Morning Roundup (10/22/2021)– “Lull” In Forbearance Drops, Eviction “Tsunami” Still Elusive

Good Morning! Today is Friday, October 22. The CDC endorsed a “mix and match” strategy for distributing Covid-19 vaccine boosters. President Biden said he was open to ending the filibuster in order to pass bills on the debt limit and voting rights. A woman was killed on a Western film set when Alec Baldwin fired a prop gun.

And in mortgage and housing news…

Black Knight: The number of loans in active forbearance fell 0.6% since last Tuesday, entering an expected, mid-month period of “lull”.

“Eviction Tsunami” Still Elusive: As federal protections ended, housing activists warned a “tsunami” of evictions would follow. Where is it?

Counties Face Pandemic Damage: Some housing markets at the county level are still susceptible to damage from the pandemic, according to a new report from ATTOM.

BOA Report: Bank of America reported that family support often plays a key role in helping first-generation homebuyers purchase their home.

New American Funding: New American Funding has hired Mark Tribuna to serve as regional business development manager for Arizona, Nevada, and Central and Northern California.

Evergrande Delays Disaster: Evergrande’s chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Some Markets Still Affected By Pandemic: ATTOM’s Q3 Special Corona Virus Report found some markets are still vulnerable to the economic pressures of the pandemic.

NAR Report: NAR reported that existing home sales rebounded in September after a slow August, likely due to a brief decline in mortgage rates.

“Broadband Gap”: Renters in areas with poor internet connection are struggling to access rental assistance that is largely provided through online portals.