One of the few bright spots in the nation’s ailing economy is the housing market. Fueled by the lowest home loan rates in the nation’s history, mortgage applications increased 18 percent for the week ending May 29 compared to the same week one year ago,...
Non-bank lenders are on shaky ground as they face the prospect of mortgage payment forbearance with the ongoing coronavirus pandemic, which could end up costing them $12 billion per month, according to the Financial Times. They’re feeling pressure from financial institutions and could face ratings...
Shuttered businesses and missed paychecks are causing panic across the mortgage industry as the coronavirus cripples finances for struggling homeowners. “It’s going to be a liquidity tsunami,” Jay Bray, chief executive of Mr. Cooper Group Inc., told the Wall Street Journal (WSJ) on Monday (March...
U.S. homeowners’ decision to stay in their homes longer is keeping much-needed inventory off the real estate market, causing a slip in home sales. New analysis by Redfin found that homeowners around the country are typically staying in their homes for 13 years, five years...
April 15, 2021
The U.S. housing market is facing a supply deficit, with 3.8 million single-family homes less than buyer demand, The Wall Street Journal reported Thursday (April 15). According to a new analysis by mortgage-finance company Freddie Mac, the estimate represents a 52 percent rise in the country’s home shortage compared with 2018, when Freddie Mac first reported on […]
June 03, 2020
One of the few bright spots in the nation’s ailing economy is the housing market. Fueled by the lowest home loan rates in the nation’s history, mortgage applications increased 18...
April 02, 2020
Non-bank lenders are on shaky ground as they face the prospect of mortgage payment forbearance with the ongoing coronavirus pandemic, which could end up costing them $12 billion per month,...
March 24, 2020
Shuttered businesses and missed paychecks are causing panic across the mortgage industry as the coronavirus cripples finances for struggling homeowners. “It’s going to be a liquidity tsunami,” Jay Bray, chief...
