Two reports from Housing Wire. "One thing that is clear, however, is that the mortgage lending landscape is vastly different in early April than it was in early March. Certain segments of the business – namely government, non-QM, and jumbo…
A report from CNBC. "A broad coalition of mortgage and finance industry leaders on Saturday sent a plea to federal regulators, asking for desperately needed cash to keep the mortgage system running during the coronavirus pandemic, as requests from borrowers…
A report from CNBC. "CNBC’s Jim Cramer on Friday delivered a dire message about the financial future. 'Home buying had been a real engine of the old economy. I’m betting these numbers collapse,' Cramer said. 'The whole housing cohort’s a…
A report from Housing Wire. "It looks like borrowers who don’t fit neatly into Fannie Mae and Freddie Mac’s lending criteria could soon be running out of options if they want to buy a house. Over the last week, many…
A report from Fortune Magazine. "Zillow has temporarily stopped its home buying operations in 24 states due to the outbreak. 'Given the concerns for public safety and rapid developments by governments that restrict local real estate activities, we determined it…
A report from the Wall Street Journal. "Airbnb Inc. is considering raising capital from new investors, as the home-sharing giant wrestles with escalating losses due to the devastating impact of the coronavirus pandemic on its global business, according to people…
A report from the Buffalo News in New York. "In a victory for the former owner of Monarch 716, a state judge in Buffalo has ruled that the lender who foreclosed on the West Side student housing property is not…
A report from KOLD in Arizona. "The stock market dropped more than a 1,000 points amid worries about the novel coronavirus — concerns over the outbreak may impact the housing market, too. Tucson real estate broker Karl Kretzel said fear…
A report from KPBS in California. "Norm Miller, a real estate finance expert at University of San Diego, said if you look at price per square foot, prices have only risen about 1% over the past year. In fact, Miller…
It's Friday desk clearing time for this blogger. "'Brace yourself!' warned Judi Desiderio, the C.E.O. of Town and Country Real Estate, as a lead-in to her analysis, which showed a 44-percent decrease in overall home sales during the quarter. 'In…