HousingWire Daily

In today’s Daily Download episode, HousingWire covers the Federal Housing Finance Agency’s recent announcement to postpone the implementation date of the adverse market refinance fee.

For some background on the story, here’s a summary of the article. 

Following the main story, HousingWire covers why Black-owned businesses have been hit hardest by COVID-19, and a report from the Mortgage Bankers Association that indicates mortgage applications fell 6.5% last week, despite mortgage rates hovering around 3%. 

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:

• FHFA delays refinance fee start date to Dec. 1
• Why Black-owned businesses have been hit hardest by COVID-19
• Mortgage applications fall 6.5% as rates hover around 3%

In today’s Daily Download episode, HousingWire covers a survey that indicates the nation’s economists now believe  America is likely to experience a double-dip recession.

For some background on the story, here’s a summary of the article:

Almost 80% of economists say there’s at least a one-in-four chance of a double-dip recession, following a record 32.9% plunge in GDP in the second quarter, according to a survey released on Monday from the National Association for Business Economics.

About 40% of respondents rate the COVID-19 response from Congress as “insufficient” and 37% said it’s “adequate,” according to the survey that summarized the opinions of 235 members and was conducted between late July and early August.

“The panel is split in its view on Congress’s fiscal response to the recession,” said NABE President Constance Hunter, who is KPMG’s chief economist. “Nearly three out of four panelists believe the optimal size for the next fiscal package to be $1 trillion or greater, compared to 17% who favor a smaller package.”

Following the main story, HousingWire covers the Mortgage Bankers Association’s Weekly Forbearance and Call Volume Survey that shows the rate has fallen once again, and a letter addressed to Congress from a  broad coalition of housing organizations that encourages protections for renters and property owners.

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.

HousingWire articles covered in this episode:

• 80% of economists see a chance of a double-dip recession
• Forbearance rate falls to 7.2%, MBA says
• Broad coalition of housing organizations urge Congress to start protecting renters and property owners

In today’s Daily Download episode, HousingWire covers speculation on whether not the Federal Housing Finance Agency is delaying the implementation of a fee that would add a 0.5% surcharge to refinance mortgages sold to Fannie Mae and Freddie Mac.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers an announcement from the Federal Reserve that it has purchased about $892 billion of agency mortgage-backed securities, and a claim from a research associate at the Urban Institute that there’s a problem with the data measuring delinquency and forbearance requests.

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.

HousingWire articles covered in this episode:

• Is the FHFA about to delay the refi fee?
•  Fed purchases of agency MBS total $892 billion
• There’s a problem with the data measuring delinquency and forbearance

Today’s Daily Download episode features an interview with Jarred Kessler, Co-Founder and CEO of real estate tech company EasyKnock. In this episode, Kessler speaks with HousingWire about the U.S. real estate market and weighs in on whether or not it's likely to experience another dip. 

During the interview, Kessler delves into how the COVID-19 pandemic has transformed the housing industry and what trends he’s watching in the real estate market.

"The housing market was acting particularly healthy between the months of March to June, and you're starting to see less support or backstop from the government,” Kessler said. “I think you're going to see a major shift from inventory being scarce to people starting to panic and the housing market starting to really soften up, especially in urban areas where people are leaving to get more space and lower tax areas.”

The EasyKnock CEO also discusses the current state of the housing industry and its increase in supply and demand, and shares his thoughts on whether it will continue to grow or ease up.

"I think [homebuyer demand] can continue to go up in the short term, but I just don’t think it’s sustainable,” Kessler said. “There’s too much damage in the economy in the underbelly right now, to where I believe it will eventually trickle into the real estate market.”

The Daily Download examines the most compelling articles reported by the HousingWire newsroom team. 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:

• Can the housing market withstand the coronavirus?
• Sales of new houses jump to a 13-year high 
• Sales of higher-priced properties drive California median home price to new high in July
• New home construction shoots up 22.6% in July
• COVID-19 changed women's attraction to homeownership
• Are cities really seeing an exodus? Zillow says urban areas have more in common with suburbs than you think

In today’s Daily Download episode, HousingWire covers Realtor.com’s newly released list of 2020’s hottest housing markets according to zip code. 

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers an article that discusses the launch of the new builder review feature on Zillow, as well as Freddie Mac’s Weekly Primary Mortgage Market survey that indicates this week's mortgage rates rose on risk assessment.

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:

• Here are 2020's hottest housing markets according to ZIP code
• Zillow launches consumer-generated builder review feature
• US mortgage rates rise on risk assessment

In today’s Daily Download episode, Mortgage Marketing Radio’s Geoff Zimpfer and HousingWire Editor in Chief Sarah Wheeler discuss forbearance reporting, housing inventory and home prices.

