A weekend topic on this Politico article. "With millions of suddenly unemployed homeowners expected to seek relief on their mortgage payments, a libertarian regulator is standing in the way of the federal government using its most powerful weapon to stave…
It's Friday desk clearing time for this blogger. "Some buyers may look for deals, thinking all sellers are desperate to sell. But if this isn't you, there's no reason to cave or whittle down your home's price. 'Regardless of the…
A report from Mortgage Professional America. "In a recent report that examines county-level housing markets and their vulnerability to the impact of the coronavirus pandemic, Attom Data Solutions found that 24 of the 50 most at-risk markets are in New…
A report from the Berkeley Newsroom. "Berkeley Haas Professors Nancy Wallace and Richard Stanton were some of the few voices to forewarn of the massive risk posed by shoddy practices in the mortgage industry prior to the 2008 financial crisis.…
A report from Bloomberg. "The nascent market for private U.S. mortgages is teetering on the brink of collapse as the coronavirus crisis imperils years of work to lessen the government's role in home lending. Several firms that issue mortgage bonds…
An opinion piece from Christopher Whalen, Chairman, Whalen Global Advisors LLC at National Mortgage News. "Last week was difficult for members of the mortgage industry, especially for those members of the residential lending community who've been working in the world…
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…
It's Friday desk clearing time for this blogger. "Some banks are offering borrowers a break, but it’s not really a break, Octavio Espinoza says. Espinoza: 'They can hold the payment up to 90 days, but at the end of the…
A report from the Oregonian. "'I’m still writing offers,' says real estate agent Adam Elliott. 'Motivated sellers are dropping prices and if you’re 100 percent sure you’re not losing your job, now is the right time to buy. Agents all…
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…