Tuesday , 27 October 2020

Buzz Feed

States at Highest Risk of Economic Strain From COVID-19

Historically high levels of foreclosures witnessed during the Great Recession aren’t likely, but “the number of defaults will increase once the foreclosure moratoria have lifted,” experts predict. Here are the areas most likely to be impacted. The post States at Highest Risk of Economic Strain From COVID-19 appeared first on DSNews.

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‘Relentless’ Storm Season Puts 300,000 More Homes in Danger

Hundreds of thousands of homes are at risk of storm surge destruction by Hurricane Delta. That is based on information coming in Wednesday evening from the National Hurricane Center, which projected Category 2 status at landfall, and data from CoreLogic, a property data and analysis firm. CoreLogic’s Risk Analysis estimated 293,685 single-family and multifamily homes … The post ‘Relentless’ Storm …

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Refi Application Volume Recovers From Last Week’s Loss; Are Rates Really at an All-Time Low?

The Mortgage Bankers Association (MBA) said the volume of purchase mortgage applications declined for a second week but refinancing more than recovered from last week’s 7 percent loss. MBA’s Market Composite Index, a measure of mortgage loan application volume, increased 4.6 percent on a seasonally adjusted basis during the week ended October 2 and was 5 percent higher than the …

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Outreach Could Help About 400,000 ‘Needlessly Delinquent’ Borrowers

Although the CARES Act has made it possible for homeowners to defer mortgage payments for up to a year, some 400,000 borrowers are not taking advantage of these forbearance programs and have thus become delinquent, estimates the Urban Institute. “To take advantage of forbearance, borrowers need only attest to the fact that they have a … The post Outreach Could …

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‘Good Time to Sell’ Sentiment Climbing

Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 3.5 points in September to 81.0. That’s the second consecutive month of increase, showing a rebound from late spring continuing. Three of six HPSI components increased month-over-month, and consumers reported a “substantially more optimistic view of home-selling conditions, expected home price growth, and the labor market, but … The post ‘Good Time …

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How Pre-Election ‘Stress and Uncertainty’ Might Influence the Market

Traditionally, Presidential elections have not made much of a difference in the housing market. This one could be more impactful, according to a survey from Redfin. That said, most insiders do not believe that, in the long term, it will significantly impact the market, although COVID-19-related issues could. We expect home sales to continue to … The post How Pre-Election …

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HUD Awards $4 Million for Disabled Veterans’ Housing

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) announced $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP), a program designed to create more-accessible homes for disabled veterans. The VHRMP was formed in order to “explore the potential benefits of awarding … The post HUD Awards …

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