Good Morning! Today is Monday, Aug. 9. A top aide to New York Gov. Andrew Cuomo has resigned amid his ongoing sexual harassment scandal. The U.S. is averaging over 100,000 COVID cases a day, but deaths are much lower than earlier spikes. The U.N. is warning of potential climate catastrophe ahead. The 2020 olympics ended with the U.S. winning the most medals, including the most gold, narrowly beating China. Legendary FSU football coach Bobby Bowden has died at 91. And in mortgage and housing news…Moratorium Infighting: Lobbyists are fuming that the Biden administration left them out of the eviction ban decision. Elderly Home Repair Assistance: The federal government is offering targeted loans to elderly Americans to help with critical repair…
Good Morning! Today is Friday, Aug. 6. Corporations and businesses across the country are increasingly ordering their employees to get vaccinated against COVID-19. The Senate is still struggling to come to agreement on a $1 trillion infrastructure bill. Wildfires are burning in both the U.S. and Europe. The U.S. women’s basketball team is competing for Olympic gold. New York Gov. Andrew Cuomo is facing increasing calls from fellow Democrats to resign. And in mortgage and housing news…Rates Continue Decline: Mortgage rates fell again this week amid ongoing concerns over the COVID delta variant.Good Mortgage Trends: The number of mortgages underwater dropped in the past quarter, while the number of “equity-rich” homes increased.Strong Words: The Washington Post claims that the new Biden…
Good Morning! Today is Wednesday, Aug. 4. President Joe Biden has called on New York Gov. Andrew Cuomo to resign amid sexual harassment allegations. The U.S. continues to lead the pack in medals at the Tokyo Olympics. The United Kingdom is seeing a sharp drop in COVID cases after fears of a sustained wave of the Delta variant. A $1 trillion infrastructure bill continues to drag through the Senate.And in mortgage and housing news…Targeted Eviction Moratorium: The Biden administration has extended the eviction moratorium for areas in the U.S. with “high” COVID-19 transmission.Home Debt Spikes: Americans saw a surge of homeowner debt in the second quarter of this year amid record home prices.A Good Year for GSEs: Fannie Mae continues to…
Good Morning! Today is Tuesday, Aug. 3. U.S. Sen. Lindsay Graham said he tested positive for COVID-19 after being vaccinated against it. The U.S. women’s soccer team lost its shot for the gold against Canada. Alliant became the latest major credit union to ditch overdraft fees. Florida-based Spirit Airlines threw travel into chaos after cancelling more than a third of its flights. Comedian Kathy Griffin announced she has lung cancer.And in mortgage and housing news…An ‘Offensive’ Refund Policy: A major mortgage lender struggles to explain its new rules on refinancing fees. Major Affordability Investment: A longtime housing nonprofit announced it has invested nearly $1 billion in affordable housing over the past year. Mortgage Forbearance Drops Again: The rate of mortgage…
Good Morning! Today is Monday, Aug. 2. Fears are mounting that future COVID variants might be able to evade vaccines. New COVID cases continue to rise throughout the country. Broadway theaters will require vaccinations and masks for all patrons. The U.S. Senate continues to attempt to hash out a trillion-dollar infrastructure bill. Americans took home multiple gold medals in swimming competitions at the Olympics on Saturday. And in mortgage and housing news…It’s Over: The eviction moratorium has expired and “the rent is due” for millions of Americans.Congress Urges Action: House Democrats are calling on the White House to extend the moratorium. Foreclosures on the Horizon, Too: The moratorium on foreclosures also ran out at the end of last month.No Rise…
Good Morning! Today is Friday, July 30. A bitter debate has broken out over new CDC guidance instructing vaccinated individuals to wear masks in some public places. Some corporations are instituting fresh mask mandates based off of that guidance. U.S. gymnast Suni Lee took home the gold medal at the Olympics. Former cardinal Theodore McCarrick has been charged with sexual assault of a minor. The economy grew last month but came in below expectations.And in mortgage and housing news…Rates Remain Stable, Low: Mortgage interest rates mostly stayed flat over the past week, remaining at low levels amid the ongoing pandemic recovery.Eviction Moratorium Goes to Court: A group of landlords have filed suit against the federal government for losses incurred due…
Good Morning! Today is Thursday, July 29. A bipartisan group of senators are closer than ever to a major infrastructure deal on Capitol Hill. Residents of California are being warned to cut their air conditioning back to take stress off the power grid amid a temperature spike. President Joe Biden says federal workers must be vaccinated or else face regular testing. An Alabama police officer was gunned down in his apartment this week. And in mortgage and housing news…Mortgage Applications Up: The Mortgage Bankers Association said U.S. mortgage application activity jumped this week amid signs of a broader market cool-down. More Help for Veterans: The U.S. Department of Veteran Affairs launched a new veteran mortgage assistance program this week.Locals Face…
Good Morning! Today is Wednesday, July 28. The House select committee on the Jan. 6 Capitol riot held its first hearing yesterday. The CDC says that even vaccinated people should wear masks indoors if the regional spread of COVID-19 is “substantial.” U.S. olympian Simone Biles generated controversy this week when she pulled out of her team’s gymnastic final prior to its conclusion. San Francisco is considering a “congestion tax” on high-earning drivers.And in mortgage and housing news…Home Prices Soar: The average home price in the U.S. soared by nearly 20 percent over the past year, according to the Fair Housing Finance Agency.When Will Housing Boom End? When mortgage rates rise next year, according to one expert.Opportunities for Veteran Homeowners: The…
Good Morning! Today is Tuesday, July 27. The U.S. government will continue to impose COVID-related travel restrictions due to fears of the Delta variant. California is sweltering under a new wildfire that has burned nearly 200,000 acres. A bipartisan $1.2 trillion Senate infrastructure deal has stalled on Capitol Hill. New York City plans to impose mandatory vaccination/testing rules for city workers. American Airlines is warning of potential fuel delivery delays at major airports. And in mortgage and housing news…Forbearance Numbers Continue to Improve: The number of U.S. mortgages in forbearance declined for the 21st straight week last week.Mortgage Help From the White House: The Biden administration has proposed a loan modification program to help homeowners afford their mortgages.Favorable Refinance Rates…
Good Morning! Today is Monday, July 26. Strong storms and possible tornadoes have left destruction across wide swaths of Michigan. COVID cases are continuing to rise across the U.S. as deaths stay flat. Speaker of the House Nancy Pelosi has come under fire from her Catholic archbishop for her vocal support of abortion. The U.S. men’s basketball team lost their first Olympic game since 2004. California is planning a fresh wave of state-level stimulus checks. And in mortgage and housing news…Condos Seeing Spike in Interest: Homebuyers are signaling a growing interest in condominiums as above-asking-price purchases spike over historical rates.Sign of Impending Eviction Crisis? Lower governments have been struggling to distribute billions in rental assistance ahead of the end of…
