Podcasts about hw managing editor brena nath

On today's episode, HW+ Managing Editor Brena Nath talks with Lead Analyst Logan Mohtashami about the latest changes to the housing market. They also go over the latest economics and data around the recession. Articles related to this episode: Housing starts data raises 5th recession red flagWill mortgage lending get tighter in the next recession?HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by the HW team and produced by Elissa Branch and Dalton Johnson.

On today's episode, Editor in Chief Sarah Wheeler talks with HW+ Managing Editor Brena Nath about the May issue of the HousingWire Magazine, which featured a cover story on the winners of HousingWire's Finance Leaders awards. The two discuss winners, spotlighting Chryssa Halley, CFO at Fannie Mae, Victoria DeLuce, EVP at Princeton Mortgage, and Joseph Peterson, CFO at Sagent. The two also discuss the articles and commentaries on appraisals in the May issue and the Kudos article on Total Expert.HW Media articles related to this episode:Introducing the 2022 Finance Leaders!What permanent desktop appraisals mean for the industry

 On today's episode, Editor in Chief Sarah Wheeler talks with HW+ Managing Editor Brena Nath about the Tech100 winners featured in the March edition of HousingWire Magazine. The two discuss the companies in mortgage and real estate that won the prestigious award as well as the difference between tech innovation and disruption.

On today's episode, HW+ Managing Editor Brena Nath talks with HousingWire Mortgage Reporter Georgia Kromrei about the recent earnings reports from the GSEs, breaking down some of the highlights from Fannie Mae's and Freddie Mac's reports. Kromrei also unpacks why Senate Republicans recently blocked a committee vote on five nominees, including the re-nomination of Federal Reserve Chair Jerome Powell and Federal Housing Finance Agency (FHFA) Acting Director Sandra Thompson.

On today's episode, HW+ Managing Editor Brena Nath talks with HousingWire Real Estate Reporter Brooklee Han, as she discusses the earnings reports for three of the “Big Four” title insurers. During the episode, Han not only talks about the surge in M&A activity for title insurers but also discusses how these companies plan to overcome some of the challenges that stem from the shift to a purchase-driven market. 

On today's episode, HW+ Managing Editor Brena Nath talks with HousingWire Lead Analyst Logan Mohtashami, as they unpack his latest article that digs into Fannie Mae's Home Purchase Sentiment Index. During the interview, Mohtashami explains where people often go wrong when reading the survey results, thinking that nobody wants to buy a home. He also dives into the latest jobs report and how it impacts bond yields.

On today's episode, HW+ Managing Editor Brena Nath talks with HousingWire's Managing Editor James Kleimann to discuss the latest updates on the UWM broker war saga. The episode touches on UWM's initial announcement a year ago that it will no longer partner with brokers who also work with Rocket Mortgage and Fairway Independent Mortgage. He also shares how the wholesale lender is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage.

On today's episode, HW+ Managing Editor Brena Nath talks with Senior Real Estate Reporter Matthew Blake to hear about his latest coverage, including his breaking news this week on the court's decision to block ex-Keller CEO from joining eXp. During the episode, Blake explains why the court's decision is so unique and gives an update on the other top court cases happening in the real estate space. 

On today's episode, RealTrends Editorial Director Tracey Velt talks with HW+ Managing Editor Brena Nath about the release of the February 2022 HousingWire Magazine issue, the first issue of the year. Focusing on the biggest trends to watch, the issue unpacks what's happening in the servicing space and the biggest challenges heading into the New Year, along with what this means for compliance and regulation

Technology plays a larger role than ever in real estate and mortgage, and the HousingWire Tech Trendsetters recognizes leaders in technology across the housing industry. In this episode of HousingWire Daily, Editor in Chief Sarah Wheeler talks with HW+ Managing Editor Brena Nath about this year's Tech Trendsetters and the tech themes that are new this year.

Even while COVID variants affect everything from school closings to supply chains, demand for housing remains unabated. In a rapidly changing environment, what should those in real estate and mortgage expect as far as housing inventory, mortgage rates, home prices and more? In this episode of HousingWire Daily, Editor in Chief Sarah Wheeler and HW+ Managing Editor Brena Nath discuss articles by economists in our forecast series that tackle these issues.

Today's HousingWire Daily features a crossover with the Housing News podcast, where HW+ Managing Editor Brena Nath interviews the senior vice president of settlement services operations at Radian, Jill Cadwell.During the episode, Cadwell discusses automated decision engines within the mortgage industry and, additionally, some of the challenges and pain points for lenders amid the pandemic.

This week, HousingWire's HW+ Managing Editor Brena Nath interviews Jill Cadwell, Senior Vice President of Settlement Services Operations at Radian. In this sponsored episode, Cadwell discusses automated decision engines in the mortgage industry and the specific pain points lenders are still facing when it comes to closing.The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire's news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.

Introducing HousingWire's Women of Influence series, which belongs to the HousingWire Daily podcast. As Girlfunds comes to a close, each Women of Influence episode will be featured in GirlFunds. Girlfunds will soon say farewell but listeners can tune into HousingWire Daily to listen to more insightful interviews from the housing industry's most talented women.  HW+ Managing Editor Brena Nath interviews one of HousingWire's remarkable Women of Influence on their latest contributions to the industry, the women they look up to, and how they're moving markets forward.  This first episode features 2020 Woman of Influence Laura Grannemann, vice president of Strategic Investments at Rocket Community Fund, as she discusses how COVID-19 has starkly highlighted inequity in housing across the country. 

Today's HousingWire Daily episode features the first episode of the Women of Influence podcast miniseries. Each Friday, HW+ Managing Editor Brena Nath interviews one of HousingWire's remarkable Woman of Influence on their latest contributions to the industry, the women they look up to and how they're moving markets forward. The miniseries leads into the announcement of the 2021 HousingWire Women of Influence award winners, which will be announced on August 1. This first episode features 2020 Women of Influence Laura Grannemann, vice president of Strategic Investments at Rocket Community Fund, as she discusses how COVID-19 has starkly highlighted inequity in housing across the country.

Today's HousingWire Daily focuses on the newly released HousingWire May magazine issue. In this episode, Digital Media Manager Alcynna Lloyd joins HW+ Managing Editor Brena Nath to discuss what readers can expect in HousingWire's May magazine issue, and discuss the biggest topics coming across HousingWire's news desk. During the episode, Nath and Lloyd talk about President Joe Biden's proposed first-time homebuyer tax credit, loanDepot forming a JV partnership with LGI Homes and the May magazine issue which will focus on the secondary market. 

In today's HousingWire Daily episode, HousingWire Digital Media Manager Alcynna Lloyd joins HW+ Managing Editor Brena Nath to discuss the hottest topics that came  the HousingWire newsroom last week, as well as this month's magazine issue which focuses on closing. During the episode, the pair examine the Consumer Financial Protection Bureau's latest warning to servicers that it's ramping up enforcement, and discuss what readers can expect in the April magazine issue.HW Magazine is a part of the HW+ premium membership community. If you're not a member yet, you can join here to get exclusive, in-depth articles, transcriptions of our podcasts, free registration to HousingWire events and more.

Today's HousingWire Daily focuses on the newly released HousingWire March magazine issue. In this episode, Digital Media Manager Alcynna Lloyd joins HW+ Managing Editor Brena Nath to discuss what readers can expect in HousingWire's March magazine issue, which features the 2021 Mortgage and Real Estate Tech100 winnersHW Magazine is a part of the HW+ premium membership community. If you're not a member yet, you can join here to get exclusive, in-depth articles, transcriptions of our podcasts, free registration to HousingWire events and more.

In this HousingWire Daily episode, HW+ Managing Editor Brena Nath covers the latest COVID-19 forbearance extensions. On Tuesday, U.S. Department of Housing and Urban Development's announcement that it extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30, 2021.For the episode, Greg McBride, senior vice president and chief financial analyst for Bankrate.com joins the podcast to share his insights on what the COVID-19 forbearance and foreclosure relief programs means for homeowners and people in the housing finance industry. During the interview, he shares a recap on the past extensions, the pros and cons of the latest extension and at what point he thinks the extensions will stop.

