President Trump Signs CARES Act
Fri, 27 Mar 2020 20:37:35 +0000

According to industry experts, the act can help prevent foreclosures during the COVID-19 outbreak.

The post President Trump Signs CARES Act appeared first on DSNews.

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Financial Stress Factors Facing Housing
Fri, 27 Mar 2020 16:37:46 +0000

The former CEO of Freddie Mac points out that the spread of the coronavirus could cause spell issues for the GSEs and mortgage-backed securities.

The post Financial Stress Factors Facing Housing appeared first on DSNews.

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CFPB Issues Support for Financial Institutions
Thu, 26 Mar 2020 21:54:19 +0000

The Bureau is postponing some data collections from industry on Bureau-related rules to allow companies to focus on responding to consumers in need and making changes to its supervisory activities to account for operational challenges at regulated entities.

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Policymakers ‘Learned Lessons’ from Great Recession in Stimulus Package
Thu, 26 Mar 2020 21:49:37 +0000

An industry insider praised the actions by the GSEs, FHFA, and HUD to help prevent foreclosures during the COVID-19 outbreak.

The post Policymakers ‘Learned Lessons’ from Great Recession in Stimulus Package appeared first on DSNews.

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Low-End Rentals Driving Inventory Increases
Thu, 26 Mar 2020 21:35:43 +0000

Already-low rental home inventory, relative to increased demand, drove the rental vacancy rate on one-unit homes down to 5.2%, which was the lowest one-unit rental vacancy rate since 1995.

The post Low-End Rentals Driving Inventory Increases appeared first on DSNews.

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Freddie Mac Ceases Issuing LIBOR Securities
Thu, 26 Mar 2020 21:10:20 +0000

The London Inter-Bank Offered Rate, is nearing its end, and set to expire sometime after 2021, with the Secured Overnight Financing Rate, or SOFR taking its place.

The post Freddie Mac Ceases Issuing LIBOR Securities appeared first on DSNews.

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Unemployment Claims Top 3M
Thu, 26 Mar 2020 14:34:54 +0000

Doug Duncan, Chief Economist at Fannie Mae, notes that the increase indicates an expected rise in household financial stress.

The post Unemployment Claims Top 3M appeared first on DSNews.

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DS5: Industry Leaders Discuss Trends, Challenges
Thu, 26 Mar 2020 13:52:01 +0000

Executives from Penny Mac, Planet Financial Group, and Rushmore Loan Management Services, are featured on the first installment of DS5: Inside the Industry.

The post DS5: Industry Leaders Discuss Trends, Challenges appeared first on DSNews.

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DS5: The Latest Mortgage Industry Insights
Wed, 25 Mar 2020 22:40:27 +0000

Five Star Global is excited to launch DS5, a video newscast where we highlight economic and industry updates and profile executives and leaders.

The post DS5: The Latest Mortgage Industry Insights appeared first on DSNews.

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Where Overleveraged Homes are Concentrated
Wed, 25 Mar 2020 21:40:56 +0000

Mortgage rates hit an all-time low recently due to the negative effect of the coronavirus pandemic on the U.S. economy, but in many cities across the country, homeowners are finding that they owe more on their home than their home is worth.

The post Where Overleveraged Homes are Concentrated appeared first on DSNews.

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