Tuesday , 24 November 2020

Buzz Feed

Forbearance Programs Halt Foreclosures For Now

Foreclosures filings have dipped to all-time lows, and experts say that is due to the federal foreclosure moratorium. ATTOM Data Solutions, which collects and analyzes foreclosure data, released its Q3 2020 U.S. Foreclosure Market Report. It revealed a total of 27,016 U.S. properties with foreclosure filings including default notices, scheduled auctions or bank repossessions, in the … The post Forbearance Programs …

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Under Trump or Biden, GSE Reform Path is ‘Uncertain’

In September 2019, President Donald Trump and his administration initiated a process whereby Fannie Mae and Freddie Mac would exit conservatorship. Former Freddie Mac CEO Don Layton, now a Senior Industry Fellow at Harvard’s Joint Center for Housing Studies, says the White House waited too long to start and finish the entire process, which should … The post Under Trump …

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The Housing Market’s ‘Remarkable Comeback’

Even as businesses begin to reopen, the unemployment rate remains a cause for concern among economists. That makes for much fiscal uncertainty. But despite weakness in the labor market, the housing sector remains robust—it has been reported over the past couple weeks, and the Q3 forecast from Freddie Mac, published this week, reinforces as much: … The post The Housing …

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Mortgage Rates Hit Record Lows but Applications Fell Flat; Maybe Rates Aren’t Exactly at Record Lows?

The volume of mortgage applications dipped slightly last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was down 0.7 percent on a seasonally adjusted basis during the week ended October 9 and was 1 percent lower on an unadjusted basis. The Refinance Index slipped 0.3 percent from the previous week and was …

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A ‘Record-Breaking’ Year for Mortgage Backed Securities

Ginnie Mae announced that it issued $748 billion in MBSs in the fiscal year ending September 30, which it said resulted in more than “2.8 million households securing affordable homeownership and rental housing.” The dollar amount, according to Ginnie Mae, is a result of “historically low mortgage rates” and a high demand for residential property. … The post A ‘Record-Breaking’ …

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A ‘Record-Breaking’ Year for Mortgage Backed Securities

Ginnie Mae announced that it issued $748 billion in MBSs in the fiscal year ending September 30, which it said resulted in more than “2.8 million households securing affordable homeownership and rental housing.” The dollar amount, according to Ginnie Mae, is a result of “historically low mortgage rates” and a high demand for residential property. … The post A ‘Record-Breaking’ …

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COVID-19’s Impact on the Residential Rental Market

COVID-19 has created significant problems in the residential rental market, with dramatic increases and decreases in rents in certain regions of the country—that is supported by a report from AdvisorSmith, which studied patterns in rental prices in more than 500 U.S. cities to determine which are experiencing the most fluctuation. “The arrival of the pandemic … The post COVID-19’s Impact …

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Introducing NAR en Español for Spanish-Speaking Realtors

The National Association of Realtors Tuesday launched a Spanish version of its website, NAR en Español. The sub-site evolved from NAR’s Spanish-language Facebook page into the “comprehensive collection of resources” the associations now offers its Spanish-speaking members, NAR representatives say. “The vision that NAR’s Engagement team has shown throughout the development of NAR en Español … The post Introducing NAR …

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