HousingWire Lead Analyst Logan Mohtashami joins the HousingWire Daily podcast to talk about why low mortgage rates need to end. During the interview, HW+ Managing Editor Brena Nath interviews Mohtashami on his most recent article, "We need higher mortgage rates to cool the housing market."  In his article, Mohtashami states, "For 2021, we need to root for a repeat of what happened in 2013-2014 and 2018-2019. Home prices have caught up to per capita income, just like what we saw in 2002. However, mortgage rates are lower today, and demographics better. I feared this could be the case and it's part of why I wrote the Chaos Theory for HousingWire back on Feb 3, 2020. I wrote that if COVID-19 hit us, stocks, the economy, and bond yields would fall, and this means mortgage rates would go down with it."

In today's HousingWire Daily episode, HW+ Managing Editor Brena Nath joins HousingWire Editor in Chief Sarah Wheeler to discuss the hottest topics coming across HousingWire's news desk. In this episode, the pair review President Joe Biden's proposed stimulus and $15,000 tax credit, as well as what it could mean for the housing market if passed.

In today's HousingWire Daily episode, HW+ Managing Editor Brena Nath joins HousingWire newsroom Managing Editor James Kleimann to discuss the hottest topics coming across the HousingWire news desk. In this episode, the pair review Kleimann's recent article that discusses wholesale lender Homepoint's IPO filing on Friday. Nath and Kleimann also dig deep into his scoop on Guaranteed Rate's acquisition of Stearns Holdings, and what this could mean for the mortgage companies going forward.

In today's HousingWire Daily episode, HW+ Managing Editor Brena Nath joins HW Media Founder and CEO Clayton Collins to discuss the hottest topics coming across HousingWire's news desk. In this episode, Nath and Collins reflect on 2020, discussing everything from the pivot to remote work to HW Media's acquisition of REAL Trends. The pair also talk about what's next for the housing industry as it enters 2021 and the recent announcement of Mortgage Editor James Kleimann's promotion to HousingWire managing editor.

Today's HousingWire Daily features a rerun Monday Morning Cup of Coffee interview with HW+ Managing Editor Brena Nath and Magazine Editor Kelsey Ramirez. In this interview, Nath and Ramirez review the HousingWire December/January Magazine issue, which is a part of HW+ Premium Content, and also highlights what the HousingWire editorial team believes could happen for each sector of the housing industry in next year's market. 

In today's HousingWire Daily episode HW+ Managing Editor Brena Nath joins HousingWire Editor in Chief Sarah Wheeler to discuss the biggest topics coming across the HousingWire news desk. Nath and Wheeler review the recent announcement of approval for another round of stimulus checks and examine how this could impact the housing market. The pair also discuss why three brokers are gearing up for a potential battle in court with United Wholesale Mortgage and highlight what economists say is ahead in 2021.For more background on what is discussed, here is a preview of today's interview. The transcript below has been lightly edited for length:HousingWire: What is something that we should all be watching right now regarding the news?Sarah Wheeler: I think the biggest news over the weekend was the stimulus bill going through. There was a lot of hand-wringing over the last month as many wondered the eventual shape of the bill. However, they did get it done, and we now have a stimulus bill. I think many people have focused on the $600 coming through to American households, which is certainly a big part of it, and that's just a stimulus check. But for our audience, we really want to examine the impact on homeowners or renters looking to become homeowners, which is what we're doing a deep dive on today. Jonathan Reckford, CEO of Habitat for Humanity, wrote an op-ed piece for HousingWire last week discussing what he hoped the stimulus bill would include. One of the interesting things in his take on that was that he felt like there should be money for low-income homeowners. There have been quite a few things for unemployed renters but not so much for homeowners based on how much money they make, yet that could greatly impact our industry. I don't see that in this particular stimulus bill, but we haven't dug into it all the way yet.The HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.HousingWire articles covered in this episode:How the latest stimulus impacts renters and homeownersThree brokers go to war with United Wholesale MortgageThe next coronavirus front: evictions and foreclosuresThe pandemic's impact on housing market in 2021

In today's HousingWire Daily episode HW+ Managing Editor Brena Nath joins Mortgage Editor James Kleimann to discuss the most compelling articles reported from the HousingWire newsroom. The pair review Kleimann's recent article, which is part of HW+ Premium Content, that digs deeper into the latest mortgage application pull-through rate and why LOs say some applications aren't making it to the finish line.For some background on the interview, here's a snippet of the article:Lonnie Glessner isn't normally one to turn down business. But with origination volume expected to exceed $3.4 trillion this year, stretching the capacity limits of lenders and everyone else in the housing ecosystem, some mortgage applicants simply haven't been worth his while.“I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado. “They are nearly impossible to finance, thus not worth my team's time currently. We can't be chasing rabbits all over the park right now. My team of LOAs, processors, assistant processors, underwriters and closers are still overwhelmed with business…I need to keep it easier for them.”The geo-dome owner was among the tens of thousands of mortgage applicants that didn't end up getting funded during the third quarter. According to the most recent Mortgage Bankers Association report on profits, 72% of mortgage applications in the third quarter were funded by independent mortgage banks, known as the pull-through rate.Historical data from the MBA shows a huge variance in pull-through rates. In the fourth quarter of 2019, the rate checked in at 78%. Its low point over the last five years was 67%, in the first quarter of 2020. For the most part, the pull-through rate has hovered in the low 70s over the last five years.HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.HousingWire articles related to this episode:After 2020's IPOs, 2021 might be the year of MSRCFPB finalizes rules on qualifying mortgagesWhy 28% of mortgage applicants never close the loan

In today's HousingWire Daily episode, HW+ Managing Editor Brena Nath joins Magazine Editor Kelsey Ramirez to discuss the most compelling articles reported from the HousingWire newsroom. Brena and Kelsey review HousingWire Magazine's latest issue, which features several 2021 economic forecasts. The issue, which is part of HW+ Premium Content, also highlights what the HousingWire editorial team believes could happen for each sector of the housing industry in next year's market. For some background on the interview, here's a brief summary of a recent HousingWire article on the 2021 housing market forecast:Even prior to the pandemic, housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.The divide between supply and demand is striking: compared to last year, total new listings increased .22%, while total sales increased 19.29%. Homesnap said this trend could further drain inventory as 2021 approaches.Home prices have risen as a result of the mismatch in homebuyer demand and housing inventory. The average list price for properties that sold rose 6.7% from September to October this year, which Homesnap said is significantly higher than the same figure in 2018 and 2019.As median home prices keep rising, homeowners who originally planned to sell within the next three to five years might list their homes sooner, Homesnap said, freeing up more inventory.HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.HousingWire articles covered in this episode:Even with low inventory, expect a strong 2021 housing market

In today's HousingWire Daily episode HW+ Managing Editor Brena Nath joins HousingWire Editor in Chief Sarah Wheeler to discuss the most compelling articles reported from the HousingWire newsroom. Brena and Sarah review the announcement that conforming loan limits for Fannie Mae and Freddie Mac are now expected to rise, and examine what record low mortgage rates and recent forbearance numbers could mean for the housing market.For more background on what is discussed, here is a preview of today's interview. The transcript below has been lightly edited for length:Q: What other pieces of news should we be watching out for right now?Sarah Wheeler: Even though it was a holiday, Black Knight put out their recent forbearance numbers on Friday and notably, the Mortgage Bankers Association is expected to do the same soon. Black Knight's recent numbers do show a small uptick, but just week over week and  the forbearance numbers we can see right now are still really good. That's great news for all of us. Nobody wants to see a big uptick in forbearances, but also, it just feels like a lot of the people who are in forbearance now have extensions. Those are some things that we're looking at. We're also looking at delinquencies and seeing how its progressing. It's worth mentioning, we have seen an uptick in the amount of interest in distressed properties, which are vacant properties that were probably foreclosed on before COVID-19. We're discovering some really interesting things on that, but forbearance is something we're going to be examining from here until this time next year or longer. Currently, HousingWire has a forbearance FAQ that we've done in coordination with Freddie Mac. It's just to give our industry and consumers information because we still see people coming out of forbearance who have never talked to their servicer. I mean, there's just no reason for that, and that may not be the best move. I think forbearance is always going to be something we're looking at.The HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.HousingWire articles covered in this episode:Fannie, Freddie conforming loan limits increase for 2021Demand for distressed housing returningWhat is mortgage forbearance? Here's everything you need to know

