Washington Post, Mar. 19, 2020–Matthew CappucciA third of the United States is at risk of flooding this spring, including 23 states and 128 million Americans. That’s according to the spring …
Category: Top National News
New York Will Waive Mortgage Payments For 90 Days Based On Financial Hardship
NPR, Mar. 19, 2020–Merrit KennedyNew York Gov. Andrew Cuomo said the state will waive mortgage payments for the next 90 days, based on financial hardship, due to the impacts of …
REITs Aren’t Dead
DS News, Mar. 19, 2020–Seth WelbornAs the role of non-bank lenders has shifted in the past few years, regulators are considered allowing further growth for these mortgage institutions and REITs. …
MBA’s Bob Broeksmit on What Lenders Need to Know Now to Conduct Business
HousingWire, Mar. 19, 2020–Brena Nath, Alcynna LloydThe Mortgage Bankers Association is working in overdrive right now to serve as a first line of defense for the industry. The coronavirus continues …
Calabria Delays GSE Capital Rules, Citing COVID-19 Crisis
HousingWire, Mar. 18, 2020–Kathleen HowleyFederal Housing Finance Agency Director Mark Calabria said on Wednesday the COVID-19 pandemic will cause him to postpone the release of the capital proposal for Fannie …
Consumers Face a Massive Credit Crunch. Lenders Are Still Figuring Out What To Do
Wall Street Journal, Mar. 19, 2020–AnnaMaria Andriotis, Ben Eisen (subscription)U.S. consumers are facing what could become the biggest credit crunch since the Great Depression. Lenders and credit-reporting firms aren’t sure …
Racing to Head Off Evictions and Foreclosures
New York Times, Mar. 19, 2020–Conor Dougherty, Matthew Goldstein, Emily FlitterMembers of the Mortgage Bankers Association, a trade group, and other housing-industry figures began telling White House officials this week …
Hotel Industry Seeks $150B Bailout as Marriott Begins Furloughs
The Real Deal, Mar. 18, 2020The hotel industry is coming to White House hat in hand as the coronavirus pandemic has chilled global travel. The American hospitality industry asked the …
Small Mortgage Companies Seek Suspension of Tighter GSE Requirements
National Mortgage News, Mar. 18, 2020–Bonnie Sinnock (subscription)https://www.nationalmortgagenews.com/news/small-mortgage-companies-seek-suspension-of-tighter-gse-requirements
As Homeowners Wait Out Coronavirus, Some Rush to Refinance
Wall Street Journal, Mar. 18, 2020–Katy McLaughlin (subscription)In these tough times, a rare silver lining has come in the form of mortgage refinancings—an effect of the stock market sell off …