About 30-40 million American homeowners and renters face foreclosure or bankruptcy and loss of housing when protective moratoria expire December 31, studies show. The global nonprofit Habitat for Humanity is demanding that Congress return to Washington D.C. as soon as ...
Read More »Uncertainty Presents Risk to Mortgage Investors
The uncertainty of the presidential election—however long that lasts—is bound to incite interest rate volatility, something that presents a peril to the mortgage-backed securities (MBS) market, according to Christopher Maloney, a market strategist and former portfolio manager who writes for ...
Read More »‘Shaky’ Economy Hasn’t Slowed Rise in Home Equity
Of the 58.9 million mortgaged homes in the United States, 16.7 million considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was less than 50% of their estimated market value, according to ATTOM Data Solutions' ...
Read More »High-Cost Housing Creates Obstacles for Older Generation
A generation's desire to "age-in-place" has created a need for officials and policymakers at local levels to assess how well they are meeting the needs of homeowners at this life stage, according to a collaborative study by Harvard Joint Center ...
Read More »The Politics of Housing: Market Metrics Across the Nation
Experts in the housing industry have offered varied opinions about the election outcome—which, at the time of publication, is uncertain—and how it might impact the housing market, lenders, and property owners. Financial Times posted an Election Day report about how ...
Read More »9.9 Million Americans May Miss Housing Payments
On the cusp of November, the United States Census Household Pulse Survey, which deploys real-time data on a range of ways in which people’s lives have been impacted by the COVID-19 pandemic, showed some 9.9 million Americans had little to ...
Read More »The Week Ahead: The FHA Offers CWCOT Guidance
Next week, on Wednesday, November 4, the FHA via a complimentary webinar will offer guidance on the Claims Without Conveyance of Title (CWCOT) program "in which the mortgagee attempts to secure a third-party purchaser for the mortgaged property so that ...
Read More »DS5: ‘Leveraging Technology’ in the Housing Industry
In this week's episode of DS5: Inside the Industry, the show is joined by Richard Ferguson, President of CBC Mortgage Company. Ferguson, who runs the company's Chenoa Fund, discussed how his company is "leveraging technology," especially during these quickly changing times. ...
Read More »Forbearance Activity Tracker Shows Uptick
Forbearance activities rose by 1% this past week, says researchers at Black Knight, which tracks forbearances by the week. "We saw the number of mortgages in active forbearance rise by 31,000," they said. "This increase was driven by limited extension ...
Read More »A Snapshot of FHFA’s Affordable Housing Goals
The FHFA released its Annual Housing Report Friday. It outlines Freddie Mac's and Fannie Mae's 2019 affordable housing activities, fulfilling a requirement of 1992's Safety and Soundness Act, and more. To put it all in context, the report showed that ...
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