In today's HousingWire Daily episode HW+ Managing Editor Brena Nath joins HousingWire Editor in Chief Sarah Wheeler to discuss the most compelling articles reported from the HousingWire newsroom. Brena and Sarah discuss the recent announcement on the progress of a 2nd coronavirus vaccine and its potential impact on the housing market.For more background on what is discussed, here is a preview of today's interview. The transcript below has been lightly edited for length:Q: Outside of the big news that's trending now, is there any other piece of news right now that's piquing your interest?Sarah Wheeler: I'm interested in how a COVID vaccine might affect interest rates, especially mortgage rates. We know we're in a low-rate environment, which is what's fueling our origination boom right now. So, I wonder if we get this under control, is the Fed still going to stick to that really low-interest rate through the end of 2021 into 2022, which is what they've said and what people are really banking on? I know they don't want to do anything. And, they've been really careful and cautious, so it's not like they want to shake anything up. I think it's going to be interesting because if in fact this vaccine makes a huge difference very quickly, which is still to be seen, I will be interested to see what that looks like for mortgage rates.The other thing that we're really keeping an eye on is forbearance, especially with FHA forbearance. While there are a lot of people exiting forbearance with agency loans, that's not true with FHA, so we are keeping a close eye on that. I think forbearance will be the story and possibly foreclosure, but I think there's going to be more forbearance in the next six months.The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.HousingWire articles covered in this episode:What the surge in COVID cases means for the housing market this winterMortgage technology is key for lenders and title companies in 2021

In today's Daily Download episode HW+ Managing Editor Brena Nath joins Mortgage Editor James Kleimann to discuss the most compelling articles reported from the HousingWire newsroom. Brena and James discuss president-elect Joe Biden's election win and how it could impact the mortgage industry, as well as Rocket Mortgage's upcoming earnings call.For more background on what is discussed, here is a preview of today's interview. The transcript below has been lightly edited for length:Q: What were some of the top stories that stood out to you last week?James Kleimann: There was only one story that happened in my mind last week and also, it happened to be one of the most well-read pieces, which is the story I did with Tim Glaze about what a Biden administration would mean for housing. There are a lot of national publications and talking heads on cable news, and they talk about the presidency, but there are very few outlets that look at it from the housing goals.What we really wanted to do was to talk to some experts in housing and in the mortgage industry as well, and really try to get a sense of what Biden would prioritize and what would actually be achievable during his term. And that really depends primarily on what happens with the Senate. Last week, we had a lot of clarity on how the electoral votes were shaping up, but we didn't know until Saturday that it would, in fact, absolutely be Biden. But at that point, we sort of operated on the premise that we were probably going to have Joe Biden at 1600 Pennsylvania Avenue, and very likely we were going to have a Republican-controlled Senate. Unless they're able to flip Georgia, which could happen but I don't think people expect it to happen.We really wanted to ask people what is going to happen in the first year or two of a Biden presidency, and for the most part, they said they expect a much more active CFPB, just in terms of enforcement. Another key point is Biden in particular, has talked a lot about using the strength of the federal government to push forward affordable housing initiatives, and in some cases, he might use Fannie Mae and Freddie Mac to strengthen affordable housing. In others, it could be public, private partnerships, kind of like what NYCHA is doing with private ownership in New York City.Q: What is one article or piece of news that you think people need to be paying attention to right now?James Kleimann: I think a lot of companies are going to be paying very close attention to what Rocket Mortgage does in their earnings call coming tomorrow at 4:30 EST. They were projecting record volume and record originations, probably a little bit lower again on sales margin this quarter, but this could be the biggest quarter for Rocket ever. It's just a funny time because you had all of these minor events in the stock market, it was up 600 and it was down 800, it's all over the place and it spooked a lot of the other independent mortgage banks that were looking to go public.The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.

In today's Daily Download episode HW+ Managing Editor Brena Nath is joined by HousingWire Editor in Chief Sarah Wheeler to discuss the most compelling articles reported from the HousingWire newsroom. In today's Daily Download episode, Brena and Sarah discuss Dave Stevens' recent in-depth article that covers the adverse market refinance fee.For more background on what is discussed, here is a preview of today's interview:Q: In your opinion, what's one piece of news that you think people need to be paying attention to?Sarah Wheeler: We just published a piece from Dave Stevens, who is of course the former CEO of the MBA but also the former senior vice president of single family at Freddie Mac, executive vice president at Wells Fargo, and assistant secretary of housing and FHA Commissioner, so a guy who kind of knows what he's talking about. We asked him last week, [to] look at the adverse market fee, given the third quarter earnings of Fannie and Freddie, which came out last week.We really wanted to get his thoughts because there's been a lot of questions on the adverse market fees on refis. It's 50 basis points for the average homeowner right now in the middle of a pandemic. So we asked him to give us his opinion on whether that's really needed. The GSEs had different reasons for doing that and said it was because of risk. They also said it was because of all the work that they're doing with refis and origination.Dave Stevens gave an amazing take on that today that I'd not miss out on reading. I think anyone in the industry would be really interested to see what he says, and he really feels like it has absolutely nothing to do with risk. And given their third quarter earnings, it's really a travesty to put that on homeowners right now. It also affects our industry. But really, it's the bottom line for homeowners who are trying to refi to get into a better economic spot.The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.Q: It's a big week this week. What can we expect to come out of the newsroom today, tomorrow and the rest of the week?Sarah Wheeler: We obviously have the election this week, which is the biggest thing. So, we're going to be interviewing different industry experts on the results. Whether it's the mortgage industry or talking to people in the real estate industry, we want to talk about it. Some top housing issues are really hanging in the balance, like Fannie and Freddie exiting conservatorship, what happens to the FHFA director, what happens to the CFPB. Be sure to tune in starting really late Tuesday night and into Wednesday.We'll definitely be keeping you up to date, especially on the things how the 2020 election impacts housing. While there's tons of election coverage out there, our goal is really to give you the news nowhere else. And if you're in our industry, who else is going to be covering the specifics of how this impacts your business? So that's really our goal.HousingWire articles covered in this episode:

In today's Daily Download episode, HW+ Managing Editor Brena Nath interviews former Consumer Financial Protection Bureau Director Richard Cordray. Cordray served for six years as the first director of the CFPB, and before joining the bureau, he served as Ohio's Attorney General. In this interview, Cordray explains why he thinks the industry needs to redefine how they look at foreclosures. He does this by sharing lessons from the financial crisis and what the road ahead looks like as the industry figures out how to handle the fact that 8.8% of U.S. mortgages are in forbearance. He also discusses the immediate threats in the foreclosure process.“There's a lot of market pressure right now, and there will continue to be. Everybody's going to be fighting to handle this,” Cordray said in response to what advice he would give lenders and servicers given all the unknowns in the market. “The more friendly you can be toward consumers and the more compliant you can be, the better off you are. But again, there are significant economic pressures that are making that hard,” he said. “In the long run, the industry should insist on reforms,” said Cordray. “Right now, I think it's a very, very dramatic and dangerous situation that many services are in, and we could avoid this in the future, and we should. That's what congressional reforms should look to and should put in place so that we learn from the past, just as we did in the last crisis, we can do it again.”HousingWire articles covered in this episode:[PULSE] How should we think about foreclosures?[PULSE] Does the mortgage industry view foreclosure as a last resort?[PULSE] Will servicers be able to flatten the curve in foreclosures?Former CFPB Director Richard Cordray: Are servicers prepared to provide relief to borrowers?

