The seeming disconnect between the economic tumult created by the COVID-19 pandemic and the record-high levels for the Dow Jones Industrial Average and the S&P 500 Index can be explained when held up against the performance of the mortgage market, ...
Read More »Forbearance Volumes Change Course
After falling by 273,000 or 9% over the past two weeks, forbearance volumes edged upward this week. Data collected by Black Knight through November 17 showed that about 5.2% of all active mortgage loans nationwide are in forbearance programs—that's about ...
Read More »Social Welfare Group Pushes for Immediate Pro-Housing Policy
Housing equality—along with vanquishing systemic barriers and the creation of additional homes—is front and center for a campaign called Up for Growth Action, a 501(c)(4) federal pro-housing legislative advocacy campaign pushing for pro-housing policies at the federal level, according to ...
Read More »The Industry Pulse: Leadership, Acquisitions, and Partnerships
Minneapolis-based Bell Bank has hired Jesse Schwab as EVP/Chief Risk Officer, with oversight of all non-credit related risk management for Bell Bank and its divisions. “We’re excited to have Jesse join our growing Bell team,” said Michael Solberg, Bell’s president and CEO. “His experience in this arena will help us implement additional risk management processes and policies. ...
Read More »COVID-19 Vaccine Could Help Boost Urban Real Estate
CNN Business recently posted a report covering the possibilities of how a COVID-19 vaccine could directly affect the real estate market. According to real estate and economy experts, the arrival of a vaccine could really begin to turn the market ...
Read More »The American Housing Industry’s Biggest Challenges
Historically low interest rates and sustained strength in numerous economic sectors have helped jump the for-sale housing market this year. However, the housing industry is bearing a particularly harsh brunt of COVID-19—especially in terms of a scarcity of affordable rental ...
Read More »FHFA Announces Milestone Toward Ending Conservatorships
The Federal Housing Finance Agency (FHFA) released a final rule to the Federal Register for publication today that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac, also known as the Enterprises. The final rule makes changes ...
Read More »Forbearances vs. Natural Disasters: Lessons in Damage Mitigation
The forbearance rate during the early part of the COVID-19 pandemic was roughly identical to the rate recorded during the devastating 2017 hurricane season that ravaged regions throughout the Gulf Coast and Atlantic Coast, according to new research published by ...
Read More »Homeowners Drawn to Western States Despite Risk
The historic wildfire season that left thousands of homes destroyed and millions of acres burned in the western states is likely to be reprised in the coming years with increased levels of wildfire destruction, according to a new study released ...
Read More »The Importance of Communicating With Struggling Borrowers
Editor's note: This story originally appeared in the November edition of DS News. Mortgage forbearance is still a reality for many borrowers and servicers, more than six months after the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) took effect on March 27. Under the CARES Act, mortgage ...
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