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California Moving Forward With State-Level CFPB

GSE loans

California legislators are pushing for the formation of a new watchdog agency to protect consumers from bad loans by “predatory lenders.”  California Assembly member Monique Limón told National Public Radio (NPR) that since the COVID outbreak, consumer complaints about financial wrongdoing in her state are ...

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Fannie Mae Economist: When Will Economy Bounce Back?

raining money credit risk

According to the latest commentary from the Fannie Mae Economic and Strategic Research Group, America’s economy is surprisingly poised to bounce back in the coming quarter. Although the U.S. economy experienced a setback in the second quarter, contracting by 32.9% ...

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White House Ripple Effects on Housing

The 2020 presidential race is pivotal for many reasons, including its implications for the housing industry, which often receives less attention on the campaign trail than other topics.    Yet, as America faces a historic shortage of homes for sale, researchers at Realtor.com take a close look ...

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HUD, White House Pen Op-Ed on ‘Defending Suburbs’ 

residential segregation in housing

President Donald Trump and HUD Secretary Dr. Benjamin Carson co-authored an op-ed piece in the Wall Street Journal, addressing housing-industry talking points such as affordability, single-family zoning, opportunity zones, and the President's recent campaign press to "defend the suburbs." This ...

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Mortgage-Loan Delinquency Rates: Q2 2020 Snapshot

foreclosure

There was a climb of 8.22% in the delinquency rate for mortgage loans on one-to four-unit residential properties of all loans outstanding at the conclusion of the second quarter, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. Researchers ...

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Almost 3 Million Homeowners May Not Qualify for COVID Relief

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 ...

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‘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, ...

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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.

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