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.…
A report from the Tampa Bay Times in Florida. "The current crisis was not caused by pre-existing economic weakness. 'There was little evidence of an approaching downturn as recently as a month or two ago,' said Gary Burtless, an economist…
It's Friday desk clearing time for this blogger. "California home prices and sales are likely to fall as a result of the coronavirus, according to the California Association of Realtors. Kalena Masching, a Redfin agent in Silicon Valley, saw a…
A report from the Columbia Business Report in South Carolina. "Residential real estate in South Carolina enjoyed a positive 2019, and realtors expect the growth to continue through the early part of 2020. 'Overall, people are making more money (and)…
It's Friday desk clearing time for this blogger. "Fannie Mae and Freddie Mac are expected to retain 'limited and tailored government support' after they are freed from U.S. control, Treasury Secretary Steven Mnuchin said in a letter to lawmakers. Mnuchin’s…