The Coronavirus Aid, Relief, and Economic Security (CARES) Act offered 12 months mortgage forbearance for COVID-19-impacted borrowers with federally backed residential mortgages—that's about 70% of all 48 million American homeowners with a mortgage. But what about the other 30%. Karan Kaul, Senior Research ...
Read More »‘Dramatic Bounce Back’ Indicated in July Housing Health Report
Despite the coronavirus pandemic, housing activity keeps advancing, researchers say. Analysts say the growth, despite COVID's persistence, “indicates underlying consumer demand.” According to the BuildFax Housing Health Report for July, published this week, single-family housing authorizations continue to rise substantially month over month. In addition, they said, ...
Read More »The Week Ahead: A Look at Housing Market Health
BuildFax will release its July Monthly Housing Health Report, using "U.S property condition and history data to provide insights into macro and microeconomics trends affecting the U.S. housing market." Here's what else is happening in The Week Ahead.
Read More »How Many Mortgages Are Now in Forbearance?
The ongoing COVID-19 pandemic and expiration of expanded unemployment benefits continue to represent significant uncertainty for the weeks ahead, according to researchers.
Read More »HUD Grants State, Local Officials Receive More Fund-Spending Flexibility
A new announcement by U.S. Department of Housing and Urban Development (HUD) Secretary Dr. Benjamin Carson revealed an array of new flexibilities states and local government can use their Community Development Block Grant (CDBG-CV) funds, as well as other federal ...
Read More »Industry Reaction: Fannie and Freddie’s Adverse Market Fee
Both supporters and critics are weighing in on the “adverse market fee” or "market condition credit fee" introduced by the GSEs last week, under the authorization of the FHFA.
Read More »HUD’s Carson Provides Opportunity Zone Updates
While visiting Florida, the Secretary of HUD said that "the Opportunity Zone initiative elevates our Nation’s once forgotten communities from economic distress to flourishing areas with new hope and promise."
Read More »Lowest Unemployment Rate in Months, Continuing Gradual Recovery
Though jobless claims continue to drop, America is still a long way from pre-pandemic numbers. A pair of housing market economists weigh in.
Read More »How COVID-19 Is Driving Migration Trends
Americans are relocating for pandemic-related reasons. A new report reveals where movers are headed and what cities they are leaving.
Read More »The Industry Pulse: Changes at Five Star, ATTOM, Home Point
Get the latest on new hirings and promotions, emerging tech solutions, and more. Here's what's happening in the Industry Pulse.
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