Even in the face of a pandemic, elevated unemployment, and a general nationwide recession, home prices have surged, researchers recently reported. “Prices are defying logic, expectations, and even belief, as they shoot up to record highs amid an unprecedented health and economic crisis,” ...
Read More »COVID Relief’s ‘Unanticipated Side Effect’ in the MBS Market
While investors in mortgage-backed securities could be negatively impacted, sources from within several major banks defended the use of a loophole that could generate strong profits.
Read More »Industry Pulse: Compliance Technology Advancements and New Office Expansions
One company announced the addition of a "cutting-edge" compliance module, while a title company adds a new Chicago location in order to "support clients closer to home."
Read More »HUD Announces Further Guidelines for COVID-Relief Funds
HUD Secretary Dr. Benjamin Carson spotlighted new ways HUD is working with states and local governments to further assist vulnerable populations amid the ongoing COVID-19 outbreak. In an announcement this week, Carson provided guidance and additional flexibility to states and ...
Read More »FHA to Extend Foreclosure & Eviction Ban
This extends the ban until next year and covers the roughly 8.1 million homeowners with single-family mortgages insured by the FHA.
Read More »Mortgage Forbearance Pandemic Trends—Six Things to Know
The mortgage forbearance option in the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act offered relief to millions of homeowners during the COVID-19 pandemic. The 33.4 million with federally backed mortgages can request from their servicers a forbearance plan (with far less documentation of financial hardship than is usually required) allowing them to delay ...
Read More »California Moving Forward With State-Level CFPB
California legislators are pushing for the formation of a new watchdog agency to protect consumers from bad loans by “predatory lenders.” California Assembly member Monique Limón told National Public Radio (NPR) that since the COVID outbreak, consumer complaints about financial wrongdoing in her state are ...
Read More »White House Ripple Effects on Housing
The 2020 presidential race is pivotal for many reasons, including its implications for the housing industry, which often receives less attention on the campaign trail than other topics. Yet, as America faces a historic shortage of homes for sale, researchers at Realtor.com take a close look ...
Read More »Best Homes Title Agency Expands Midwest Footprint
Best Homes Title Agency (BHT), a provider of residential and commercial title insurance, announced the opening of their newest office location in Gateway Executive Park, at 1821 Walden Office Square Suite 400, Schaumburg, IL 60173. The newest location is set ...
Read More »HUD, White House Pen Op-Ed on ‘Defending Suburbs’
President Donald Trump and HUD Secretary Dr. Benjamin Carson co-authored an op-ed piece in the Wall Street Journal, addressing housing-industry talking points such as affordability, single-family zoning, opportunity zones, and the President's recent campaign press to "defend the suburbs." This ...
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