For some background on the interview, here’s a brief summary of HousingWire’s latest article on forbearance rates:

HousingWire articles covered in this episode:

• Fannie Mae, Freddie Mac forbearance rate drops below 5%
• Low mortgage rates and low inventory resulted in more bidding wars in July, Redfin says
• When it comes to home sales, August is the new May, keeping agents busy into the fall

In today’s Daily Download episode, HousingWire covers a report from the Mortgage Bankers Association that indicates the forbearance rate for mortgages backed by Fannie Mae and Freddie Mac have dropped below 5%.

For some background on the story, here’s a summary of the article:

 Following the main story, HousingWire covers a study from Redfin that suggests new interest from city dwellers is raising home prices in rural areas and a joint report from the National Association of Home Builders and Wells Fargo that claims America’s western region is showing the most promise as builder confidence returned to a record high across the country.

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:

• Fannie Mae, Freddie Mac forbearance rate drops below 5%
• New interest from city dwellers raising home prices in rural areas
• The West showing the most promise as builder confidence returns to record high

On today’s episode, HousingWire Editor at Large Kathleen Howley is here to discuss her recent HW+ article on Fannie Mae and Freddie Mac’s announcement last Wednesday to impose a 0.5% fee on refinance mortgages, and how this decision could become an election issue. 

For some background on the story, here’s a summary of the article:

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:

• Fannie, Freddie fee hike may become an election issue
• New fee on mortgage refinances could cost homeowners $1,400

In today’s Daily Download episode, Mark Watson, chief analytics officer at iEmergent, speaks with HousingWire’s Junior Digital Producer Victoria Wickham about the newly released 2020-2024 U.S Total Mortgage Volume Forecast.

iEmergent’s forecast projects this year’s total residential mortgage lending could reach as high as $3.21 trillion, primarily driven by a refinance market that could also reach as high as $2.26 trillion.

Watson said one reason behind the refinance volume is low mortgage interest rates.

"The cost of getting a mortgage now is as cheapest it's ever been," Watson said. "We think that everybody is going to adjust to this new normal and next year should should be back on an upward trajectory."

Watson also discusses the biggest factors impacting the purchase and refinance market and shares one major concern over the health of the housing market from potential problems arising due to mortgage payment forbearances.

If borrowers end up defaulting and having to go into foreclosure, it "presents a real problem for the entire housing market,” he said. According to the latest report from the Mortgage Bankers Association, approximately 4.2 million homeowners are now in forbearance.

Closing out the interview, Watson said, "We still have a situation where the inventory of homes available for sale is still very tight, but for potential homebuyers that find a home that they like and that they can afford, now it's certainly a great time to buy."

The Daily Download examines the most compelling articles reported from the HousingWire newsroom team. 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.

Today’s Daily Download episode features an interview with Bob Broeksmit, president and CEO of the Mortgage Bankers Association. Broeksmit discusses the Federal Housing Finance Agency’s recent decision to implement a new fee on mortgage refinances, a decision that was made without prior counsel from the MBA. 

“[This] puts into effect a massive price increase with virtually no notice, meaning that hundreds of millions of dollars will be taken from the pockets of lenders who cannot pass along this unanticipated cost and worse, consumers will be on the hook for billions starting today when everybody's costs went up by half a point,” Broeksmit said. “It's outrageous and unprecedented.”

The announcement, released at the end of the day on Wednesday, stated that refinance mortgage loans sold to Fannie Mae and Freddie Mac after Sept. 1 will include a new adverse-market refinance fee of 0.5%. This fee will be assessed for both cash-out and no-cash-out refinances, and it could cost homeowner’s $1,400, a move Broeksmit said is disturbing beyond belief.

“At a time when the country is reeling economically, and the government is trying to provide relief and stimulus to this shaken economy,” Broeksmit said. “To grab $1,400 dollars per loan on low-risk refinances at Fannie Mae and Freddie Mac is disturbing beyond belief.”

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 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:

• New fee on mortgage refinances could cost homeowners $1,400

Today’s Daily Download episode features an interview with Maurice Jourdain-Earl, Co-Founder and Managing Director of Compliance Tech. In this episode, Maurice discusses his LinkedIn article that tackles the COVID-19 forbearance mortarium, in which he says enlarges the wound caused by a lack of black homeownership in America. 

Jourdain-Earl explains why he believes Section 4022 of the CARES Actwill have a disparate impact on black Americans and shares what HMDA data reveals about racial disparities regarding federally backed mortgage loans. 

According to him, as the vast majority of black Americans are renters, programs intended to aid homeowners will largely benefit white America, which he says will further the homeownership gap. 

“I believe there is power in data, and one of the reasons I wrote this particular piece was to provide some exposure and touch on how the CARES Act can be executed in a way that the [overall] public can benefit,” he said. “I also believe the use of this data can bring about a greater sense of knowledge on the dual mortgage market that we have in America that is separate and unequal.” 

Notably, Jourdain-Earl also discusses mortgage data from ComplianceTech, that he says reveals racial disparities regarding the lending patterns of federally backed mortgage loans. 

“The bottom line is this, if you are black in America, you are more than three times likely to get a government loan than a conventional loan, and data is beginning to show that lenders that do not originate a large share of government loans are more likely to have a redlining profile,” he said.

