The Past, Present, and Future of Fair Housing
NAR, in partnership with the Memorial Foundation, sponsored a special Facebook Live event, “The Past, Present, and Future of Fair Housing.” Soledad O’Brien, an award-winning documentarian, journalist, speaker, author, and philanthropist, hosted the event. Secretary of the U.S. Department of Housing and Urban Development Marcia Fudge was the headline speaker. www.nar.realtor – Fair Housing
UI Says HARP 2.0 Could Help Pandemic-Era Borrowers; Rates Back to Recent Lows
The Urban Institute (UI) is advocating for a streamlined refinancing program similar to the Home Affordable Refinance Program (HARP) which aided many homeowners during the Great Recession to assist those impacted by the pandemic. HARP, which was used by more than 3.4 million borrowers between 2009 and 2018, offered simplified documentation, automated appraisals, no or […]
SCV Announces 2021 REACH Commercial Cohort
SCV Announces 2021 REACH Commercial Cohort The REACH Commercial program helps high-growth potential technology companies scale in and beyond the commercial real estate sector. Media Contact: Wesley Shaw 202-383-1193 Commercial & Investment Real Estate, Technology
Jobless Claims Dropped Sharply Last Week
While employment is gaining momentum, layoffs are still happening and are significantly elevated compared to pre-pandemic. www.nar.realtor – Research
Buyer Demand Provides Modest Boost to Builder Confidence
New home builders seem to be slowly getting their mojo back. After recovering from the hit they took in the first days of the pandemic, they encountered labor shortages, supply chain issues, and rising material costs. The National Association of Home Builders (NAHB) said that builder confidence in the new home market, driven by strong […]
NAR Policy Forum Series: Tipping the Scale
On April 8, 2021, NAR hosted a virtual event to discuss the Tipping the SCALE research, which reviews three major types of alternative data that could be used to evaluate a consumer’s creditworthiness: credit proxies, banking data, and, non-financial personal data. Award-winning real estate journalist Michele Lerner lead a Q&A on research by authors Vanessa […]
Fannie/Freddie Announce End Dates for QM Rules
Posted To: MND NewsWire Both Fannie Mae and Freddie Mac (the GSEs) have released information to their lenders confirming that any loans they purchase after July 1, 2021 must conform to the agreement made on their behalf in January by the Federal Housing Finance Agency (FHFA) with the Department of Treasury, amending the Preferred Stock […]
Study Highlights How Credit Scoring Impacts Fair Lending, Minority Homeownership Rates
Credit Scoring Impact on Fair Lending, Minorities NAR will use new research to shape policy positions in effort to boost minority homeownership. Media Contact: Wesley Shaw 202-383-1193 Fair Housing
Lagarde sees strong rebound for EU economy in second half, expects U.S. to meet inflation goal soon
Despite a difficult struggle against the Covid-19 pandemic, the EU will hit its economic stride later this year, Lagarde told CNBC on Friday….(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
Another Tentatively Decent Day For Rates
Posted To: Mortgage Rate Watch Mortgage Rates have been doing pretty well so far in April. They bounced at long-term highs on March 31st (matching the highs from 2 weeks prior), but have been descending gently since then. Today’s move was definitely modest. The average borrower wouldn’t see much of a difference–if any–versus yesterday’s rate […]