DS News

DS News

Is COVID-19 Really Causing Migration to Suburbs?

Reports that COVID-19 is causing a migration from urban centers to suburbs abound, but are those stories entirely accurate? First American Chief Economist Mark Fleming recently revealed his insights regarding those rumors about pandemic-driven migration in America. Specifically, Fleming weighed in on whether or not the COVID-19 pandemic has really driven an acceleration in residents moving from … The post Is COVID-19 …

Read More »

FHFA Releases Mortgage Relief Data for July

Since 2008, when they entered FHFA conservatorship, Fannie Mae and Freddie Mac have completed a total of 4,916,088 foreclosure prevention actions. The FHFA this week published its latest numbers, which show that: The two GSEs completed 230,198 foreclosure prevention actions in July. Close to half of these actions are permanent loan modifications, FHFA reported. They … The post FHFA Releases …

Read More »

Gary Keller steps down as KW CEO

Austin, Texas-based Keller Williams (KW) has reorganized itself, executives say, by creating a new holding company structure. Effective immediately, Gary Keller has stepped down from his role as CEO. As president, Josh Team assumes all duties and responsibilities previously held by Keller. Keller Williams Realty will no longer have a CEO; however, Keller will become … The post Gary Keller …

Read More »

Banks Report: ‘Better-Than-Expected’ Q3 Results

The major banks this week reported Q3 returns. For top three U.S. banks—Bank of America, Wells Fargo, and Goldman Sachs—NASDAQ summarized that ” results were notably better than expected” but “mixed.” JPMorgan Chase also reported better financial performance than was expected, and less-than-expected losses. And Citigroup reported Q3 earnings that beat profit and revenue estimates. … The post Banks Report: …

Read More »

Resurrecting Zombie Homes

This story originally appeared in the October edition of DSNews, out now. A solid economic recovery and red-hot housing market helped drive the vacant “zombie” foreclosure rate to new lows in the first half of 2020, even as the coronavirus crisis threatens to trigger a resurgence in these vacant properties stuck in foreclosure limbo.  However, that trend quickly changed in the third … The post Resurrecting Zombie …

Read More »

Forbearance Programs Halt Foreclosures For Now

Foreclosures filings have dipped to all-time lows, and experts say that is due to the federal foreclosure moratorium. ATTOM Data Solutions, which collects and analyzes foreclosure data, released its Q3 2020 U.S. Foreclosure Market Report. It revealed a total of 27,016 U.S. properties with foreclosure filings including default notices, scheduled auctions or bank repossessions, in the … The post Forbearance Programs …

Read More »

Under Trump or Biden, GSE Reform Path is ‘Uncertain’

In September 2019, President Donald Trump and his administration initiated a process whereby Fannie Mae and Freddie Mac would exit conservatorship. Former Freddie Mac CEO Don Layton, now a Senior Industry Fellow at Harvard’s Joint Center for Housing Studies, says the White House waited too long to start and finish the entire process, which should … The post Under Trump …

Read More »

The Housing Market’s ‘Remarkable Comeback’

Even as businesses begin to reopen, the unemployment rate remains a cause for concern among economists. That makes for much fiscal uncertainty. But despite weakness in the labor market, the housing sector remains robust—it has been reported over the past couple weeks, and the Q3 forecast from Freddie Mac, published this week, reinforces as much: … The post The Housing …

Read More »