Forbes, Mar. 21, 2020–Dima WilliamsSecretary Ben Carson urged mortgage borrowers struggling financially due to the coronavirus to contact their loan providers and seek forbearance. Carson spoke Saturday during the White …
Category: Top National News
Did Non-QM Just Disappear from the Market?
HousingWire, Mar. 22, 2020–Sarah WheelerThe latest victim of the coronavirus might be non-QM lending. After seeing an increase in activity over the last two years, a number of wholesale lenders …
Coronavirus Recession Looms, Its Course ‘Unrecognizable’
New York Times, Mar. 21, 2020–Nelson D. Schwartz The American economy is facing a plunge into uncharted waters. Economists say there is little doubt that the nation is headed into …
Servicing Your Loan Can Be Tough
UExpress, Mar. 20, 2020–Lew SichelmanThere are at least three things in life you cannot choose: your parents, your neighbors and the company that administers your mortgage.https://www.uexpress.com/housing-scene/2020/3/20/servicing-your-loan-can-be-tough
Trump: Federal Student Loan Borrowers Can Suspend Payments for 60 Days
Politico, Mar. 20, 2020President Donald Trump announced Friday that the Education Department would not enforce federal rules on standardized testing for K-12 schools and would allow federal student loan borrowers …
Relief for Underwater Homeowners Will Be Different This Time, Lenders Say
American Banker, Mar. 19, 2020–Kevin Wack (subscription)The mortgage industry is insisting that this time will be different. Borrowers who can’t afford their monthly payments as a result of the COVID-19 …
Homeowners are Getting Federal Mortgage Relief, But Renters Aren’t So Lucky
Washington Post, Mar. 20, 2020–Renae Merle Mortgage servicers have already begun to see an uptick in borrowers seeking help and could quickly become swamped, said Bob Broeksmit, president of the …
One-Third of the Lower 48 Face Risk of Flooding This Spring, Weather Service Says
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 …
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. …