...people doesn’t mean “living within six feet of them.” “The world’s best coronavirus fighters so far are all Asian democracies where cities are denser than almost any place in North...
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Existing-Home Sales Drop 8.5% in March
...of gains. “Unfortunately, we knew home sales would wane in March due to the coronavirus outbreak,” said Lawrence Yun, NAR’s Chief Economist. “More temporary interruptions to home sales should be...
Read More »Survey: Buyers Making Offers Without Seeing Homes
...more business activity now than before the economic lockdown.” Also included in the report were findings uncovered by NAR’s latest Economic Pulse Flash Survey, which delved into how the coronavirus...
Read More »Housing Market Sees a ‘180-Degree Turnaround’ Since Coronavirus
Recently, Dr. Albert Lee, Founding Partner of Summit Consulting and host of the Complexity Simplified Podcast, conducted an informative podcast tackling various issues surrounding COVID-19 pandemic and its impact on...
Read More »Lawmakers Call for Government to Assist Mortgage Servicers
...servicers facing a temporary liquidity shortfall related to coronavirus. Ginnie Mae states the application of the PTAP to the COVID-19 National Emergency allows servicers to apply for assistance meeting their...
Read More »Interest Rates at Lowest Level Since 2013
...decline into March, driving the growing share of refinances for another month,” said Jonathan Corr, President and CEO of Ellie Mae. “Despite the impacts of the coronavirus and stock market...
Read More »Year-Over-Year Drop in Homebuying Demand Reported
...points out how the coronavirus has shifted the tides of the way real estate operates—and thrives—with Redfin claiming that digital commerce is the remedy that will heal what ails us...
Read More »Potential Home Sales Fall 9% in March
...First American, said this is the lowest level for the potential sales model since February 2016. “The coronavirus pandemic continues to take hold of the domestic and global economy. The...
Read More »The Treasury’s Plan for the Mortgage Market
In a press conference, Treasury Secretary Steven Mnuchin addressed the impact of the coronavirus pandemic on mortgage servicers. “We’re going to make sure that the market functions properly,” he told...
Read More »Revenues Drop for JPMorgan Chase, Wells Fargo in Q1
...in response to the spread of COVID-19. The APM introduces a new version of the existing Pass-Through Assistance Program (PTAP) for servicers facing a temporary liquidity shortfall related to coronavirus....
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