The Daily Download examines the most compelling articles reported from the HousingWire newsroom team. 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:

·      FHA extends foreclosure and eviction moratorium again

·      HMDA data presents sobering picture of Black homeownership in 2019

·      [PULSE] Housing discrimination: It's real and not just a tweet

·      HUD allocates $472 million of CARES Act funding for low-income households

Today’s Daily Download episode features an interview with the National Association of Real Estate Brokers President Donnell Williams about the termination of the Obama-era AFFH fair housing rule. 

According to Williams, the termination will have a negative impact on fair housing as it will leave many Americans vulnerable to housing discrimination.  

“This will have a negative impact on fair housing, and it’s actually pretty horrible that the rule was rescinded as we were just starting to make headway in housing discrimination,” Williams said. “I mean, it takes time to have an impact, and the termination of the rule basically creates an atmosphere of fear. It set us back quite a bit, to be honest.”

When talking about President Donald Trump’s tweets regarding the termination, which ignited uproar from the housing industry as many perceived them to be prejudice, Donell said they were inherently offensive and stroked the flames of racism.

“I think they are dog whistles and are at its core racist. Without a doubt, it’s sending a [certain] message to some folks that is causing fear. It's just crazy talk,” Williams said. “I mean, you've got bad apples on both sides. So, to label everyone is really not a good thing.”

“It’s a good thing to have integrated neighborhoods. If people can afford to live or build in a certain area, they shouldn't be condemned,” Donnell said.” If [Trump] continues to stroke the fire, it could lead to neighbors becoming upset and having a misconception behind the purpose of fair housing.”

The Daily Download examines the most compelling articles reported from the HousingWire newsroom team. 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:

·      HUD to abolish Obama-era AFFH fair housing rule

·      NAREB town hall: Here are strategies to improve Black homeownership

·      NAR comes out strong against AFFH fair housing rule termination

·      Julian Castro on Trump’s AFFH tweet: “It’s a naked ploy to drum up racial fears and white resentment”

Today’s Daily Download episode features an interview with Walter Huff, who is the Owner and CEO of The Huff Real Estate Team at Keller Williams. In this episode, Huff explains how the growing number of seniors aging in place will impact America's housing supply.

During the interview, Huff also touches on how the COVID-19 pandemic may lead to an uptick in multigenerational households as the unemployment rate continues to hover near record lows.

According to Huff, one of the major benefits of being a part of a multi-generational living combination is shared expenses and as COVID-19 continues to affect the wages of Americans across the country, saving may be more important than ever.

“By bringing in family members and resources together under one roof, families can collectively address their expenses, allocate their finances accordingly, and save even more,” Huff said. “The family household will forever be changed thanks to COVID-19 and I'm waiting to see a study of how that will impact family formations moving forward.”

The Daily Download examines the most compelling articles reported from the HousingWire newsroom team. 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.

HousingWire articles covered in this episode:

• Here’s why there aren’t enough homes to buy right now
• Jobless claims fell to 1.2 million last week
• Survey: Half of Boomer homeowners plan to age in place
• Freddie Mac: Seniors are causing the housing shortage

In today’s Daily Download episode, HousingWire covers an announcement that an announcement from Ellie Mae that it has entered a definitive agreement to be acquired by Intercontinental Exchange for approximately $11 billion.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers Freddie Mac’s Primary Mortgage Market Survey that shows mortgage rates fell to new record lows this week, and an $80 million fine assessed to Capital One for its cybersecurity and risk management practices.

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.

HousingWire articles covered in this episode:

• Intercontinental Exchange to acquire Ellie Mae from Thoma Bravo for $11 billion
• Mortgage rates tumble to new record lows this week
• The OCC slaps Capital One with $80M fine over cybersecurity, risk management practices

In today’s Daily Download episode, HousingWire covers an announcement that the Federal Reserve may abandon its longtime strategy of using its benchmark rate to pre-emptively

prevent inflation from rising above its 2% target, which could lead to an end of rock-bottom mortgage rates.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers an article that claims whatever plan Congress comes up with to extend or replace the extra $600 a week in beefed-up jobless benefits is likely to be retroactive, and an article that asks, in a virtual learning world, do you still need to buy a house in a good school district?

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.

HousingWire articles covered in this episode:

• Fed inflation plan could end rock-bottom mortgage rates
• Whatever jobless aid Congress comes up with, it’s likely to be retroactive
• In a virtual learning world, do you still need to buy a house in a good school district?

Today’s Daily Download episode features an interview with Rogers Healy, the owner, and CEO of Rogers Healy and Associates. In this episode, Healy explains how the COVID-19 pandemic has transformed the real estate industry as well as its impact on homeowners and homebuyers.

During the interview, Healy also touches on how low mortgage rates have contributed to an uptick in demand, which has created an inventory shortagethat has intensified homebuying competition.  

According to Healy, thriving housing markets like Dallas, Austin and Spokane, Washington are experiencing such a boom, that they can only be compared to the Wild Wild West. 

