Tuesday , 24 November 2020

Buzz Feed

The Election and Housing: What You Need to Know

There is no denying that 2020 has been an eventful year, with a pandemic, protests, natural disasters, and, of course, a historic presidential election. Now, the country holds its breath for one more day as the election comes to a close. The election outcome will undoubtedly impact every industry in the nation, and the housing … The post The Election …

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9.9 Million Expected to Miss Housing Payments

On the cusp of November, the United States Census Household Pulse Survey, which deploys real-time data on a range of ways in which people’s lives have been impacted by the COVID-19 pandemic, showed some 9.9 million Americans had little to no confidence that their household would be able to afford next month’s mortgage or rent … The post 9.9 Million …

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Zeta Intensifies ‘Record Breaking Hurricane Activity’

Analysts at CoreLogic, a property data collection company, revealed the ramifications of Hurricane Zeta. Specifically, the report highlighted the residential and commercial wind and storm surge loss estimates that resulted from the storm’s aftermath.  According to CoreLogic’s data, for Louisiana, Mississippi and Alabama, the insured wind losses for residential and commercial properties are estimated to be between $2.2 billion and $3.5 billion. As … The post Zeta Intensifies …

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Next Week Could be Crazy (Obviously); Fannie/Freddie Report Higher Profits; Forbearances Increasing or Just Reinstating?

Both GSEs reported financial results for the third quarter of 2020 that were significantly higher than both their Q2 2020 and their 2019 numbers . Fannie Mae’s net and its comprehensive incomes were $4.2 billion and Freddie Mac’s net and comprehensive incomes came in at $2.5 billion and $2.4 billion, respectively. Fannie Mae’s comprehensive income in the second quarter was …

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The Week Ahead: The FHA Offers CWCOT Guidance

Next week, on Wednesday, November 4, the FHA via a complimentary webinar will offer guidance on the Claims Without Conveyance of Title (CWCOT) program “in which the mortgagee attempts to secure a third-party purchaser for the mortgaged property so that conveyance to HUD is not required in exchange for mortgage insurance benefits,” according to an … The post The Week …

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How Fannie Mae Has Maintained Property Preservation Activities During COVID-19

Speaking at this week’s virtual 2020 National Property Preservation Conference, Jacob Williamson, VP for Single-Family Collateral Risk Management at Fannie Mae, offered insight into how the housing finance company has managed property preservation amid the COVID-19 pandemic.     When COVID-19 shelter-in-place protocols were introduced this year, vendors and servicers maintaining properties faced major challenges.   “We’ve observed a tremendous response by our property preservation vendors and our servicing partners to keep property preservation activities … The post How Fannie …

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DS5: ‘Leveraging Technology’ in the Housing Industry

In this week’s episode of DS5: Inside the Industry, the show is joined by Richard Ferguson, President of CBC Mortgage Company. Ferguson, who runs the company’s Chenoa Fund, discussed how his company is “leveraging technology,” especially during these quickly changing times.   The post DS5: ‘Leveraging Technology’ in the Housing Industry appeared first on DSNews.

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Forbearance Activity Tracker Shows Uptick

Forbearance activities rose by 1% this past week, says researchers at Black Knight, which tracks forbearances by the week. “We saw the number of mortgages in active forbearance rise by 31,000,” they said. “This increase was driven by limited extension and removal activity, along with an increase in forbearance starts. There were 50,000 forbearance removals … The post Forbearance Activity …

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