According to new data released by Redfin, the economic trauma inflicted during the COVID-19 pandemic has taken a more severe toll on renters than homeowners. In a survey of more than 3,000 adults conducted from October 7-15, Redfin found 30% ...
Read More »FHFA Releases Foreclosure-Prevention Report
The government-sponsored enterprises (GSEs) completed 166,942 foreclosure prevention actions in August, according to new data from the Federal Housing Finance Agency (FHFA). Fannie Mae and Freddie Mac performed 3,599 permanent loan modifications in August, with 23% of these transactions being ...
Read More »Real Estate Investment Loans Pose Higher Fraud Risk
Mortgage application fraud risk was up on a quarterly basis while a suburban New York market emerged as the nation’s leading market for mortgage fraud risk, according to new data from CoreLogic. The CoreLogic National Mortgage Application Fraud Risk Index ...
Read More »Missed Payments, Financial Stress Straining Investors & Landlords
More than one-third of landlords have not received 100% of rent payments during September, according to new data released by the Urban Institute and Avail, a property management platform. In an October survey of 1,381 landlords who own rental properties, ...
Read More »Affordable Housing Impact: Proposed Property Tax Struck Down
A referendum to change how California enacts property taxes, which some argued would address California's housing affordability issues, was defeated by the state’s voters. Proposition 15 was designed to create a split-roll property tax system in California, with commercial properties ...
Read More »NAHB Files Lawsuit Opposing CDC Moratorium
The National Association of Home Builders (NAHB) is spearheading a legal challenge that questions the authority of the U.S. Centers for Disease Control and Prevention (CDC) to enact a moratorium on evictions. The NAHB is teaming with the Pacific Legal Foundation, Skyworks Ltd., Cedarwood Village ...
Read More »Foreclosures and Evictions Could Derail a Recovery
While the results of last night’s presidential election remain too close to call, a leading political science academic is warning that the January 2021 occupant of the White House will be forced to deal with the greatest foreclosure and eviction ...
Read More »Economist Predicts Foreclosure Wave Will Crash Down in 2021
A leading economist is warning that this year’s booming housing market will soon give way to a rising tide of foreclosures that will submerge many homeowners in the coming year. In an opinion piece published on Bloomberg, Michael R. Strain, the ...
Read More »Fannie Mae and Freddie Mac Announce Q3 Earnings
The government-sponsored enterprises (GSEs) recorded increases in their respective comprehensive and net income levels in their newly released third quarter earnings reports. Fannie Mae posted a net income of $4.2 billion in the third quarter, up from $2.5 billion in ...
Read More »Should CFPB Reorganize ‘Just Weeks Before an Election’?
U.S. Sen. Sherrod Brown (D-Ohio), the ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, has called on Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger to delay the proposed reorganization of the agency’s Division of Supervision, ...
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