“I've never seen it this busy and I’ve never worked this much, and I'm not even talking from an ownership perspective, but just from being a realtor as well,” Healy said. “I've been through a bad cycle where you just kind of wait for the bottom to fall out, but this time it makes complete sense.”

“We're seeing competitive offer situations like we did back in 2007. It's extremely busy, especially in markets like Austin, Charlotte, DFW and you know, Spokane, Washington, which are like junior versions of LA, New York, Chicago and Miami,” he said. “It's been crazy. It's the Wild Wild West right now.”

The Daily Download examines the most compelling articles reported from the HousingWire newsroom team. 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.

HousingWire articles covered in this episode:

·      Making sense of ultra-low mortgage rates

·      Driven by low inventory, median U.S. home price reaches record high in July

·      42% of people who bought homes during the pandemic engaged in a bidding war

In today’s Daily Download episode, HousingWire covers a letter from the Council of Large Public Housing Authorities addressed to the Department of Housing and Urban Development Secretary Ben Carson, expressing opposition to the termination of the AFFH rule.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers an announcement from Zillow that it has resumed its iBuying efforts in all operating markets and a forecast from a Federal Reserve official that claims the nation needs to lockdown again to see robust economic activity.

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.

HousingWire articles covered in this episode:

• CLPHA and others voice opposition to elimination of AFFH rule and reject its new substitute
• Zillow Offers resumes buying houses in all operating markets
• Fed official says lock down now or see sluggish recovery

In today’s Daily Download episode, HousingWire covers an exclusive interview between HousingWire’s Editor-in-chief Sarah Wheeler and former Department of Housing and Urban Development  Secretary Julian Castro about the Trump administration’s termination of the AFFH fair housing rule.

For some background on the story, here’s a summary of the article:  

Following the main story, HousingWire covers a report from Black Knight about the mortgage forbearance rate dropping to a three-month low and an announcement from the nation’s biggest purchase mortgage lender about dropping its rates to 1.875%

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.

HousingWire articles covered in this episode:

• Julian Castro on Trump’s AFFH tweet: “It’s a naked ploy to drum up racial fears and white resentment”
• Mortgage forbearance rate drops to a three-month low
• UWM now offering 15-year fixed mortgage rates as low as 1.875%</

In today’s Daily Download episode, HousingWire covers the National Association of Realtors’ expressed disappointment in the termination of the AFFH fair housing rule.

For some background on the story, here’s a summary of the article:

 Following the main story, HousingWire covers Fannie Mae’s earnings falling in the second quarter of 2020 and a new partnership between Zillow and homebuilder D.R. Horton.

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.

HousingWire articles covered in this episode:

• NAR comes out strong against AFFH fair housing rule termination
• Fannie Mae Q2 earnings fell as fee revenue declined
• Zillow announces partnership with homebuilder D.R. Horton

In today’s Daily Download episode, HousingWire covers the Federal Reserve’s prediction that the fate of the U.S. economy will depend on successful management of the coronavirus pandemic.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers the difference between the HEROES and HEALS Act and a report from the Census Bureau that indicates the U.S. homeownership rate climbed to a 12-year high in the second quarter of 2020.

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.

HousingWire articles covered in this episode:

• Fate of the economy depends on virus control, Fed says
•  HEROES vs HEALS Act and what they would mean for housing
• S. homeownership rate soars to an almost 12-year high

In today’s Daily Download episode, HousingWire covers a report from the Mortgage Bankers Association that indicates loans in forbearance have fallen for the sixth consecutive week.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers an announcement that the Senate has confirmed Dana Wade as the new Federal Housing Administration commissioner, and MBA’s weekly mortgage applications survey that shows mortgage applications fell 0.8% last week.

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.

HousingWire articles covered in this episode:

• Loans in forbearance fall for the sixth straight week
• Senate confirms Dana Wade as new FHA commissioner
• Mortgage applications remain steady amid continued economic stress

In today’s Daily Download episode, HousingWire covers Fannie Mae’s endorsement from CICERO Shades of Green for its single-family homes.

For some background on the story, here’s a summary of the article:  

Following the main story, HousingWire covers a report from Zillow that claims multifamily households will be hit hardest by the loss of CARES Act unemployment benefits, and an outlook on how the HEROES Act could help the nation’s renters and homeowners.

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.

HousingWire articles covered in this episode:

• Fannie gets CICERO certification for its single-family green bonds
• Renter households will be hardest hit by loss of CARES Act unemployment benefits
• Here’s how the HEROES Act could help renters and homeowners

In today’s Daily Download episode, HousingWire covers  Tesla’s plans to build a $1.1 billion factory in  Austin, Texas.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers House Speaker Nancy Pelosi’s scathing critique of the Trump administration’s decision to overturn an Obama-era fair-housing rule, and a report from the Commerce Department that indicates sales of new houses jumped to a 13-year high in June.

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.

