Thursday , 1 October 2020

Around The Web

How Pandemic Has Affected Mortgage Delinquencies

Nearly 11 million households fell behind on their mortgage and rent payments during the first three months of the COVID-19 pandemic, according to a new report published to the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA). The report, titled “Housing-Related Financial Distress During the Pandemic,” culled previously unpublished data from the Understanding … The post How Pandemic …

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Eviction Moratorium Attracts Lawsuits

Early this month the CDC ordered a halt on foreclosures and evictions through the end of 2020. At the time, some pundits predicted resistance, which is occurring in the form of lawsuits, reported the Davis Brown Law Firm on its blog. According to the site, the legality of the CDC’s order has been in question … The post Eviction Moratorium …

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New Housing Report Reveals ‘Continued Recovery’

GSE Fannie Mae reported last week that it expects third-quarter real gross domestic product (GDP) to grow at an annualized pace of 30.4%, an increase from its August forecast of 27.2%. For full-year 2020, Fannie expects a 2.6% contraction, an improvement from last month’s forecast of a 3.1% decline. “While the pace of economic growth … The post New Housing …

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Fewer Homes Being Flipped, But Profits Are Up; Forbearances Keep Shrinking

One out of every 15 home sales in the second quarter of the year were defined as “flips” by ATTOM Data Solutions. A flip is any arms-length transaction that occurred in the quarter where a previous arms-length transaction on the same property had occurred within the last 12 months. ATTOM’s second quarter report on flipping says 53,621 single-family homes and …

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Announcing Laurie A. Maggiano Legacy Award Finalists

In a year of challenges, it’s all the more important to recognize excellence. One way we do this at MReport is our annual September Women in Housing issue. Packed with content driven by female mortgage leaders, within this edition we also announced the 2020 Keystone Award finalists. The post Announcing Laurie A. Maggiano Legacy Award Finalists appeared first on DSNews.

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Construction Slows after Three Busy Months; Rates Vary Widely–Nothing To Do With Fed

Residential construction activity took a breather in August. The U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that all three measures, housing permits, starts, and completions, were lower than their unexpectedly high July rates. Permits for residential construction were issued during the month at a seasonally adjusted annual rate of 1,470,000. This is down …

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The Week Ahead: Government Hearings on COVID-19 Response

Next week, both the House and the Senate will be turning their attention to industry and government response to the ongoing COVID-19 pandemic. Here’s what else is happening in The Week Ahead. The post The Week Ahead: Government Hearings on COVID-19 Response appeared first on DSNews.

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