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses former Consumer Financial Protection Bureau Director Richard Cordray's take on whether or not the U.S. housing industry views foreclosures as a last resort.For some background on the story, here's a summary of the article:Markets are shaped by the forces of supply and demand, buying and selling, and how they come into some sort of balance. Markets that operate properly tend toward a discernable equilibrium that is predictable and sustainable. But many things can disturb this equilibrium. We might say, paradoxically, that market forces are fragile in being liable to disturbances, but once disturbed they have a powerful tendency to recover an eventual balance.But economic markets differ in the mechanisms that restore them to equilibrium after any notable disturbance. Some markets experience greater frictions that slow their recovery. In the pure models of academic economists, prices immediately (or at least quickly) adjust to achieve balance among buyers and sellers, the mathematics take their own course, and equilibrium is restored as the natural and seemingly inevitable state of the market.As the Great Recession showed, however, that does not happen in any serious dislocation of the housing market. When a borrower falls behind on the mortgage, there is one ultimate method for collecting on the unpaid debt: foreclosure.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers Labor Department data that indicates another 2.1 million Americans filed for unemployment last week, Freddie Mac's Weekly Primary Mortgage Market Survey that shows mortgage rates fell to another all-time low, and fintech news from SmartRent and Amazon. But before you listen, here's a brief word from our sponsor.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:      [PULSE] Does the mortgage industry view foreclosure as a last resort?      Jobless claims top 40 million as pandemic layoffs hit 1 in 4 workers      Mortgage rates hit another all-time low      Amazon among companies helping apartment platform SmartRent raise $60 million

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses whether or not the U.S. housing market is beginning to recover from the COVID-19 pandemic's impact.For some background on the story, in an article, columnist Logan Mohtashami writes:If we are diligent, we will be able to identify the return of hope and light coming back into the American economy. While no one could truly know when we'll see the end of the coronavirus, we can at least know what signs to look for that the housing market is on the rebound: Flattened Curve: The first, and in fact, a prerequisite event that will indicate that the economy will come out of this tunnel is the turning of the number of new cases of infection from positive to flat or negative.  End of Stay-at-Home Orders: The second and also prerequisite indicator that the economy will be getting back on track is the lifting of stay-at-home orders.10-Year Yield Goes Above 1%: Dramatic changes in the bond markets were the harbingers of our oncoming economic decline and will be the beacons for our recovery.Decline in Credit Stress and Jobless Claim: When credit stress and jobless claims start to fall, you can believe we are on the road to recovery.Data from the hardest-hit sectors starts to trend upward: Some of the hardest-hit business sectors will show recovery first because the declines have been so horrific.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers the Mortgage Bankers Association's weekly applications survey, an announcement from Zillow that it has resumed and expanded its ibuying service, and house price gains in Massachusetts' housing market.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Is the housing market already rebounding from COVID-19?Jump in mortgage applications for home purchases shows buyers are backZillow Offers resumes buying in five more marketsMassachusetts house prices gained 11%, outpacing the nation

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses how the mortgage industry should be thinking about foreclosures during the nation's economic downturn.For some background on the story, here's a brief summary of the article:The current economic collapse raises pressing questions about what lessons we learned from the last one. No two crises are ever the same. Although they have many common elements, which flow directly from an extended plunge in economic activity, they have distinct causes and hence different trajectories. At a minimum, the reform measures that were put in place to address aspects of the prior crisis will alter the course of the next one.The Great Recession, which lasted from December of 2007 to June of 2009, is of special interest here because it was an economic collapse brought about specifically by failures in the housing and mortgage markets. Some blame government policy for those failures, and it bears some share of the responsibility. Yet the greater weight of the evidence has shown that rampant Wall Street financial speculation was the core of the problem. The traditional approach to housing and mortgage financing became distorted by new mortgage-based investment instruments, leveraged lending, and lax underwriting, all of which turned out to be grounded in ill-founded assumptions.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers a forbearance report from the Mortgage Bankers Association, data from Zillow that shows a rebound in April's pending home sales and Fannie Mae and Freddie Mac's new online resources for consumers.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:[PULSE] How should we think about foreclosures?Mortgages in forbearance rise to 4.2 million, MBA saysMore good news for May: newly pending sales up almost 50% from same period in AprilFannie Mae, Freddie Mac launch online resources for consumers

In today's Daily Download episode, HW+ Managing Editor Brena Nath interviews Mortgage Bankers Association Senior Vice President and Chief Economist Mike Fratantoni on the giant uptick in forbearance requests in the industry, along with the impact these requests are having on the industry. According to the latest information from the MBA's Forbearance and Call Volume Survey, as of May 17, the total number of loans now in forbearance now sits at 8.36%, meaning there are about 4.2 million homeowners now in forbearance plans. When it comes to the biggest challenges that servicers are facing, Fratantoni said, “For servicers, one of the real challenges that they've been wrestling with is how to clearly communicate what those potential exits are from forbearance.”“Thankfully, Fannie Mae and Freddie Mac have been out with some recent updates to their scripting and the launch of their deferral option, which we think in many cases is probably the most likely exit for a lot of borrowers,” he added. Fratantoni also commented on the biggest challenges that lenders are dealing with, saying “On the lending side, there have been all kinds of complications for someone who does or does not miss pay their payments under forbearance. Does just the simple fact of being in forbearance alter their ability to get a refinance or buy a new home? That's something that I think the FHFA and the GSEs are still struggling with.”Fratantoni wraps up the interview by sharing his thoughts on the impact that the increase in forbearance requests could have on the potential for future delinquencies as borrowers start to exit forbearance at the end of this pandemic.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing and mortgage industries but are also helping Move Markets Forward. Hosted by the HW team and produced by Digital Producer Alcynna Lloyd.

In today's Daily Download episode, HW+ Managing Editor Brena Nath spotlights New York City's struggling housing market, as the metro is experiencing a significant decline in residential sales.For some background on the story, here's a brief summary of the article:New York City is the U.S. epicenter of the coronavirus pandemic, and the local economy has been harshly impacted by the health crisis. But the city's residential real estate market was facing problems before the pandemic hit town.  According to the Real Estate Board of New York, the city's total sales volume during the first quarter of this year fell 16% year-over-year from $10.5 billion to $8.7 billion. Total residential transactions also took a 16% year-over-year hit, down from 10,382 sales in the first quarter of 2019 to 8,702 sales during the first three months of this year.But after the pandemic paralyzed the city's economy and created a healthcare nightmare in its hospitals, the housing market took an even sharper dive.According to data from PropertyShark, residential sales activity sank from the second week of March to the end of the month in a 61% year-over-year freefall. Sales activity during the first two weeks of April were 62% below the same period one year earlier.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers a report from Black Knight that claims U.S. mortgage delinquencies nearly doubled in April, data from Redfin that indicates the nation's affordable housing markets are experiencing an uptick in home prices, and Freddie Mac's weekly Primary Mortgage Market Survey.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:New York City's housing market struggles under lockdown with residential sales down 61% YOYMortgage delinquencies nearly double in April on COVID-19 shockAffordable housing markets see prices rising as the number of homes for sale continues to dropMortgage rate drops to within 1 basis point of all-time low

In today's Daily Download episode, HW+ Managing Editor Brena Nath interviews HousingWire Mortgage Editor Ben Lane to discuss the current record low interest rates and the likelihood that rates will sink below 3% this year as the coronavirus pandemic continues to affect the economy. For some background on the interview, here's a small snippet of his article:Until about three months ago, it was basically unthinkable that interest rates would ever fall below their record low of 3.31%, which was set in November 2012. But then the coronavirus happened.And as the virus was wreaking havoc on the world and its economy, interest rates not only broke that record; they've since settled comfortably below the previous all-time record level and stayed under 3.3% for three straight weeks.But is it possible that interest rates are on the verge of falling to levels no one ever thought they'd see: under 3%?The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Are mortgage rates about to fall below 3%?