HousingWire articles covered in this episode:

• News of $1.1 billion Tesla factory revs up already hot Austin housing market
• Pelosi calls out Trump’s repeal of Obama’s fair housing rule
• Sales of new houses jump to a 13-year high

In today’s Daily Download episode, HousingWire covers  The Trump administration’s plan to abolish the Obama-era AFFH fair housing rule.

For some background on the story, here’s a summary of the article:  

Following the main story, HousingWire covers a report from TransUnion that indicates the percentage of accounts in financial hardship began to level off in June, and a report from ATTOM Data Solutions that claims profits on home sales rose 16% in the second quarter of this year.

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.

HousingWire articles covered in this episode:

• HUD to abolish Obama-era AFFH fair housing rule
• TransUnion: the percentage of accounts in financial hardship began to level off in June
• Seller’s market: Profits on home sales climb 16% in second quarter for a total ROI of 36%

In today’s Daily Download episode, HousingWire covers  Freddie Mac’s latest Primary Mortgage Market Survey that shows an uptick in mortgage rates.

For some background on the story, here’s a summary of the article:  

Following the main story, HousingWire covers the National Association of Realtors announced support of the First Time Homebuyer Pandemic Savings Act and Realtor.com’s newly launched iBuying partnership site.

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.

HousingWire articles covered in this episode:

• Mortgage rates rise on job-market concerns
• NAR lends support to First Time Homebuyer Pandemic Savings Act
• com launches new iBuying partnership site to show home sellers all their options

In today’s Daily Download episode, HousingWire covers a forecast from Fannie Mae’s Chief Economist Doug Duncan that projects mortgage lending is set to top $3 trillion this year.

For some background on the story, here’s a summary of the article: 

Following the main story, HousingWire covers a report from The Mortgage Bankers Association that claims the forbearance rate has dropped to a 2-month low and a report from Unison that shows a direct correlation between a housing market’s performance and its economic resilience.

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.

HousingWire articles covered in this episode:

• Mortgage lending set to top $3 trillion as mortgage rates tumble
• Forbearance rate drops to 2-month low
• Housing market performance directly correlates with economy’s resilience

Today’s Daily Download episode features an interview with Varci Media CEO Shondell Varcianna. In this episode, Varcianna explains why content strategy is important for mortgage and real estate companies as they try to reach more consumers.

During the interview, Varcianna also discusses why companies in the housing space need to “bridge the gap” when educating customers. According to her, as more consumers rely on the internet for answers to their homebuying questions, financial institutions will need to reach them online.

“While working on the inside [as a mortgage originator], I found that a lot of financial institutions have a lot of information inside, but that information doesn't always make it out to the public,” Varcianna said. “For example, a lot of homebuyers will ask questions in Facebook groups and on forums online. Sometimes they get answers from people who are real estate investors or people who have bought a few properties. But they're not usually from the experts.”

Varcina says this discrepancy inspired her to create Varci Media as she believes that bridging the educational gap between consumers and housing companies will lead to more sales.

“The content you provide to your audience needs to speak them. So, whether that be answering questions or solving problems online, you've got to know your audience extremely well so you're able to provide content that resonates with them,” Varcianna said. “Financial institutions need to be providing the answers to the questions consumers are searching on Google or social media, and that's where good content comes in.”

To listen to the rest of the interview, make sure to catch today’s Daily Download episode!

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.

In today’s Daily Download episode, HousingWire covers a 10-year study by QuestSoft that reveals since 2019, the percentage of “Outstanding” ratings on Community Reinvestment Act performance evaluations has dropped across the board.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers a report from Ellie Mae that claims the average FICO score rose across the board in June and data from the U.S Census Bureau that indicates new home construction continued to recover from April’s five-year low in June.

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.

HousingWire articles covered in this episode:

• It’s getting harder to get an “Outstanding” rating on CRA performance evaluation
• Average FICO scores rise across the board, according to Ellie Mae
• New home construction jumps 17.3% in June

In today’s Daily Download episode, Mortgage Marketing Radio’s Geoff Zimpfer and HousingWire columnist Logan Mohtashami discuss why the U.S. housing market is winning in spite of the COVID-19 pandemic’s economic impact.

For some background on the interview, here’s a brief summary of Mohtashami’s latest HousingWire column:

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.

HousingWire articles covered in this episode:

• It’s official: The U.S. won’t see a housing bubble crash anytime soon

In today’s Daily Download episode, HousingWire covers Freddie Mac’s weekly Primary Mortgage Market Survey that shows mortgage rates have now fallen below 3% for the first time ever.

For some background on the story, here’s a summary of the article: 

Following the main story, HousingWire covers a report from Buildfax that claims June’s construction activity experienced the greatest annual decline since 2015 and data from Clever that indicates 34% more homes sold within two weeks in June this year.

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.

HousingWire articles covered in this episode:

• Average U.S. mortgage rate falls below 3% for the first time
• June’s new construction activity sees greatest year-over-year decline since 2015
• 34% more homes sold within two weeks in June this year

In today’s Daily Download episode, HousingWire covers a request from Quicken Loans and the National Association of Realtors for the Department of Housing and Urban Development to take a look at deeper causes of systemic discrimination.

