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 on Canada. "Canadian housing once seemed so infallible that the head of the world’s biggest asset manager in 2015 described Vancouver condos as a better store of wealth than gold. The coronavirus is putting that theory…
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…