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses how the mortgage industry is learning to navigate a changing landscape.For some background on the story, here's a brief summary of the article:The lending world is undoubtedly one of the most complex and ever-changing environments within the financial hub. As loan originators, we are required to not only stay abreast of market changes but to also understand them enough to convey this information to our clients and referral partners alike.For many companies, the uncertainty of the market has caused internal lending guidelines to tighten up and may be a point of contention amongst originators. So how do we handle the complexities? How do we have those conversations with our referral partners and even those sometimes-difficult conversations with clients in our pipelines? Further, do we revert to a fight or flight mentality? In order to be efficient in advising clients and partners on the daily changes, it is important to be armed with not only the current market but also what the future forecast may look like. This will allow for originators to be able to have fluid educated conversations with clients and partners on when is the best time to move forward with their home purchases and/or refinances and when is a good time to lock their rates. This will help provide the tools for clients to make the necessary decisions regarding their personal situations. Following the main story, HousingWire Digital Producer Alcynna Lloyd covers Fannie Mae and Freddie Mac's first step towards ending conservatorship, data from the Mortgage Bankers Association that suggests the forbearance rate is slowing its pace, and a forecast from Fannie Mae that projects mortgage refinancings to climb to a 17-year high.HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:[PULSE] Lending in a new world: How to navigate this changing landscapeFannie Mae and Freddie Mac head for the exit as COVID-19 ragesHas the mortgage forbearance curve flattened?Mortgage refinancings set to surge to a 17-year high

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses how social distancing has spurred a growing demand for digital mortgages.For some background on the story, here's a brief summary of the article:With the COVID-19 pandemic discouraging or entirely halting in-person meetings with lenders and appraisers, the adoption of digital mortgages has accelerated. Advances in technology have stepped up to address the stickiest non-digital segments of the mortgage application process.The current situation has added fuel to a decade-long trend among banks and lenders to provide more and better digital products and services. For mortgage lenders, that means offering as much of an end-to-end experience – underwriting to approval to closing – as possible for prospective borrowers. This has grown from an electronic application to include more complex parts of the process, such as notarization and identification, employment and income verification, even inspection and appraisal.At the same time, digital mortgage technologies – especially advances in video applications – have evolved enough to successfully balance borrowers' need for speed with a human touch. Complex steps that often require human interaction, such as explaining final loan documents or understanding mortgage terms and options, can increasingly be done digitally.As COVID-19 has complicated or discouraged homebuying, it also accelerated existing trends in mortgage lending. Those lenders that have already invested significantly in developing sophisticated and proven online and mobile solutions sit in the best position to benefit from the shift.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers an extended foreclosure and eviction freeze from Freddie Mac, Fannie Mae and the Department of Housing and Urban Development, a partnership between J.P. Morgan Asset Management and American Homes 4 Rent to build thousands of new rental homes, and Freddie Mac's weekly Primary Mortgage Market Survey.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:[PULSE] Social distancing spurs the growing embrace of digital mortgagesFannie Mae, Freddie Mac, HUD extend foreclosure and eviction freezeJPMorgan Chase, American Homes 4 Rent plan to build thousands of single-family rental homes

In today's Daily Download episode, HW+ Managing Editor Brena Nath examines if right now is a good time for Americans to purchase homes.For some background on the story, here's a brief summary of the article:This spring home-buying season is anything but normal. What traditionally has been known as the busiest season for buying and selling homes has been upended by COVID-19. The pandemic has spurred concerns about people entering homes and job security, all while potential buyers are hearing that interest rates are lower than ever but are being met with extremely tight credit restrictions. At the same time, a growing number of borrowers are filing forbearance requests.Despite the list of evolving challenges, one thing that is still true this buying season is that there's a lot of pent-up demand. Although some of the conventional thinking on what makes now a good time to buy still remains true, there are new factors for home shoppers to consider, especially since the last recession was drastically different than this one.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers a new relief bill introduced by House Speaker Nancy Pelosi (D-CA), a forbearance announcement from Fannie Mae and Freddie Mac, and a report from LendingTree that claims Google searches for “homes for sale” have rebounded.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Is now a good time to buy a home?House set to pass $3 trillion relief bill as Fed chairman urges Congress to spendFannie Mae, Freddie Mac: Borrowers in forbearance can defer all missed payments until the end of their loanSearches for “homes for sale” rebound 54%

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses why forbearance has become a scarlet letter on consumer credit reports.For some background on the story, here's a brief summary of the article:Mortgages in forbearance as a result of COVID-19 have to be reported as “current” on credit reports.That's the law, as laid out in Section 4021 of the CARES Act passed by Congress at the end of March. It says servicers “shall report the credit obligation or account as current.”But, it turns out there's a workaround that can make it difficult for people with mortgages in forbearance to get another home loan after the COVID-19 crisis is over – for as long as a year after the forbearance period ends. That can impact their ability to refinance or buy a home when times are better.The CARES Act doesn't mention the comments section of credit reports, and that's where forbearance notations are going. Any reference to forbearance on a credit report, including in the comments section, can be a “scarlet letter” for an applicant hoping to get a new mortgage, said David Stevens, the former head of the Mortgage Bankers Association who is now CEO of Mountain Lake Consulting.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers a report from Realtor.com that claims the housing market will bounce back this year, data from Avail that indicates the number of incomplete rent payments has risen 93% during the COVID-19 pandemic, and the Mortgage Bankers Association's Weekly Mortgage Applications Survey, which reports an uptick in purchase demand.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Forbearance becomes a ‘Scarlet Letter' on credit reportsRealtor.com: Housing market will bounce back this year, but the rebound will be short-livedNumber of incomplete rent payments rise 93% during pandemicMortgage applications for home purchases increase

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses the housing industry's catch-22. Currently, mortgage interest rates are lower than ever, but millions of U.S. borrowers still can't receive a home loan.For some background on the story, here's a brief summary of the article:Despite the fact that mortgage rates have been at or near record lows for more than a month, millions of potential borrowers are facing a situation where it's simultaneously never been a better time to buy a home and never been harder to get a mortgage; a true mortgage catch-22.Ironically, the cause of both the record low-interest rates and certain borrowers' powerlessness to take advantage of those rates is the same thing: the coronavirus. Even as the impact of COVID-19 has driven mortgage rates down, the virus has also crippled the U.S. economy, sent unemployment skyrocketing, and altered the mortgage lending landscape so deeply that it may take years to recover.That's leading to millions of would-be borrowers being left behind thanks to a brutal combination of factors that's making it nearly impossible for them to get a loan, even if they want and could get one otherwise.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers the Mortgage Bankers Association report that claims almost 4 million mortgages are now in forbearance, housing market research from Amherst that claims government resources are leaving renters behind and MBA data that indicates the mortgage delinquency rate jumped in the first quarter of 2020.HousingWire articles covered in this episode:Mortgage catch-22: Interest rates are lower than ever, but millions of borrowers can't get a loanAlmost 4 million mortgages are in forbearance, MBA saysGovernment resources are leaving renters behindMortgage delinquency rate jumps with forbearances tallied as overdue

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses the housing industry's role in reviving the U.S. economy.For some background on the story, here's a brief summary of the article:The housing industry got a bad reputation the last time the American economy tanked.Not the houses themselves – most of them are still in place, perhaps painted a time or two since 2008, now being used to home-school children and provide families with shelter from the worst pandemic in more than a century.It was, specifically, a risky sub-sector of home financing – subprime loans – that got packaged into bonds, stamped with Triple-A ratings and sold at huge profits to investors including pension funds and Wall Street banks. When banks started failing, it pushed the nation's financial system to the brink.Now, the housing industry has a chance to redeem its reputation by rescuing the American economy, said Frank Nothaft, chief economist of CoreLogic. Nothaft was the chief economist of Freddie Mac for 28 years, including the time of the housing crash and three years into the recovery.It's a familiar role for the nation's largest asset class: In every recession before the 2008 financial crisis, housing supported GDP as other industries faltered.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers The Treasury Department's Financial Crimes Enforcement Network's investigation into money laundering in the real estate industry, the National Multifamily Housing Council's latest report that indicates 80% of U.S. renters were able to make a rent payment in May and an announcement from New York Governor Andrew Cuomo to extend the state's eviction moratorium through August.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Look for housing to rescue the economy, Nothaft saysFederal government expands investigation into money laundering in real estateAbout 80% of renters were still able to make a rent payment this monthNew York extends eviction moratorium

