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 »Housing-Starts Increase ‘May Soon Pause’
The U.S. Census Bureau released its construction statistics for October—which shows permits, starts, and completions—recorded a 4.9% increase in housing starts in October compared to September. Fannie Mae's Chief Economist Doug Duncan points out that the increase was driven by single-family housing ...
Read More »Smaller-Scale Property Investors Feel Mounting Fiscal Pressure
Smaller-scale landlords report feeling increasing pressure due to the COVID-19 pandemic and related forbearance plans and eviction moratoria. A co-study by Urban Institute and Avail, a platform that periodically surveys its landlords and tenants, showed 35.2% of the surveyed property ...
Read More »Households ‘Reasonably Well-Positioned’ to Handle Economic Downturn
The near-future state of the U.S. economy is predicated on how policymakers and the public respond to the increasing number of COVID-19 cases, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. The ESR ...
Read More »Will Suburban Migration Continue?
The arrival of the pandemic to America has caused numerous trends to appear in the housing industry, among which include increased demand for housing away from the big cities. A recent report posted by the National Association of Home Builders ...
Read More »Extensions Account for Most Forbearance Activity
The Mortgage Bankers Association's (MBA) reported this week that the number of loans in forbearance dropped last week, marking the 11th week in a row of decreases. MBA estimates that as of November 8 2.7 million homeowners are in active ...
Read More »Back to the Future With California’s Regulatory Reforms
California takes a time machine to the era of Dodd-Frank reform with its Department of Financial Protection and Innovation. Editor's note: this piece previously appeared in the November printed edition of DS News.
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