Comparing Mortgage Payment Status by State
NAR has analyzed the ability of mortgage holders to meet their mortgage payments by state, age group, and income. www.nar.realtor – Research
Top Vacation Home Counties
NAR has identified vacation home counties, the least expensive and most expensive areas, and the income profile of buyers who can afford to purchase a vacation home. www.nar.realtor – Vacation, Resort, and Second Homes
Nearly 25% of all loans, credit cards and mortgages are in financial hardship programs
As of June, 24.6% of all consumer credit products, including credit cards, mortgages, auto loans and personal loans are in some type of financial hardship program, according to TransUnion….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Court Upholds Denial of Short-Term Rentals
The Pennsylvania Supreme Court upheld the ruling that a local zoning ordinance clearly and unambiguously excluded purely transient uses of property. www.nar.realtor – Vacation, Resort, and Second Homes
Goldman Sachs CEO David Solomon on US economic outlook: `We’re in for a very bumpy ride’
While there has been an uptick in economic activity since the early weeks of the pandemic, a continuing surge in cases has forced several states to halt or reverse their reopening plans…(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The […]
Homeowners Feel Ready to Sell
77 percent of Americans think that now is a good time to sell a home, a new record high. www.nar.realtor – Real Estate Story Ideas
The Downside of Ultra Low Rates; Builder Confidence Fully Recovered?
The Downside of Ultra Low Rates Actions and reactions are as true in the bond market as in the natural world. The equal and opposite reaction to a sub 3% 30yr fixed rate is a spike in the supply of new MBS. From there, supply/demand 101 says we should see downward pressure on prices. That’s […]
Fewer Forbearances; More Homebuilding; Higher Ficos; Lowest Rates
There was another decline in forbearance starts this past week and the number of loans in active plans also fell for the third straight week. Black Knight’s weekly report on COVID-19 related forbearances reported a total of 4.12 million loans that have been granted forbearance, allowing borrowers to omit or reduce mortgage payments due to […]
House Committee Looks at Mortgage Servicer Response to Pandemic
Posted To: MND NewsWire The House Financial Service Committee’s Subcommittee on Oversight and Investigations held a hearing on Thursday entitled, “Protecting Homeowners During the Pandemic: Oversight of Mortgage Servicers’ Implementation of the CARES Act.” Scheduled witnesses were Alys Cohen, staff attorney, National Consumer Law Center; Marcia Griffin, Founder and President, HomeFree-USA; Donnell Williams, President, National […]
NAR Calls on Housing & Urban Development to Withdraw Disparate Impact Rule
NAR cites broad national consensus to advance efforts to eradicate racial discrimination while arguing HUD’s revisions place too heavy a burden on the ability of parties to bring legitimate initial disparate impact claims. www.nar.realtor – Fair Housing