Recapitalization, Conservatorship Exit
Commercial Observer, June 15, 2020–Mack BurkeBanking giant J.P. Morgan Chase has been tapped by Freddie Mac to advise the government-backed mortgage behemoth on its recapitalization and planned exit from federal …
FHFA Identifies Supervisory Concerns at Two Federal Home Loan Banks
National Mortgage News, June 15, 2020–Hannah Lang (subscription)The Federal Housing Finance Agency identified several safety and soundness concerns with the Federal Home Loan Bank of Des Moines and the Federal …
Andrew Olmem, Deputy National Economic Council Director, to Leave White House
Wall Street Journal, June 15, 2020–Kate Davidson (subscription)A top White House economic official who played an important role in the Trump administration’s revamp of financial regulations is stepping down. Andrew …
3 in 10 Americans Missed their June Housing Payment–Study
Mortgage Professional America, June 12, 2020–Ryan SmithAmericans are feeling a high level of housing insecurity amid the COVID-19 pandemic despite its economic impacts beginning to soften, according to a new …
Senators Weigh Allowing Corporations to Accelerate Federal Tax Breaks in Next Coronavirus Bill
Washington Post, June 12, 2020–Jeff SteinSome members of the Senate Finance Committee are studying a proposal that would allow corporations to claim a bevy of federal tax credits in 2020 …