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11:12 a.m. April 3, 2021 - By Quentin Fottrell
My stepmother got nothing when my father died, per their prenup. She asked me to buy her a home. What should I do? ‘What would be some ways I could help her financially or otherwise without giving her a house?’‘What would be some ways I could help her financially or otherwise without giving her a house?’
5:49 a.m. Jan. 17, 2021 - By Jacob Passy
Fannie Mae, Freddie Mac can keep future earnings, per agreement between Treasury and regulators ‘Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis,’ Federal Housing Finance Agency Director Mark Calabria said‘Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis,’ Federal Housing Finance Agency Director Mark Calabria said, in announcing the agreement.
3:16 a.m. Nov. 9, 2020 - By Jacob Passy
What a Biden administration will mean for housing-finance reform The Trump administration has pursued the recapitalization of Fannie Mae and Freddie Mac, but a Biden administration will likely have different goalsThe Trump administration has pursued the recapitalization of Fannie Mae and Freddie Mac, but a Biden administration will likely have different goals.
9:17 a.m. Sept. 19, 2020 - By Jacob Passy
‘This is just slowing the clock on evictions’: Why the CDC’s moratorium on evictions won’t solve America’s looming $100 billion rental crisis ‘The Centers for Disease Control and Prevention announced in early September that it was establishing a temporary ban on evictions across the country’‘The Centers for Disease Control and Prevention announced in early September that it was establishing a temporary ban on evictions across the country.’
2:33 a.m. Sept. 8, 2020 - By Jacob Passy
Renters in U.S. cannot be evicted through the end of the year due to coronavirus, CDC order states Unpublished order provides declaration for renters to sign stating they are unable to pay rent, have sought government assistanceTo be eligible for protection, renters will need to provide proof of their inability to pay rent because of the pandemic.
5:13 a.m. Aug. 26, 2020 - By Jacob Passy
Fannie Mae, Freddie Mac will delay controversial refinance fee The ‘adverse market’ fee is being implemented to cover $6 billion in projected losses caused by COVID-19The ‘adverse market’ fee is being implemented to cover $6 billion in projected losses caused by COVID-19.
1:08 p.m. Aug. 25, 2020 - Associated Press
Trump breaks latest norm in tapping into White House pomp and pageantry as backdrop for acceptance speech President Donald Trump‘s planned Republican convention speech from the White House lawn this week might be the latest and most blatant example of his long-running disregard for norms and traditions of the presidency and executive-branch standards.
8:23 a.m. Aug. 8, 2020 - By Jacob Passy
The number of Americans skipping mortgage payments is falling — except among these borrowers Forbearance plans allow mortgage borrowers to make reduced payments or skip monthly paymentsForbearance plans allow mortgage borrowers to make reduced payments or skip monthly payments.
7:56 a.m. Aug. 8, 2020 - By Jacob Passy
Real-estate reckoning on ‘master bedrooms’ as a racist term took place after years of discussion — yet many home builders dropped the term years ago A growing number of real-estate professionals have stopped using the phrase ‘master bedroom’ amid a broader societal rethink of the language we useA growing number of real-estate professionals have stopped using the phrase ‘master bedroom’ amid a broader societal rethink of the language we use.
11:09 a.m. July 29, 2020 - By Jacob Passy
Trump says he’ll keep low-income housing out of suburbs as he rescinds Obama-era anti-segregation regulation Housing advocates say the regulation was necessary to combat racial segregation, but Trump says getting rid of it will lead to higher home pricesHousing advocates say the regulation was necessary to combat racial segregation, but Trump says getting rid of it will lead to higher home prices.
7:10 a.m. June 11, 2020 - By Jacob Passy
The Trump administration is preventing DACA recipients from getting federally-backed mortgages, Democratic lawmakers say A group of Democratic lawmakers has called for an investigation into policy changes that have allegedly resulted in DACA recipients being denied FHA loansA group of Democratic lawmakers has called for an investigation into policy changes that have allegedly resulted in DACA recipients being denied FHA loans.
4:06 a.m. April 27, 2020 - By Jacob Passy
3 million Americans are skipping mortgage payments, but Fannie Mae and Freddie Mac will cut mortgage servicers a break Fannie Mae and Freddie Mac will be allowed to purchase home loans in forbearanceFannie Mae and Freddie Mac will be allowed to purchase home loans in forbearance.
6:11 a.m. April 23, 2020 - By Jacob Passy
U.S. new home sales drop 15% in March because of coronavirusSales of new U.S. homes fell by more than 15% in March as the coronavirus pandemic weighed on buyer traffic. New home sales dropped to a seasonally adjusted annual rate of 627,000, from the U.S. Census Bureau and the Department of Housing and Urban Development. The larger decrease compared to the March decline in existing-home sales is a reflection of the data that guide the two reports. "Because new home sales are based on contract signings, an early step in the home buying process, they showed a larger decline than existing home sales data, which came out earlier this week," said Danielle Hale, chief economist at Realtor.com.
8:58 a.m. April 18, 2020 - By Quentin Fottrell
More than half of renters say they lost jobs due to coronavirus: ‘They could face housing situations that spiral out of control’ ‘Low-income renters, especially those who lose employment during the crisis, will have a hard time paying back rent’‘Low-income renters, especially those who lose employment during the crisis, will have a hard time paying back rent.’
3:46 a.m. April 15, 2020 - By Jacob Passy
Are you a homeowner seeking forbearance on your mortgage? Watch out for these red flags These are the questions to ask if you apply for mortgage assistanceThese are the questions to ask if you apply for mortgage assistance.
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