Author: Michael Gersitz

The Federal Reserve is urging its examiners to go easy on banks offering forbearance to borrowers impacted by COVID-19, and will be issuing additional guidance on the issue, Chairman Jerome Powell told Congress on Wednesday. Powell’s statement came in response

Housing starts gained 4.3% in May as construction crews returned to building sites amid an easing of COVID-19 restrictions, according to a government report published on Wednesday. Builders broke ground on 974,000 homes last month, from an upwardly revised 934,000

Summer homebuying season continues to heat up. In new data released by realtor.com on Wednesday, listing views in suburban ZIP codes grew 13% in May, nearly doubling the pace of growth in urban areas. Suburban listing views in May 2020

May housing activity declined year over year “across the board” according to a report by Buildfax, a property condition data service provider. However, the report states positive homebuilder sentiment and an increase in construction hiring suggests these slowdowns will eventually

On Wednesday, the Department of Housing and Urban Development announced that the Federal Housing Administration is providing a two-month extension of its foreclosure and eviction moratorium through August 31, 2020. This is the second extension the FHA has enacted since

The Federal Housing Finance Agency on Wednesday extended the foreclosure and eviction moratorium for borrowers with mortgages backed by Fannie Mae and Freddie Mac until “at least” Aug. 31, the federal watchdog said. “During this national health emergency no one

The COVID-19 pandemic upended just about everything this year, and that includes much of the home-buying process. A new study from Clever revealed that homebuyers who bought between January and May this year are twice as likely to have anxiety

The Urban Institute recently published an article about FHLB (Federal Home Loan Bank) membership. In their review, they state how nonbanks align with the FHLB mission, but also focus in on a lack of oversight and the challenge to safely

Failure to provide additional legislative support to an economy reeling from COVID-19 will worsen the inequality that has led to mass protests in America in recent weeks, lead to more small-business failures, and extend the recession, Federal Reserve Chairman Jerome

A seasonally adjusted index measuring purchase applications jumped 8% last week, according to a report from the Mortgage Bankers Association. While the week prior saw the seasonally adjusted index rising to its highest level since January, this week the MBA

Yesterday’s opening day of engage.marketing was very tactical, but Day 2 really doubled down on actionable tactics that any Realtor, loan officer or industry pro can implement right away.  The day started out with a bang with some of the

The number of mortgages in forbearance fell for the second consecutive week, Black Knight said in a report on Friday. The number of loans with suspended payments dropped to 4.66 million this week from 4.73 million, the mortgage data firm