For some background on the story, here’s a summary of the article: 

Following the main story, HousingWire covers the Mortgage Bankers Association’s weekly mortgage applications survey and a survey from the Pew Research Center that claims young adults are more likely to have moved because of COVID-19.

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.

HousingWire articles covered in this episode:

• Quicken and NAR ask HUD to withdraw proposed amendments to Fair Housing Act
• Mortgage applications increase 5% from last week
• Young adults are more likely to have moved because of COVID-19

In today’s Daily Download episode, HousingWire covers a report from the Mortgage Bankers Association that claims the share of mortgage loans in forbearance has fallen for the fourth consecutive week.

For some background on the story, here’s a summary of the article: 

Following the main story, HousingWire covers data from Redfin that indicates more than half of home offers were in a bidding war in June and an announcement from Apple that it will spend $400 million this year to support affordable housing in California.

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.

HousingWire articles covered in this episode:

• Redfin: Over half of home offers were in a bidding war in June
• Share of mortgage loans in forbearance falls for the fourth week in a row
• Apple spending $400 million to support affordable housing in California this year

In today’s Daily Download episode, HousingWire covers an announcement from the Federal Housing Administration that it has expanded its menu of loss mitigation options in succession with the U.S Department of Housing and Urban Development’s eviction prevention and stability toolkit.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers plans by Wells Fargo to loosen its jumbo lending requirements for current customers and a report that claims apartment vacancies in New York have reached record-high levels as more people migrate to rural areas and larger living spaces.

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.

HousingWire articles covered in this episode:

• FHA employs “waterfall method” to expand home retention measures
• Wells Fargo loosens jumbo lending requirements for current customers
• New York City apartment vacancy rates reach record highs

Today’s Daily Download episode features two change agents at the Quicken Loans and the Rock Family of Companies who are not only making an impact in our industry but in the nation for their work on diversity, inclusion and systemic change. Those two change agents are Trina Scott, chief diversity officer at Quicken Loans, and Laura Grannemann, vice president of strategic investments at the Quicken Loans Community Fund. 

Both women share tangible tips on how listeners can create impactful change in their own communities or companies. 

This interview spotlights the Kudos feature for HousingWire Magazine's August issue, which covers the impact people are having in our industry that goes beyond the four walls of the office. These two interviews, in particular, are extra special too, so be sure to check out the August issue when it comes out to learn more. 

While both of these interviews are condensed for the podcast, they still showcase the work they're doing and ways listeners can implement change in their own world. 

Here’s a sneak peak of the August Kudos feature: 

The August issue is also the official relaunch of HousingWire Magazine, and Kelsey Ramírez, HousingWire Magazine editor, left no section untouched. The deadline to get a physical copy of the August issue is Friday, July 10. Act fast and subscribe today to HW+ today to be one of the first people to experience the new HousingWire Magazine.

Also, for every subscriber that takes a picture of the August issue, posts it on social media and tags HousingWire, HousingWire will donate $5 to the MBA Opens Doors Foundation.

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 that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

In today’s Daily Download episode, HousingWire covers Freddie Mac’s weekly Primary Mortgage Market Survey that shows mortgage rates have fallen to a new all-time low.

For some background on the story, here’s a summary of the article: 

Following the main story, HousingWire covers a study from the Urban Institute that claims gentrification comes from a lack of housing supply, and a report from the Mortgage Bankers Association that shows the forbearance rate continues to decline.

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.

HousingWire articles covered in this episode:

• Mortgage rates fall to all-time lows
• Gentrification comes from lack of housing supply, Urban Institute says
• Forbearance rate declines after June’s economic improvements, but will it hold?

In today’s Daily Download episode, HousingWire interviews OJO Labs Chief Marketing Officer Karen Starns, who was recently named a HousingWire 2020 Woman of Influence winner, about marketing in the housing industry's changing landscape.

Here’s some background on the conversation:

 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.

HousingWire articles covered in this episode:

• HW Women of Influence Program Details

In today’s Daily Download episode, HousingWire covers  Goldman Sachs’ warning that the U.S. will suffer economic consequences for not containing the COVID-19 Virus.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers a report from the Federal Reserve Bank of Atlanta that indicates the danger of mortgage forbearances turning into foreclosures is rising as COVID-19 infections surge, and an announcement from Zillow that it will resume buying homes via Zillow Offers in five more markets, bringing the total to 20 out of 24 markets.

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.

HousingWire articles covered in this episode:

• Goldman Sachs warns of economic fallout from U.S. virus response
• Foreclosure threat grows as COVID-19 surges, Fed says
• Zillow Offers resumes in five more markets, bringing the total to 20 out of 24 markets

Today’s Daily Download episode features an interview with United Wholesale Mortgage CEO Mat Ishbia. In this episode, Ishbia shares UWM’s journey to becoming the top wholesale lender, his goal to be the top lender in the nation and how UWM has managed to successfully navigate COVID-19. 

