Tuesday , 27 October 2020

MReport

MReport

What are the Best Small Cities in America?

The suburbs are seeing a recent boom as city dwellers are beginning to search elsewhere to settle down. As city growth is starting to slow down–in part because of the pandemic and individuals having more flexibility to work from anywhere–cities with smaller populations are likely to become more trendy.  An analysis from WalletHub examined 1,200 … The post What are …

Read More »

Mortgage Payment Extension Announced

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 Mortgage Payment …

Read More »

FHA Updates Forbearance Deadline

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 Updates …

Read More »

CFPB Issues Final Rule on Extending the GSE Patch

The Consumer Financial Protection Bureau (Bureau) issued a final rule that will extend the Government-Sponsored Enterprise (GSE) Patch until the mandatory compliance date of a final rule amending the General Qualified Mortgage (QM) loan definition in Regulation Z. The GSE Patch had been slated to expire on Jan. 10, 2021. The CFPB announced that it … The post CFPB Issues …

Read More »

‘Strong Wave of Buyer Demand’ Drives Rising Residential Construction

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 ‘Strong Wave …

Read More »

DS5: Housing Market Forecasts for 2021

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. In his role, Daren Blomquist analyzes and forecasts complex macro- and microeconomic data trends within the marketplace and greater industry to provide … The post DS5: Housing …

Read More »

Civil Rights Icon Offers CEOs Advice to Uplift Communities

MBA’s annual convention and expo included a general session on Monday, Oct. 19 about “Diversity, Equity and Inclusion,” which featured prominent guest speakers. Ambassador Andrew J. Young discussed topics such as his background as a Civil Rights activist in the 1960s and the impact of race relations on the economy. Young is a former U.S. … The post Civil Rights …

Read More »

Going the Extra Mile

Editor’s note: this piece originally appeared in the October edition of MReport. In a highly cyclical industry known for having a high turnover rate, finding the right fit between lenders and loan officers has never been easy. Few loan officers end their careers with the same lender they started with, and even the biggest lenders … The post Going the …

Read More »