In today's Daily Download episode, HW+ Managing Editor Brena Nath interviews HousingWire's Ben Lane on how one month nearly broke the U.S. housing ecosystem as the coronavirus pandemic rocked the mortgage industry. Lane has been closely following the pandemic's impact on the mortgage ecosystem, breaking down some of the landmark moments that led to where the industry stands today. He also shares his thoughts on what lies ahead for the mortgages industry since the challenges born out of the COVID-19 pandemic are far from over. Here's a quick preview of today's interview.What were some of the first signs that the virus was impacting the mortgage lending market?As the virus  began spreading, outside of China and then into the European countries and then eventually to the U.S., global investors sought refuge from that kind of carnage in US bonds, which are generally thought of as safer than other financial instruments, and that drove mortgage rates down to record lows, which have since been broken. That drove mortgage rates down to lows that had never been seen before, under 3.3% for a 30-year fixed rate, and that led to a refinance boom that just exploded.He goes on to explain the consequences that this had on the market, along with the biggest pain points that it created. The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:How one month nearly broke the housing ecosystem

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses the Housing industry's scramble to receive loans from the  Payroll Protection Program.For some background on the story, here's what has happened in the industry so far:From April 3 to April 13, about 14% of real estate companies in the U.S. – including sales, leasing and maintenance firms – got funding in the first round of the Payroll Protection Program created by Congress to rescue small businesses, according to loan data from the Small Business Administration.The loans are intended to help companies keep employees on their payrolls amid the worst public health crisis in more than a century. But the program was beset with complications from the beginning, with lenders unable to process initial requests to provide the loans, small businesses unable to properly request PPP funding, and some banks even reportedly favoring their own clients over non-clients.On April 9, Senate Majority Leader Mitch McConnell attempted to add $250 billion to the program using a legislative technique known as unanimous consent. In the end, the bill approved by the Senate on April 22 had $320 billion of additional funding for PPP, with $60 billion earmarked for community banks and small lenders.        But because of the way the loan distributions were initially handled, the industry-share numbers could change and for many small businesses trying to get a loan, the experience has felt a bit like being in a mosh pit – those areas at heavy metal concerts where body slamming is the rule.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers a Fannie Mae forecast that projects U.S. refinance volume hitting a 7-year high, The Labor Department's data that shows another 3 million Americans have now filed jobless claims, and Freddie Mac's Primary Mortgage Market survey that indicates the average mortgage rate is 3 basis points away from another all-time low.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Housing joins mosh-pit scramble for PPP loansRefinancings may hit a 7-year highAnother 3 million Americans file jobless claimsAverage mortgage rate is 3 basis points from all-time low

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses former Vice President and current Democratic Party presumptive nominee Joe Biden's plans to support black businesses and homeownership.On Tuesday, Biden urged voters to support his plans to boost the economic prospects of black Americans, including an increase in homeownership.Biden reiterated the proposal he made during the heat of the primary campaign to create a new public credit reporting agency within the Consumer Financial Protection Bureau that would replace for-profit credit reporting companies like Experian.Biden also proposed establishing national standards for housing appraisals aimed at ending “the undervaluing of homes in African American neighborhoods,” without providing specifics.Additionally, he urged Congress to reserve half of all new relief funds for small businesses with 50 or fewer employees, a category he said includes 98% of all minority- and women-owned businesses.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers a report from the Mortgage Bankers Association that indicates the nation's banks now have the largest share of mortgages in forbearance, Zillow's housing forecast that predicts home price declines throughout the rest of 2020, and the MBAs weekly applications survey, which reports an uptick in U.S. mortgage applications.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Biden urges support for black businesses and homeownershipBanks have the biggest share of mortgages in forbearanceZillow predicts small home price drop through rest of 2020Americans are buying homes again, mortgage data shows

In this custom episode presented by Ellie Mae, HW+ Managing Editor Brena Nath talks to Ellie Mae Senior Vice President of Product Strategy and Management Eric Connors on how the mortgage industry is going to move forward in this new normal due to the COVID-19 pandemic. Now that it's the beginning of May and more states are starting to provide updates around the stay-at-home orders, Connors shares how the industry has been learning to adjust to the changes in the market, such as the reduction in rates and the increase in volume, all while figuring out the new normal of working from home. Given how COVID-19 has changed how people in this industry view technology both internally and externally, Connors states, “Imagine if this event had happened 10 years ago on the state of things like the internet, the bandwidth, videos, zoom, all of these things 10 years ago, was a very, very different environment?” He adds that the industry has made significant strides in how they accept this whole process, saying it is going to be very ground-shaking in what it means to the digital part of people's lives and how they engage with and leverage tools. The other area that Connors emphasizes is the impact that the pandemic is having on the eClosing side of the equation. "This is obviously going to become a higher priority for many of the lenders out there. In particular, the remote online notary and a lot of the legislative constraints that we've had around that I think are likely to start seeing some movement,” he states.  “I think those are going to be two things to sort of watch out for as we go through how this new norm of adopting and leveraging technology, maintaining that engagement, even though we are remote, and then sort of the legislative side of this where we have had legislation in the way of making that more realistic for the experience.” Lastly, as the industry continues to collaborate at the Ellie Mae Virtual Experience conference, Connors shares some of the biggest trends he's hearing from lenders and what tips and tools people should bring into the rest of 2020. The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines.For the latest updates on Ellie Mae's Virtual Experience 2020 Conference, go here. 

In today's Daily Download episode, HW+ Managing Editor Brena Nath covers a PULSE article from former Mortgage Bankers Association President David Stevens on his thoughts on how the Federal Housing Finance Agency's actions have resulted in significant credit contraction for the mortgage industry.In his HousingWire PULSE article, Stevens says:It is now over one month since the CARES Act was passed, creating a blanket forbearance option for all borrowers in a GSE, FHFA, VA, or USDA loan to skip six to 12 months of payments. Legislation established by Congress with the intent of calming concerns of homeowners across the country has thrust an entirely new credit availability contraction over the entire nation.Because of the rush to pass legislation, the unforeseen adverse impacts could not have been fully vetted in advance. As a result, we found a multitude of challenges, but it really came down to these two:How would mortgage servicers come up with the tens of billions in needed advances to bond holders of loans in forbearance?What about borrowers who went into forbearance after settlement and before the loans were sold to the GSEs or into GNMA securities?Unfortunately, the FHFA director made some unwelcome judgmental comments and policy decisions that have resulted in an unprecedented tightening of credit across the entire mortgage industry, threatening to impair a key sector of the economy that some economists were expecting would help lead us back to recovery.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers Fannie Mae's announcement that more than 1 million of its borrowers are already in forbearance, plans by the nation's top GSEs to make payments directly to investors for loans that stay in forbearance longer than four months, and a report from OJO Labs that details how COVID-19 has changed the mindset of U.S. potential homebuyers.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:[PULSE] David Stevens: FHFA actions resulted in unprecedented tightening of creditFannie Mae already has 1 million mortgages in forbearance, but thinks that number may doubleFannie Mae, Freddie Mac are preparing to cover servicers' advances on loans in forbearance

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses whether or not COVID-19 will derail the U.S. housing market.In an HW+ PULSE article, contributor Rick Sharga says:Like most of the news surrounding the COVID-19 global pandemic, reports about the U.S. housing market have been discouraging. Year-over-year listings of homes for sale have plummeted – in the worst-hit markets like New York City, listings are down 80% compared to April 2019. Home sales began to slow down dramatically in the last half of March, and are expected to drop even more drastically in April and May, which are usually two of the months with the highest volume of home sales. Pending home sales are off over 30%. And over 3 million homeowners have applied for mortgage payment forbearance, causing at least some concern about a large number of potential defaults at the end of the forbearance period. None of this should be surprising, under the circumstances. With almost every state in the country implementing some form of shelter-in-place order and shutting down most non-essential businesses, more than 25 million citizens filed for first-time unemployment benefits over the past four weeks. Given all of this, anything other than bad news in the housing market would be a huge surprise. The question isn't whether housing numbers will continue to suffer until the pandemic recedes and the economy has a chance to begin its recovery. It's what happens after that.Following the main story, HousingWire Digital Producer Alcynna Lloyd spotlights Michigan's resilient housing ecosystem, the Department of Housing and Urban Development's Office of the Inspector General's report that indicates some of the nation's largest mortgage servicers are providing borrowers with inadequate forbearance information, and Wells Fargo's announcement that they will no longer accept applications for new HELOCs.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:[PULSE] Learning from past pandemics: Will COVID-19 derail the housing market?Under tight state restrictions, Michigan's housing market perseveresHUD watchdog: Some servicers are providing wrong information about forbearance