This episode digs deeper into the main feature from the July issue of HousingWire Magazine, which spotlights how UWM captured the wholesale market. 

During the interview, Ishbia also gives an update on how the company is performing now and their plans for the rest of the year. One of the biggest updates from UWM was the launch of its Conquest program for new UWM customers. The new loan program offers borrowers an interest rate as low as 2.5% for both purchase mortgages and refinances.

“If you go back to May 11, the day before we rolled out Conquest, nobody was talking about 30-year fixed in the 2s. A lot of people said you could never go below 3%, and all of a sudden, now we’ve done almost 100,000 loans since that day, with a 30-year fixed-rate mortgage in the 2s,” said Ishbia. 

Ishbia wraps up the podcast by commenting on the journey of the broker channel, looking back at the fall and rise of brokers since the financial crisis more than a decade ago. 

“The big thing here is that the broker channel is back and is stronger than ever,” he said. “With what UWM has done and a lot of other great wholesale lenders, it makes it so that you can be an independent mortgage broker  – you’re not captive to a retail lender – with access to the best lenders in America with different turn times, different products, different service levels, different pricing, and basically take care of your clients, make the same if not more money and do more business as an independent broker.”

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 that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• How UWM captured the wholesale market (HW+)
• UWM CEO Mat Ishbia promises no layoffs during coronavirus slowdown
• UWM now offering mortgage interest rates as low as 2.5%

In today’s Daily Download episode, HousingWire covers  Freddie Mac’s Primary Market Mortgage Survey that shows mortgage rates have now fallen to a new all-time low.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers a prediction from the Federal Open Market Committee that the COVID-19 pandemic will worsen in the second half of 2020, and Realtor.com’s weekly Housing Market Recovery Index that shows signs of recovery in the housing market.

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.

HousingWire articles covered in this episode:

• Mortgage rates fall to new all-time low this week
• FOMC worried virus resurgence will trigger new spike in layoffs, minutes show
• Housing market recovery: things are looking up

In today’s Daily Download episode, HousingWire covers a report from Moody’s Investors Service that claims the COVID-19 pandemic has delayed the mortgage industry’s efforts to transition away from LIBOR.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers the Mortgage Bankers Association’s weekly applications survey that shows mortgage applications fell 1.8% last week despite mortgage rates staying low, and a report from the National Association of Realtors that shows U.S. pending home sales surged a record 44% in May.

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.

HousingWire articles covered in this episode:

• COVID-19 pandemic delays efforts to transition away from LIBOR, Moody’s says
• Mortgage applications continue to slow despite low-rate environment
• S. pending home sales surged a record 44% in May

In today’s Daily Download episode, HousingWire covers an announcement from Freddie Mac Multifamily that it has created three additional forbearance options to assist multifamily borrowers who have been impacted by COVID-19.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers a survey from Fannie Mae that shows mortgage servicers want clarity on post-forbearance options for borrowers, and a report from the Mortgage Bankers Association that shows the forbearance share of mortgages backed by Fannie Mae and Freddie Mac has dropped for the third consecutive week.

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.

HousingWire articles covered in this episode:

• Freddie Mac Multifamily offers new forbearance options and tenant protections
• Fannie Mae survey shows mortgage servicers want clarity on post-forbearance options for borrowers
• GSE forbearance rate drops for third week, MBA says

In today’s Daily Download episode, HousingWire covers data from the Consumer Financial Protection Bureau that highlights 2019’s top mortgage lenders.

For some background on the story, here’s a summary of the article: 

Following the main story, HousingWire covers data from CoreLogic that claims 7.4 million homes will be at risk during hurricane season and a report from Black Knight that indicates mortgage forbearances have risen after three consecutive weeks of decline.

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.

HousingWire articles covered in this episode:

• Here are the top 10 mortgage lenders of 2019
• CoreLogic: 7.4 million homes are at risk during hurricane season
• Mortgage forbearances rise after three weeks of decline

In today’s Daily Download episode, HousingWire interviews the National Association of Real Estate Brokers President Donnell Williams about the organization’s mission as well as a recent town hall meeting NAREB conducted to gauge strategies that are aimed to increase black homeownership.

For some background on the episode:

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 that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• NAREB town hall: Here are strategies to improve Black homeownership

Today’s Daily Download episode features an interview with housing data analyst and expert Logan Mohtashami. In this episode, Mohtashami not only provides unique insight into the latest housing numbers, but he shares the information in a way that leaders are able to understand. Mohtashami also discusses the biggest trends he is following in the housing market data, along with what listeners can expect from housing for the rest of the year. And with the latest purchase application now out from the Mortgage Bankers Association, he digs into how the housing market has officially experienced a V-shaped housing recovery.  

When asked what trends he is following right now and why, Mohtashami responded saying, “The first and the most important thing is that the United States housing market just had a legitimate V-shaped housing recovery, and we see that in the purchase application data.”

