Economy

The CARES Act does not define what a covered period is when it comes to residential mortgage borrower requests for forbearance.

Prices on average are expected to grow at nearly half the rate they were expected to rise before the pandemic hit, according to Veros Real Estate Solutions.

The government lock-down on real estate sales loosened last week — agents and other professionals were deemed essential workers — but strict Bay Area guidelines banned open houses and close contact.

The coronavirus relief legislation could result in private mortgage insurers having to hold more capital, a B. Riley FBR analyst report said.

Ocwen Financial has approximately $749 million of liquidity from various sources to deal with servicing issues arising from the coronavirus, a company press release said.

Nonbank mortgage employment estimates show payrolls in February leveled off after an unusually strong winter, but anecdotal reports of selective hiring persisted through March amid a broader coronavirus-related drop in U.S. jobs.

One day after the rent was due, all evictions and foreclosures in Florida were suspended for 45 days under a statewide order issued Thursday.

New York's Real estate agents, home inspectors and residential appraisers are now considered "essential employees," according to the Empire State Development agency.

Real estate listings are drying up, open houses have been canceled, and buyers are staying home. One more pillar of the Canadian economy is under threat from the coronavirus pandemic.

Bank employment of mortgage loan officers rose slightly last year, but that was before the coronavirus spread and resulted in social distancing measures that raised questions about broader employment prospects.

Simply stated, the federal forbearance of mortgage payments is perhaps the largest unfunded public mandate in American history.

The latest deadline for Genworth Financial's acquisition by China Oceanwide is June 30, but the parties are looking to get the transaction completed by the end of next month.

While the housing market will suffer from the COVID-19 crisis, it's stronger than it was in during its last crash in 2008, according to First American Financial.

Mortgage servicers need direction from federal agencies on how to implement the forbearance plans called for in the CARES Act, according to the Community Home Lenders Association.

After years of bustling sales and rising prices, Buffalo's housing market has come to a screeching halt.

As social distancing related to the coronavirus complicates work for appraisers, real estate agents and construction lenders, professionals turn to technology and, in some cases, ask consumers to pitch in.

Mortgage bankers are sounding alarms that the Federal Reserve's emergency purchases of bonds tied to home loans are unintentionally putting their industry at risk by triggering a flood of margin calls on hedges lenders have entered into to protect themselves from losses.

The real estate industry, struggling with coronavirus-linked limitations, got a boost with its sales business reclassified as an "essential" industry.

Mortgage technology efforts have historically been behind the curve, but some recent responses to the coronavirus highlight instances where it rises to the occasion.

The impending wave of loan delinquencies because of the coronavirus hurt private mortgage insurer earnings, but the companies will still have sufficient capital, a Keefe, Bruyette & Woods report said.