Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

Real Estate

As eviction moratoriums end, what will happen in Pennsylvania, Nevada, Florida and California?

Up to 40 million could be at risk for eviction across the nation

According to Census data, approximately 21% of renter households are behind on rent payment, and it’s estimated that up to 40 million renters could face eviction over the next few months after federal eviction moratoriums expired in late July.

Now, states and localities are deciding if and when to end or extend eviction moratoriums. Today, eviction moratoriums are expiring in Atlanta and Pennsylvania. On Tuesday, they will expire in Nevada, California and Florida.

In Pennsylvania, a Census survey said that one in five adults either missed July’s rent or mortgage payment or had slight or no confidence their household could make their rent payment in August in time, the Philadelphia Inquirer said.

Pennsylvania Gov. Tom Wolf hinted on Monday that he supports a second extension of the moratorium, pending approval from the General Assembly.

In Nevada, an estimated 300,000 to 500,000 renters could face eviction due to owed rent or back pay, KTNV in Las Vegas said, flooding courts with three times as many eviction cases as last September.

In Florida, Gov. Ron DeSantis signaled that he might extend the eviction moratorium – for the fifth time – on Tuesday, when the fourth extension is set to expire.

California’s eviction moratorium is set to end on Tuesday, but Gov. Gavin Newsom introduced a new bill on Friday that could likely save renters facing eviction, pending approval from lawmakers.

What about the rent payments due on Tuesday?

RealPage said that it expects rent collections for September to continue to slump since states are paying only up to $400 more a week for unemployment benefits after the original $600 unemployment payment from the CARES Act expired in July.

When August rent payments came due, only 79.3% of apartment households had made a full or partial rent payment by August 6. This is down 1.9 percentage points from August 2019.

However, that number had risen to 92.1% of renters paying by Aug. 27, according to the National Multifamily Housing Council’s Rent Payment Tracker. This is 1.9 percentage points less than the same time last year.

Leave a comment

Most Popular Articles

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy. HW+ Premium Content

Oct 25, 2021 By and

Latest Articles

How much could wire and title fraud cost lenders?

With loan production costs on the rise and the resulting margin compression, lenders should be on the lookout to reduce costs wherever possible in the origination process.

Oct 27, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please