The uncertainty of the presidential election—however long that lasts—is bound to incite interest rate volatility, something that presents a peril to the mortgage-backed securities (MBS) market, according to Christopher Maloney, a market strategist and former portfolio manager who writes for ...
Read More »‘Shaky’ Economy Hasn’t Slowed Rise in Home Equity
Of the 58.9 million mortgaged homes in the United States, 16.7 million considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was less than 50% of their estimated market value, according to ATTOM Data Solutions' ...
Read More »NAHB Files Lawsuit Opposing CDC Moratorium
The National Association of Home Builders (NAHB) is spearheading a legal challenge that questions the authority of the U.S. Centers for Disease Control and Prevention (CDC) to enact a moratorium on evictions. The NAHB is teaming with the Pacific Legal Foundation, Skyworks Ltd., Cedarwood Village ...
Read More »Foreclosures and Evictions Could Derail a Recovery
While the results of last night’s presidential election remain too close to call, a leading political science academic is warning that the January 2021 occupant of the White House will be forced to deal with the greatest foreclosure and eviction ...
Read More »Digital Transactions: A Matter of Business Survival
In the midst of the pandemic and economic turmoil, seamless digital transactions will be at the epicenter of business survival, according to a study by the Economist Intelligence and Transunion. Whether companies thrive or fold will hang on providing consumers ...
Read More »High-Cost Housing Creates Obstacles for Older Generation
A generation's desire to "age-in-place" has created a need for officials and policymakers at local levels to assess how well they are meeting the needs of homeowners at this life stage, according to a collaborative study by Harvard Joint Center ...
Read More »Economist Predicts Foreclosure Wave Will Crash Down in 2021
A leading economist is warning that this year’s booming housing market will soon give way to a rising tide of foreclosures that will submerge many homeowners in the coming year. In an opinion piece published on Bloomberg, Michael R. Strain, the ...
Read More »The Industry Pulse: Appointments and Promotions
Primary Residential Mortgage, Inc. (PRMI) announced the newest addition to its executive leadership team. Lorin Knudson has accepted the role of SVP of Servicing. Knudson was a Loan Officer for PRMI before he took the lead of its Loan Servicing Department over eight ...
Read More »The Politics of Housing: Market Metrics Across the Nation
Experts in the housing industry have offered varied opinions about the election outcome—which, at the time of publication, is uncertain—and how it might impact the housing market, lenders, and property owners. Financial Times posted an Election Day report about how ...
Read More »The Election and Housing: What You Need to Know
There is no denying that 2020 has been an eventful year, with a pandemic, protests, natural disasters, and, of course, a historic presidential election. Now, the country holds its breath for one more day as the election comes to a ...
Read More »