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses why some believe the housing sector needs its own version of the Paycheck Protection Program for businesses that own and operate multifamily housing.In a HousingWire PULSE article, contributors Carol Galante and Barry Zigas say:The one-third of American households who rent their homes are facing unprecedented pressure from the economic fallout of the coronavirus pandemic. Without immediate help, families will face either eviction or crippling unpaid rent bills. The owners of rental properties will increasingly find themselves without the money needed to pay regular expenses including for health and safety measures, utilities, property taxes and payroll.  If ignored, the problems will get worse. Without federal support, the country will suffer cascading negative impacts throughout the economy.There is a solution. We propose a program like the Small Business Administration's Paycheck Protection Program (PPP), but directed specifically at the businesses that own and operate rental housing. It would be structured to provide funds, on an ongoing monthly basis, to substitute for lost rental income for as long as it is needed.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers Freddie Mac's Primary Mortgage Market Survey data that reveals U.S. mortgage rates have now fallen to a new all-time low, the Labor Department's report that indicates the nation's jobless claims have spiked to 30 million during the COVID-19 pandemic, and the Federal Reserve's decision to slow the pace of mortgage purchases.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:[PULSE] Renters need help now – Here's how to deliver itMortgage rate hits all-time low after Fed rescueS. Jobless claims topping 30 million during the COVID-19 pandemicFed is slowing the pace of mortgage purchases 

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses whether or not the COVID-19 pandemic will spur home-buying migration from dense U.S. cities.When state governments ordered residents to stay at home more than a month ago, it triggered a wave of temporary migration. While some in the Northeast flocked to Florida, others, wary of germs easily spreading in high-rise building elevators and through dense city life, rented homes in the suburbs. Still others, particularly young single adults, packed bags and moved back in with their parents.As states plan to reopen their economies, what changes COVID-19 will have on the housing market remain to be seen. Demographers and Realtors alike predict this is a tipping point for people who've already been dreaming of backyards, private pools, and more space. It will accelerate trends that were already happening, they said, and bring a new level of consideration – whether people upgrade their apartments and condos for larger units or move out of dense cities altogether.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers the Commerce Department's report that indicates coronavirus has ended America's longest economic expansion, the Mortgage Bankers Association's weekly mortgage applications survey that reveals the nation's home purchase applications are on the rise and the National Association of Realtors' pending home sales report, which highlights U.S. pending home sales declined 20.8% in March.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Will COVID-19 spur a migration from dense cities?COVID-19 kills America's longest economic expansionHome purchase applications rise as coronavirus slowdown begins to thawPending home sales tumble on COVID-19 shock

In today's Daily Download episode, HW+ Managing Editor Brena Nath interviews HousingWire's Kathleen Howley on how Federal Reserve Chairman Jerome Powell rescued the mortgage market, initially announcing plans on March 15 to buy bonds in the form of $500 billion in Treasury bills and $200 billion of mortgage-backed securities.On a Sunday night call with journalists in mid-March, four days after the World Health Organization had labeled COVID-19 an “alarming” global pandemic, Federal Reserve Chairman Jerome Powell laid out his plans to rescue the U.S. economy.Powell started by expressing concern for the victims of the coronavirus and for the harm caused by the economic shutdowns, describing the “stay at home” orders being issued by state governors as “essential for containing the outbreak.”He also announced more than half a dozen new measures the Fed would employ to buffer the economic blow of the shutdowns, including the Fed's biggest foray into the bond market in over a decade.The bond-buying would take the form of $500 billion in Treasury bills and $200 billion of mortgage-backed securities, Powell said on that March 15 call.Both would support the mortgage market because the investors who decide what yield they're willing to take for MBS – and thus what interest rate borrowers pay for home loans – benchmark their decisions off the yield for long-term Treasuries, especially the 10-year bill. Yields shrink when competition for bonds goes up.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:How Fed Chairman Powell rescued the mortgage market

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses some of the biggest challenges facing U.S. mortgage servicers during the Covid-19 pandemic.To get a reading on how people in the mortgage industry are handling the ever-changing impact of coronavirus, HousingWire surveyed its own LendingLife readers and received dozens of replies on how they're handling the current lending environment. The answers from these lenders vary drastically from person to person, showing there is no one-size-fits-all solution for getting through this crisis.One Texas-based sales manager stated his company has taken multiple steps during the coronavirus pandemic, including temporarily raising minimum FICOs on all government loans to 640 and suspending non-traditional credit and all bond and DPA programs. Echoing similar challenges, another respondent working at a Denver-based brokerage said he now operates with a limited range of available offerings and overlays that threaten to terminate a borrower who would otherwise be qualified.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers what three prominent industry leaders theorize the housing market could behave like after the Coronavirus pandemic, RentCafé's report that indicates an upturn in U.S. multifamily apartment searches, and Fannie Mae and Freddie Mac's declaration that borrowers in forbearance living in homes owned by the GSEs will never be required to make up missed payments in a lump sum.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:We asked lenders about their biggest challenges right now — here's what they saidWhat does the mortgage industry's post-pandemic future hold?Apartment searches have reboundedFannie Mae, Freddie Mac remind borrowers and servicers that mortgages in forbearance do not need to paid back all at once 

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses an announcement from the National Credit Union Administration (NCUA) that credit unions can now delay appraisals up to 4 months after a mortgage closes. Last week, Federal banking regulators moved to allow banks to delay getting an appraisal on a property for as many as 120 days after a mortgage closes, and now, credit unions can do the same thing.In order to “allow credit unions to expeditiously extend liquidity to creditworthy households and businesses in light of recent strains on the U.S. economy as a result of the National Emergency declared in connection with coronavirus disease,” the NCUA will allow credit unions to postpone obtaining an appraisal until four months after a mortgage closes.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers the Labor Department's latest report that indicates U.S. jobless claims rose by 4.43 million last week, Freddie Mac's weekly Primary Mortgage Market Survey that reveals mortgage rates slightly ticked up to 3.33% and the U.S. Census Bureau's new-home sales report that reveals new-home sales tumbled 15.4% in March, marking the biggest drop in more than six years.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Credit unions can now also delay appraisals until 4 months after a mortgage1 in 5 Americans lost a job because of COVID-19, initial claims showAverage U.S. mortgage rate ticks up to 3.33%New-home sales plummeted in March

In this custom episode presented by Ellie Mae, HW+ Managing Editor Brena Nath talks to Ellie Mae Senior Vice President of Marketing Jonas Moe. Moe shares some advice on how to  pivot marketing strategies right now given the new social distancing world we're in. Using their own Ellie Mae Experience conference as an example, Moe explains what it means to think of things virtually first, since the idea of having face-to-face meetings is so ingrained. When it comes to this new way of engaging with peers, Moe adds, “I think one of the things that a lot of us are adjusting to is what success looks like, and how do I measure success in that virtual world?”He also touches on how Ellie Mae's Virtual Experience 2020 Conference kicked off this week, opening the door to a new type of networking experience and collaboration. “We've adapted a lot of content to be relevant to the time we're in now. Even thinking about where we were 60 days ago to where we are now, we've adapted a lot of the sessions and rejiggered them in many ways to talk about how businesses go forward in this COVID-19 world,” says Moe. “I want people to walk away understanding what Ellie Mae can do for them from a business perspective, and I want them to collaborate with each other so that they understand what tips and tricks are making them successful in this world where they've had to adapt their whole workforce.” With Ellie Mae's Virtual Experience 2020 Conference in full swing, they also announced that they will be donating  $10 for every person who registers for Virtual Experience to GetUsPPE.org, an organization that is providing personal protective equipment to the doctors, nurses and first responders on the front lines. They will be donating up to $50,000 based on registrations.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines.For the latest updates on Ellie Mae's Virtual Experience 2020 Conference, go here. 

