A report from the Wall Street Journal. "Forbearance allows homeowners to suspend their monthly payments when they experience a virus-related hardship without the usual consequences of delinquency or even foreclosure. The flood of requests have mortgage servicers working overtime and…
A weekend topic starting with the Oregonian. "Despite stay-at-home orders, the coronavirus pandemic, high unemployment and an unsure global economy, people are buying homes in Oregon. 'People are willing to overpay for what they want because of lending rates,' says…
A report from CNBC. "A surge in rental property evictions could have a domino effect on the broader housing market and economy, Tendayi Kapfidze, chief economist at LendingTree, told CNBC. 'This really could be catastrophic, and it extends beyond just…
A report from the Philadelphia Inquirer in Pennsylvania. "Economic uncertainty during the pandemic has led banks to tighten their lending standards. The supply of mortgage credit has fallen by more than 30% from February to June, according to the Mortgage…
A report from the Review Journal in Nevada. "Las Vegas mortgage delinquencies rose sharply after the coronavirus pandemic devastated the economy. Payments were at least 30 days late on 8.5 percent of Southern Nevada home loans in April, up more…
A report from National Mortgage News. "While the COVID-19 pandemic continues to create financial uncertainty for all Americans, it's not too early to ask how mortgage lenders can help put the nation's economy back on track. One way is to…
It's Friday desk clearing time for this blogger. "Credit tightening is becoming more evident according to the Mortgage Bankers Association. Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting explained. 'Mortgage credit supply dropped again in June, as…
A report from WBAL TV in Maryland. "Brian Coleman, a senior home loan consultant with Main Street Home Loans, said average mortgage and refinance rates are under 3%. 'It's helping people with their purchasing power -- you can afford a…
A report from the Record Eagle in Michigan. "Linda Witulski fell in love with Elk Rapids about 15 years ago on a vacation. She bought a home in the Lake Michigan shoreline village and turned it into a short-term rental…
A report from the Wall Street Journal. "The new coronavirus epidemic in New York obliterated the spring selling season, according to a Wall Street Journal analysis. Apartment sales were down 54% in the second quarter compared with the same quarter…