A report from Forbes on what's happening with FHA loans. "Today should have been the day that Ignacio Paulino closed on his new mortgage loan. But thanks to the coronavirus outbreak—and the fears that it will set off a wave…
It's Friday desk clearing time for this blogger. "Nonbank financial firms spent years lobbying against tougher regulation and stricter capital requirements, arguing that their emerging dominance in mortgage lending didn’t pose a risk to the financial system. Now, many of…
A report from HousingWire. "HousingWire spoke to Todd Bitter, a loan originator servicing the Greater Phoenix-Scottsdale market. HousingWire: What are you doing within your lending business to adapt to the current market situation? Todd Bitter: For the last quite a…
A report from Reuters. "The coronavirus crisis is likely to cut home and office building prices, may lead to a permanent shift in the demand for office space, and could push highly indebted households and companies toward default, Boston Federal…
A report from the Wall Street Journal. "The central bank’s decision to buy a nearly unlimited supply of government-backed mortgages has helped calm skittish markets and ensure that 30-year home loans remain available. But the market for loans in which…
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 the Los Angeles Times in California. "At the start of 2020, the Southern California housing market was heating up, juiced by cheap money and a growing economy. Then a global pandemic hit. Deals are now falling out…
It's Friday desk clearing time for this blogger. "Mortgage firms are bracing for a wave of missed payments starting April 1 as borrowers lose their jobs as a result of the coronavirus epidemic. The firms, which collect money from borrowers…
A report from Bloomberg. "As America heads into a deep recession, the $11 trillion residential-mortgage market is in crisis. Investors who buy home loans packaged into bonds are dumping even those with federal backing because of panic that millions might…
A report from Bloomberg. "A crisis in credit markets deepened over the weekend and into Monday as a cluster of funds that own mortgage bonds sought to sell billions in assets to meet investor redemptions, sparking pleas for government intervention.…