Friday , 25 September 2020

MReport

MReport

New Data Show COVID’s Impact on Homeowners Vs. Renters

The coronavirus pandemic continues to wreak havoc on housing payments, as a new data study released by Clever Real Estate found nearly half of homeowners who missed mortgage payments this year reported being at least $2,000 behind on their mortgage while more than half are in a paycheck-to-paycheck lifestyle. In a survey of 1,500 adults … The post New Data …

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Waters Calls for Examination of Disparate Impact Rule

Suggesting that the new rule could make it more difficult to prove cases of housing discrimination, Waters said, “Disparate impact claims have been critical to holding industry and private actors accountable for the discriminatory impacts of their policies and practices.” The post Waters Calls for Examination of Disparate Impact Rule appeared first on theMReport.com.

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Economists on Freddie Mac’s Latest Primary Mortgage Market Summary

The 30-year fixed-rate mortgage (FRM) averaged 2.90%, according to the result of Freddie Mac’s Primary Mortgage Market Survey (PMMS). It averaged 0.9 point for the week ending sept 24—a bounce from last week’s average of 2.87%. The 30-year FRM averaged 3.64% at the same time a year ago. Meantime, the 15-year fixed-rate mortgage averaged 2.40% … The post Economists on …

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Black, Hispanic Rental-Home Investors Face Disproportionate Financial Risk

Several reports have identified the needs of renters amid a nationwide pandemic. Now information is beginning to emerge  related to its impact on investors. In fact, a new Urban Institute report by Research Fellows Laurie Goodman and Jung Hyun Choi indicates that not only do Black and Hispanic rental investors face increasing economic struggles due to COVID-19, … The post Black, Hispanic …

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2020 Presidential Candidates Stances on Housing-Related Issues

With election day looming, the Chief Economist and VP at LendingTree, Tendayi Kapfidze, published a detailed list of the presidential candidates’ stances and actions as they relate to housing issues. “Although housing isn’t one of the hottest topics on the campaign trail, the outcome of the election could have a profound impact on the housing … The post 2020 Presidential …

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iBuying Transactions to be Brokered In-House at Zillow

Zillow, which heretofore has turned to brokerage partners to represent it in home purchases, has announced it will begin using its own agents in the booming iBuying department. In streamlining this operation by way of Zillow Offers, Zillow promises to make homebuying transactions smoother. Zillow said it will implement the new practice in January for … The post iBuying Transactions …

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More Mortgage Applications in Face of Increased Rates

New mortgage applications increased 6.8% this week from one week prior, according to the Mortgage Bankers Association (MBA) Weekly Survey analyzing mortgage activity. Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting says mortgage applications activity continued a strong showing last week even though 30-year fixed-rate mortgage and 15-year fixed-rate mortgage increased to … The post More Mortgage …

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