DS News

DS News

FHA Announces COVID-19 Forbearance Request Extension

The Federal Housing Administration (FHA) and U.S. Department of Housing and Urban Development (HUD) today announced it is extending the date for single family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer to defer their mortgage payments for up to six months. Homeowners experiencing a financial hardship as a result … The post FHA Announces …

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Residential Construction Reflects ‘Record-High Builder Optimism’

The U.S. Census Bureau released its construction statistics for September, recording a 1.9% increase in housing starts compared to August. Single-family residential starts rose 8.5% over the month to 1.1 million annualized units, a level not seen since 2007. Realtor.com’s Chief Economist George George Ratiu credits “record-high builder optimism” and a “strong wave of buyer demand” … The post Residential Construction …

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DS5: Housing Forecasts & the State of Foreclosure Auctions

In this week’s DS5: Inside the Industry, Auction.com’s VP of Market Economics, Daren Blomquist, shares his thoughts on where housing is headed and what effects the health crisis is having on foreclosure auctions. The post DS5: Housing Forecasts & the State of Foreclosure Auctions appeared first on DSNews.

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Director Discusses FHFA’s ‘Swift’ COVID-19 Response

FHFA Director Mark Calabria spoke Monday at a virtual event, where his session focused on the agency’s current priorities. Calabria used his allotted time at a Mortgage Bankers Association (MBA) event to outline steps the FHFA has taken to protect borrowers and renters during the COVID-19 pandemic. He also announced a new FHFA rule, which, … The post Director Discusses …

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New-Home Construction in Areas at Risk of Wildfire

According to data related to wildfires, new homes continue to be constructed in high risk areas. Cape Analytics used artificial intelligence to analyze wide swaths of geospatial imagery to help insurers and other companies better understand properties and property risk, the company reported. “We wanted to explore exactly how much sprawl there has been in … The post New-Home Construction …

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Former Fannie Mae CEO James A. Johnson Dies at 76

James A. Johnson, who served as CEO of Fannie Mae from 1991 to 1998 and was a Democratic campaign operative, died on Sunday, Oct. 18 at the age of 76. His son, Alfred, told The Washington Post and Wall Street Journal that he passed away due to complications from a neurological condition at his home … The post Former Fannie …

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Q3 Foreclosure Starts Have Decreased Most in These Cities

While foreclosure starts are down to the lowest levels since 2008, the impact of a national health crisis and related foreclosure moratoria is different for various parts of the country. ATTOM Data Solutions, which published a September and Q3 2020 U.S. Foreclosure Market Report showing foreclosure filings down 12% from Q2 2020 and down 81% … The post Q3 Foreclosure …

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Millions Missed Housing Payments Last Month

In estimating how much distress the COVID-19 crisis has brought upon homeowners, the Mortgage Banker’s Association (MBA) determined, via its Research Institute for Housing America (RIHA), that some 6 million households missed rent or mortgage payments in September. Though the percent of homeowners and renters behind on their payments in Q3 decreased slightly from Q2, … The post Millions Missed …

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