U.S. News and World Report, May 28, 2020Mortgage deferment and forbearance both allow you to put off mortgage payments, but the plans are structured differently, explains Sara Singhas, director of …
Category: Top National News
Low Mortgage Rates Increasingly Inaccessible for Poor Credit Score Borrowers
Bankrate.com, May 27, 2020–Mitch StrohmMortgage rates may be near multi-decade lows, but those favorable rates are becoming less accessible to borrowers with damaged credit. For many of those individuals loans …
Tenants Fear Mass Evictions as Moratoria Expire
The Hill, May 27, 2020–J. Edward MorenoAs the pandemic began to take a grip on the country in March, dozens of states passed eviction moratoriums that protect tenants from being …
Is the Mortgage Market Really Opening Up for Non-QM Borrowers?
National Mortgage News, May 27, 2020–Bonnie Sinnock (subscription)Economic uncertainty and the proliferation of coronavirus-related forbearance have complicated mortgage lending in general, but for borrowers with nontraditional income, it’s been particularly …
Mortgage Niche Showed Promise for Michigan Bank. Then Coronavirus Hit
American Banker, May 27, 2020–John Reosti (subscription)University Bancorp in Ann Arbor, Mich., shuttered its wholesale mortgage division a year after its launch when the pandemic made it virtually impossible to …
Distressed Real Estate Market Beckons Opportunistic Buyers
New York Times, May 26, 2020–Joe GoseInvestment firms are sitting on “a staggering amount of dry powder” as they wait for big property discounts brought on by the pandemic.https://www.nytimes.com/2020/05/26/business/distressed-commercial-real-esate-coronavirus.html
Capital Levels Are An Issue with Some, Not With Others
The Mortgage Leader, May 26, 2020At MBALive, a remote event put on by the Mortgage Bankers Association, FHFA Director Mark Calabria underscored a point he has made numerous times over …
What Ransomware Attacks on Vendors Mean for Banks
American Banker, May 26, 2020–Penny Crosman (subscription)Cybercriminals have targeted at least four financial services technology companies in recent months, potentially giving hackers back-door access to clients. Here’s how banks can …
Where Data Security Liability Ultimately Falls for Lenders
National Mortgage News, May 26, 2020–Paul Centopani (subscription)The shift to remote work seemingly overnight amid the coronavirus outbreak has meant that employees also swung from directly accessing legacy software to …
Hedge Fund Activist Is Shorting New York Office Stocks
Wall Street Journal, May 22, 2020–Esther Fung (subscription)Jonathan Litt’s hedge fund, Land & Buildings Investment Management, is taking short positions in Empire State Realty Trust, SL Green Realty and Vornado …