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Dana Wade, a former OMB official, says a strong capital footing will help the Federal Housing Administration weather an uptick in delinquencies and ensure the mortgage market is viable once the economy recovers.
August 17 -
Both refinancings and purchases will be stronger than what Fannie Mae had previously forecast.
August 17 -
Federal Housing Administration mortgages — the affordable path to homeownership for many first-time buyers, minorities and low-income Americans — now have the highest delinquency rate in at least four decades.
August 17 -
For some employees given the option of working from home during the coronavirus pandemic, the workplace expanded from the city office to the beachfront condominium.
August 17 -
Travel restrictions have left hotels like Miami Beach's Fontainebleau struggling to repay their mortgage loans.
August 17 -
Housing advocates say lenders should require property owners who request loan forbearance to pause evictions during the coronavirus pandemic. But the banking industry says what’s really needed is another round of government stimulus.
August 16 -
Amid the worst economic slowdown this spring since the Great Depression this spring due to business closings caused by the coronavirus pandemic, Chattanooga's housing market has remained relatively vibrant.
August 16 -
Interest rates jumped from a new record low, while Fannie Mae and Freddie Mac were widely panned for imposing a refinance fee.
August 14 -
Home sales in the Charlotte, N.C., area are rebounding after taking a major blow from the novel coronavirus pandemic, even as the shortage of homes is worsening.
August 14 -
A pioneer in the commercial mortgage-backed securities market argues the HOPE Act would bail out savvy investors who don't deserve it. Barclays predicts that kind of attitude will make passage difficult.
August 14 -
Portland is a tale of two residential real estate markets: Well-priced, single-family homes are selling fast while sales of turnkey condominiums with concierge services and killer views have stalled due to the coronavirus pandemic.
August 14 -
With the moratorium still in place, mortgage foreclosure activity fell 83% in July compared to the year before and 4% from June, according to Attom Data Solutions.
August 13 -
Borrowers will likely have to put more assets on the line to get forbearance extensions.
August 13 -
But the 30-year fixed remains below 3%, which should continue to support increased demand.
August 13 -
The new “adverse market fee” for refinanced mortgages resembles steps the companies took to combat the 2008 mortgage crisis. But critics charge it isn’t necessary and will hurt borrowers’ ability to tap into low rates.
August 13 -
“Every single deal I have is someone from Brooklyn or Manhattan,” a Kingston agent said.
August 12 -
A survey conducted throughout the second quarter found knowledge gaps based on race and income.
August 12 -
Built to respond to borrowers' questions about mortgage deferrals, the bot created by Salesforce is evolving and in the future could conduct transactions, handle a wide range of queries or help with emergencies.
August 12 -
May’s overall delinquency rate was up over 100% from the prior year.
August 11 -
Boston Common is planning to confront banks and real estate investors as an eviction crisis looms across the U.S., one that's likely to disproportionately impact Black Americans and other minorities.
August 11
![“We will step up and do whatever we can to make sure that we ensure market stability,” said FHA Commissioner Dana Wade. “But we know [the pandemic will] ... pass and we're going to have a strong, vibrant economy when it does."](https://arizent.brightspotcdn.com/dims4/default/7956e80/2147483647/strip/true/crop/3462x1947+0+223/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F86%2Fa5%2F2a944fc3439c83e983c974aa82ca%2Fwade-dana-bl-081720.jpg)


















