Morning Roundup (8/4/21) — New Eviction Moratorium, Home Debt Spikes

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 post strong gains amid a flurry of refinancing activity.

War of Words: An executive with Rocket is sharply criticizing a decision by UMW regarding refinancing fees.

Wellington Gets Tough: New Zealand’s central bank is cracking down on mortgage lending practices in the hopes of preventing a housing crisis.

Where Can You Buy? The seven most affordable cities for homebuying this year.

Analysis: In Debate Over Evictions, Age-Old Tensions Between Landlords and Tenets Front and Center.”