Mortgage Roundup (4/6/21) – Evictions, Rates & HUD

Good morning! Today is Tuesday, April 6. Treasury Secretary Janet Yellen made a global case for a global minimum corporate tax rate, as she made the case for President Biden’s $2.3 trillion infrastructure proposal. The U.S. will not mandate the use of vaccine passports for travelers or businesses post-pandemic. Supreme Court Justice Thomas argues for making Facebook, Twitter and Google utilities.

And in mortgage and housing news …

EVICTION BAN: The Mortgage Note reports that ban on evictions is creating short term problems for landlords and have long-term impacts on the quality of the American housing supply.

FORBEARANCE: Meanwhile, the number of US mortgages in forbearance fell for the fifth week in a row, The Mortgage Note reports.

RATES STEADY: Homebuyers have gotten a reprieve from sharply rising mortgage rates, a springtime gift for home shoppers who have been getting weary of higher borrowing costs and rising home prices.  

GOVERNMENT ROLE: The government continues to play a strong role in shaping housing policies. 

COMMERCIAL MORTGAGES: Commercial and multifamily loan performance in March was its best in nearly one year, but there was a slight month-to-month uptick in payments missed in the short-term, the Mortgage Bankers Association reported.

HUD HOME: The U.S. Department of Housing and Urban Development can help buyers purchase homes at deeply discounted prices. Here’s how. 

GENTRIFICATION: Does Manhattan’s SoHo haven for art have room for affordable housing?

DOWN PAYMENT: Having a big down payment doesn’t have to be a hurdle to home ownership.  

INDYCAR TEAM: Rocket Pro TPO and Paretta Autosport have inked a sponsorship deal that puts the spotlight on women leaders in the mortgage and racing industries.

SENIOR MORTGAGE: What to know before getting a mortgage in retirement.  

REAL ESTATE ATTORNEY: The six times hiring a real estate attorney can be important in protecting your interests and saving money.