“We’ve had the hottest four-week period on a year-over-year average in the purchase application data,” he said. 

“If you actually follow housing data, the year-over-year data for purchase applications matters more than anything because it gives you the trend. It doesn’t exactly give you a percentage of sales measure, but it gives you the trend,” Mohtashami said. “After today, we can legitimately say that the United States of America’s V-shaped recovery in housing is complete.” 

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 that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• The Good, the Bad and the Ugly of the housing market 5 months into the pandemic
• Purchase apps fall for the first time in 10 weeks

In today’s Daily Download episode, HousingWire covers the Mortgage Bankers Association’s weekly applications survey.

For some background on the story, here’s a summary of the article: 

Following the main story, HousingWire covers data from RealPage that indicates rent prices are dropping across the country and a survey from Qualia that claims remote online notarizations have surged 40% during the pandemic.

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 that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• Purchase apps fall for the first time in 10 weeks
• Rent is dropping across the country
• Remote online notarizations surge 40% during pandemic

In today’s Daily Download episode, HousingWire covers the share of loans in forbearance falling for the first time since March.

For some background on the story, here’s a summary of the article:

 Following the main story, HousingWire covers a forecast from the Mortgage Bankers Association that claims mortgage lending will surge to a 14-year high this year and an announcement from the Consumer Financial Protection Bureau about limiting the DTI requirement from qualified mortgage standards.

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 that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• Share of loans in forbearance falls for the first time since March
• Mortgage lending will surge to a 14-year high this year, MBA says
• CFPB to eliminate DTI requirement from qualified mortgage standards

In today’s Daily Download episode, HousingWire interviews the National Association of Realtors’ Chief Economist Lawrence Yun on the organization’s five-point plan for supporting Black homeownership.

1. Build more homes to increase supply: Yun stated that since the pool of potential first-time buyers is higher in the minority population, if the industry can increase supply, it could help minority households lock in a home. 
2. Build more homes in Opportunity Zones: Yun posed the question: “Since the industry needs to build so many homes, why not build or sell homes in the Opportunity Zones to help revive some of those areas?” He added that there is even a tax break in certain geographically defined opportunity zones for developers to go in and build homes, helping the revitalization of economically-distressed areas.
3. Increase access to down payment assistance: While family members are stepping in to help address affordability issues, NAR stated that it is still much more difficult for Black Americans to obtain substantial financial assistance from family members. They added that increased access to federal down payment assistance based on a certain income threshold is vital, particularly for Black Americans.
4. Strengthen FHA’s loan program: Yun explained that many minority households are able to become first-time buyers by using FHA mortgages, making the product an important source of financing. NAR stated that shifting federal dollars to strengthen the FHA program could lower mortgage insurance premiums and monthly mortgage payments. 
5. Expand alternative credit scoring models:NAR outlined that expanding credit scoring models to include rent and utilities payments would help Black Americans boost their credit score. Yun also shared an estimate from the National Association of Real Estate Brokersthat alternative credit scoring would open up buying to 115,000 Black Americans annually. 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 

HousingWire articles covered in this episode:

• NAR’s plan to help increase Black American homeownership</

In today’s Daily Download episode, HousingWire covers data that shows the real estate market is beginning to heat back up to pre-pandemic levels.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers data from Realtor.com that indicates housing markets in tech hubs are likely to recover faster from the COVID-19 pandemic and a survey from  72Point and the National Association of Realtors that claims 47% of homeowners have considered selling their home due to the pandemic.

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 that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• The real estate market heats up: Housing demand is 25% above pre-pandemic levels
• Housing markets in tech hubs likely to recover faster from pandemic
• Even with mortgage assistance, 47% of homeowners have considered selling their home due to pandemic

In today’s Daily Download episode, HousingWire covers the Federal Housing Finance Agency’s extension of its foreclosure mortarium.

For some background on the story, here’s a summary of the article:

Following the main story, HousingWire covers Federal Reserve Chairman Jerome Powell’s plea for examiners to go easy on forbearances, and Freddie Mac’s Primary Mortgage Market Survey that indicates rates have now fallen to another all-time low.

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 that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• FHFA extends foreclosure moratorium to end of August
• Powell urging examiners to go easy on forbearances
• Mortgage rates tumble to another all-time low

In today’s Daily Download episode, HousingWire covers Federal Reserve Chairman Jerome Powel’s statements to Congress about the nation’s economic vitality.

For some background on the story, here’s a summary of the article: 

Following the main story, HousingWire covers a forecast from Fannie Mae that claims mortgage rates will remain at record lows throughout 2021, the Mortgage Bankers Association’s Weekly Applications Survey that indicates purchase applications now sit at an 11-year high, and a forecast from the National Association of Realtors that projects home building will continue to lag household formation.

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 that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• Economy needs more help from Congress, Powell says
• Fannie Mae sees record-low mortgage rates through 2021
• Purchase applications reach highest level in over 11 years
• Here’s why there aren’t enough homes to buy right now