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses the Federal Housing Finance Agency's announcement that Fannie Mae and Freddie Mac will now begin buying some mortgages that are in forbearance. Citing the need to keep the mortgage market “working for current and future homeowners during these challenging times,” the FHFA announced Wednesday that it is allowing the GSEs to buy loans that go into forbearance within the first month.Under the GSEs' current policies, Fannie and Freddie do not buy loans in forbearance. But given the unprecedented rise in forbearance due to the coronavirus, today's action lifts that restriction for a limited period of time and only for mortgages meeting certain eligibility criteria, the FHFA said in a statement.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers the Senate's approval of additional funding for the nation's small-business loan program, the FHFA's home price index, which indicates an uptick in home prices for the month of February, and the Mortgage Bankers Association's weekly applications survey, which reported a retreat in mortgage application volume last weekThe Daily Download examines the most captivating articles reported by the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Fannie Mae, Freddie Mac will begin buying some mortgages that are in forbearanceSenate approves additional funding for small-business loan programHouses prices gained 5.7% in February, FHFA saysMortgage application volume dipped last week, MBA says

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses the Federal Housing Finance Agency's move to help mortgage servicers that collect payments on loans backed by Fannie Mae and Freddie Mac. For the last several weeks, the mortgage servicing industry has been crying out for help, lobbying the government to set up a federally backed liquidity facility for servicers to address the rapid rise in forbearance due to the coronavirus. Rather than setting up a liquidity facility, which would help servicers cover the principal and interest payments they are required to send investors on loans that are in forbearance, the FHFA is changing Fannie and Freddie's policies to limit the number of payments servicers will be required to make.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers Fannie Mae and Freddie Mac's decision to delay the mandatory use of the new Uniform Residential Loan Application, a new rule that will allow banks to postpone property appraisals 120 days after a mortgage closes, and a new report from the National Association of Realtors that reveals existing-home sales declined by 8.5% in the month March.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Fannie Mae, Freddie Mac will only require servicers to advance 4 months of payments on loans in forbearanceCoronavirus delays new Uniform Residential Loan Application until March 2021Banks can now postpone some appraisals until 120 days after a mortgage closesHome sales tumbled in March as pandemic hit

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses the nation's ongoing spring home-buying season as data indicates an uptick in demand despite COVID-19 pessimism. In an article written by HousingWire's Phil Hall, several housing industry experts question doom-and-gloom forecasts, pointing to continued activity in the mortgage space. One, in particular, Paul Buege, president of Inlanta Mortgage in Pewaukee, Wisconsin, observed that the crisis is having “an impact on some of the first-time homebuyers that are in the lower credit spectrum." He also pointed out that those most impacted by current economic mayhem are not driving the market and have pretty much pulled themselves out of the spring home-buying season for the moment. Following the main story, HousingWire Digital Producer Alcynna Lloyd covers Black Knight's recent forbearance data that indicates nearly 3 million American borrowers are already in forbearance, Realtor.com's new online feature that allows potential homebuyers to virtually tour homes and a pledge from three of the nation's biggest credit reporting agencies to provide consumers with free credit reports once a week for the next year.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Homebuyers still shopping despite coronavirus-fueled pessimismNearly 3 million borrowers are already in forbearancecom launches Livestream Open HousesFree credit reports are now available for everyone, every week

In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses the mortgage industry's determination to revive the Paycheck Protection Program, a landmark piece of the CARES Act designed to help small businesses continue functioning while the coronavirus has the country shut down. On Thursday morning, the federal government's rescue program ceased accepting new applications, leaving countless businesses without an alternative to secure funding to continue paying their employees. The Paycheck Protection Program provided nearly $350 billion to help small businesses, but just over two weeks after lenders were first able to accept loan requests, the Small Business Administration said the program's funding has been exhausted.Following the main story, HousingWire Digital Producer Alcynna Lloyd touches on a new call from a housing and civil rights coalition that includes the CEO of Mountain Lake Consulting and former Mortgage Bankers Association chief executive David Stevens, along with national and regional civil rights organizations and minority-focused real estate trade associations like the NAACP, the Asian American Real Estate Association and the National Association of Hispanic Real Estate Professionals. The groups came together to push for the creation of a federal liquidity facility for U.S. mortgage servicers.Additionally, Lloyd covers a new survey published by the National Association of Realtors, which details the housing market's evaporation of homebuyer interest, and JP Morgan Chase's temporary pausing of home equity lines of credit.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.Check back next week for updates on the Paycheck Protection Program and the latest pulse on the top news stories.HousingWire articles covered in this episode:Industry goes to battle to revive small business rescue programHousing and civil rights coalition demands federal liquidity facility for servicersNAR survey details evaporation of homebuyer interestChase stops accepting HELOC applications

The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines.In this custom episode presented by Ellie Mae, HW+ Managing Editor Brena Nath talks with Ellie Mae Chief Operating Officer Joe Tyrrell to discuss the surge in  interest around technology for internal and external purposes due to the COVID-19 pandemic, along with the technology trends that are starting to emerge. Ellie Mae is uniquely positioned to see the juxtaposition between consumer demand in the market and the current state of the secondary market, as they help lenders pull loans all the way through their pipeline and get them into the secondary market.When asked what lessons lenders will learn from this time, Tyrrell said, “I think we'll never be the same. Even when we all return back to our workplaces, employees are going to have new concerns that they didn't have before, and employers, and lenders specifically, are going to have to really think hard about how they prepare themselves for whatever the next situation might be that disrupts their business.”Tyrrell also shares why Ellie Mae decided to make Ellie Mae Insights, its analytics solution that provides peer benchmarking comparison analysis, generally available, adding that lenders now have access to new data to help them make decisions. And with Ellie Mae's Virtual Experience 2020 Conference starting next week, Ellie Mae is set to have a much bigger audience than they've ever had, as they prepare to strategize and plan for the future together. For the latest updates on Ellie Mae's Virtual Experience 2020 Conference, go here. 

In the Daily Download episode today, the Secretary of the U.S Department of Housing and Urban Development Ben Carson joins Digital Producer Alcynna Lloyd in an exclusive interview that breaks down the state of U.S. affordable housing, the nation's lending practices and what HUD and the Federal Housing Administration are doing to address forbearance.Before jumping into the interview, HW+ Managing Editor Brena Nath breaks down the current top stories, which includes the National Association of Realtor's how-to guide on managing work during coronavirus, along with an explanation on why reverse mortgages are getting a second look amid pandemic chaos.During the interview, in reference to the pandemic's impact on the U.S. housing market, Dr. Ben Carson said, "I just really want to emphasize the fact that this too will pass and the impact of it is also going to go away," he said. "But there's a lot of things that will be changed forever in our society, and what we have to do is make sure that we make the best of this situation."The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Here's what unemployed Realtors should do nextReverse mortgages get second look amid coronavirus chaos

The Daily Download examines the most captivating articles reported from the HousingWire newsroom.Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry, but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.Today, HW+ Managing Editor Brena Nath interviews our own Editor-at-large Kathleen Howley on how lenders are tightening their standards by the hour as some borrowers think they don't have to pay their mortgage. After the interview, Brena also gives a quick breakdown of the top stories right now, including how one mega bank just increased their down payment requirement to 20% on all new purchase loans. HousingWire articles covered in this episode:Lenders get stricter as some borrowers think they don't have to payIt may be harder to get a mortgage after coronavirus crisis ends, Calabria saysChase now requires 700 FICO score, 20% down payment to buy a home

The Daily Download examines the most captivating articles reported from the HousingWire newsroom.Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.Today, HW+ Managing Editor Brena Nath covers why Federal Reserve Chairman Jerome Powell is urging caution in reopening the U.S. economy. Digital Producer Alcynna Lloyd discusses the latest mortgage credit availability report, The National Association of Realtors' recent housing survey, which confirms growing concern over the spring housing market, and a CEO's determination to keep all of his staff employed during this economic downturn.HousingWire articles covered in this episode:Fed chairman urges caution on reopening economyMortgage credit availability tumbles to 5-year lowNAR survey affirms concern over spring housing market slowdownUWM CEO Mat Ishbia promises no layoffs during coronavirus slowdown