A recent Redfin report reveals findings from the real estate experts’ survey covering Americans’ feelings regarding how their local governments handled the pandemic. The survey was given to more than 3,000 U.S. residents during the month of October. According to ...
Read More »FHFA Approves Forbearance-Program Extension
To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) announced in a press release Thursday an extension of a temporary policy that allows for the purchase of some single-family mortgages in forbearance that meet eligibility criteria set ...
Read More »Anticipating 2021’s Ups and Downs
This story originally appeared in the November edition of DS News. With more than 30 years’ mortgage industry experience, William J. Tessar joined CIVIC Financial Services in March 2017. He previously founded and served as President of three mortgage companies resulting ...
Read More »30-Day Delinquencies at Lowest Rate Since 1979
A survey published Tuesday by the Mortgage Bankers Association (MBA) showed that among mortgage loans on one-to-four-unit residential properties, delinquencies decreased to a seasonally adjusted rate of 7.65% of all loans outstanding at the end of this year's Q3. For ...
Read More »The ‘Unclear’ Future of the Community Reinvestment Act
A primary goal of 1977's Community Reinvestment Act (CRA) was to reverse the effects of redlining, a practice by which the federal government and banks actively avoided lending to borrowers from lower-income and minority neighborhoods. Some housing advocates believe pending ...
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 »FHA Proposes Private Flood Insurance for Single-Family Mortgages
A new rule would allow a private flood insurance option instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by FHA.
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 »FHA Proposes Private Flood Insurance for Single-Family Mortgages
The Federal Housing Administration (FHA) today published a proposed rule on its website that would allow a private flood insurance option instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by FHA. In September, the ...
Read More »Health Crisis Makes Digital Readiness a Priority
Editor's note: This story originally appeared in the November edition of DSNews, out now. Innovation and disruption are the core tenets of the technology industry. However, in 2020, the entire world was disrupted by a novel coronavirus, the fifth global tragedy ...
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