National Mortgage News, June 8, 2020–Hannah Lang (subscription)Housing experts are increasingly concerned that the Federal Housing Finance Agency’s new proposal to require ample amounts of more capital for Fannie Mae …
Category: Top National News
Cleveland Is a House-Flipping Hot Spot, and Covid Adds Fuel
Wall Street Journal, June 8, 2020–Ryan Dezember (subscription)The pandemic has stoked demand among investors, who were already buying more than one of every 10 homes sold in the U.S. They …
Freddie Mac And Fannie Mae To Leave Government Scrutiny: What Can Mortgage Borrowers Expect
Forbes, June 8, 2020–Dima Williams“[First-time homebuyers] are a segment of the market that US policy has always wanted to help,” says Michael Fratantoni, chief economist at the Mortgage Bankers Association. …
Trump Open to Another Coronavirus Relief Package: White House
Reuters, June 8, 2020–Steve HollandPresident Donald Trump is open to another economic relief package in response to the coronavirus pandemic and remains in favor of a payroll tax holiday, White …
How Minority Homeownership Can Help in the Fight Against Systemic Racism in America
Mortgage Professional America, June 8, 2020–Clayton JarvisConcerned mortgage professionals should already have a target in their sights: a black homeownership rate that is no better today than it was before …
The Coronavirus Pandemic’s Looming Credit Crisis
USA Today, June 8, 2020–Rebecca SteeleThe author, president and CEO of the National Foundation for Credit Counseling, says widespread unemployment and economic hardships from COVID-19 could create a credit crisis …
COVID-19 May Delay Meaningful GSE Reform
GlobeSt.com, June 5, 2020–Ryan TarinelliThe economic shock triggered by the COVID-19 pandemic has lowered the chance of meaningful GSE reform over the next couple of years, according to Fitch Ratings.https://www.globest.com/2020/06/05/covid-19-may-delay-meaningful-gse-reform/?
Government’s Mortgage Bailout Tally Shrinks for the First Time Since the Coronavirus Hit
CBNC, June 8, 2020–Diana OlickThe number of borrowers in both government and private-label mortgage forbearance programs dropped by 34,000 last week, Black Knight reported. This is the first drop since …
Borrowed Time: Climate Change Threatens U.S. Mortgage Market
Politico, June 8, 2020–Zack Colman, Katy O’DonnellViolent storms and sunny-day flooding are on the rise, and more houses are being built on at-risk land. But fewer people are buying federally …
COVID-19 May Delay Meaningful GSE Reform
GlobeSt.com, June 5, 2020–Ryan TarinelliThe economic shock triggered by the COVID-19 pandemic has lowered the chance of meaningful GSE reform over the next couple of years, according to Fitch Ratings.https://www.globest.com/2020/06/05/covid-19-may-delay-meaningful-gse-reform/?