While COVID-19’s hardly at the root of housing challenges, the pandemic compounded them—a signal that another housing crisis can be expected for homeowners, renters, and rental property owners, according to a report from the Urban Institute. In the eye of ...
Read More »What Marcia Fudge’s Appointment Might Mean for HUD
Since President-elect Joe Biden nominated Ohio Rep. Marcia Fudge for Secretary of the Department of Housing and Urban Development (HUD), members of the housing industry, and Fudge herself, have reacted. Via Twitter, following the nomination, Fudge said, "This pandemic, the ...
Read More »What Shifts in Forbearance Rates Mean
Loans reportedly are evading forbearance, according to the most recent Forbearance and Call Volume Survey, which showed that the total number of loans currently in forbearance toppled from 5.54% of servicers' portfolio volume in the prior week to 5.48% as ...
Read More »Fannie Mae Upgrades Predictions for 2021 Housing Market, Economy
Many factors have contributed to Fannie Mae’s updated prediction for end-of-year and 2021 growth. Stronger-than-expected data coming in, positive vaccine developments, and increased talks of additional stimulus have helped keep the economy moving ahead. Originally forecasted at negative 2.5%, full-year ...
Read More »A Perfect Storm Could Push Back Economic Recovery
Editor's note: This story originally appeared in the December edition of DS News, available here. The COVID-19 pandemic and the related economic downturn have left the country in a state of great uncertainty. As the last quarter of 2020 ends, professionals across all industries are left wondering ...
Read More »For First Time Since Spring, Serious-Delinquency Rates Hold Steady
Data for September collected by analysts at CoreLogic showed 6.3% of mortgages in the United States are in some stage of delinquency (that includes loans in foreclosure). Compared to September 2019, the delinquency rate nationwide has increased by 2.5 percentage ...
Read More »Mnuchin Addresses GSEs and Conservatorship
The Treasury Secretary of the United States says Freddie Mac and Fannie Mae will remain government-sponsored throughout the remainder of Donald Trump's presidency, leaving President-elect Joseph Biden to decide the enterprises' fates. Wall Street Journal and Bloomberg report that the ...
Read More »Shoring Up the American Dream
Editor's note: This story originally appeared in the December edition of DS News. Dallas homeowner and military veteran Tommie Lee Morgan needed a new roof. One morning in October 2019, nearly two-dozen volunteers descended upon his home. By the time the ...
Read More »Pandemic-Related Issues Dominate Regulatory and Risk Concerns
The regulatory and risk factors created by the COVID-19 pandemic were the primary concerns of bank and credit union offices polled in Wolters Kluwer’s 2020 Regulatory & Risk Management Indicator survey. This year’s survey resulted in a Main Indicator Score ...
Read More »How Floods and Wildfires Will Impact 2021 Housing Market
Home prices have skyrocketed in 2020 because of high demand and low inventory. However, wildfires and floods have posed a risk to many areas of the United States. These natural disasters are likely to affect home prices in 2021 and ...
Read More »