A report from Marketplace. "New survey data on Wednesday from the National Association of Homebuilders shows builder confidence fell the most ever in a month, to 30. Anything below 50 is considered negative, and this is the first negative reading…
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…
A report from Global News on Canada. "The housing industry in Saskatoon is slower but remains steady, according to experts. And right now it is a buyers market. 'If you are in the market to buy a new home there…
A report from Bankrate. "The coronavirus pandemic has blindsided the U.S. housing market, transforming the spring selling season that’s traditionally the annual peak of sales into a deep valley. 'This industry is just doing a very slow crawl,' says Leslie…
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…
A report from the Times of London. "Sean Rakidzich was 'spitting fire.' The 34-year-old from Houston had built a small empire via Airbnb, managing 103 properties in Texas and Pennsylvania. Then the coronavirus walloped his business, as it did everyone…
A report from the San Francisco Chronicle in California. "Historically, the spring selling season in San Francisco is the most active of the year, with new listings, sales and market prices all climbing steadily out of the mid-winter slowdown. But…
A few reports from Domain News in Australia. "If you were counting on a pre-approval to secure your new property, looking to refinance, or shopping for a home loan, things have changed in the wake of the coronavirus outbreak. 'Generally…
A report from the Toronto Sun in Canada. "In a scenario that is no doubt being replicated in major urban centres across Canada, sales of homes in Toronto dipped 68% in the first week of April while condo sales were…
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…