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.

Politics & Money

HEROES vs HEALS Act and what they would mean for housing

Wide variance on the funding for rent and mortgage assistance

The HEROES Act, a bill introduced and passed by House Speaker Nancy Pelosi (D-CA) in May, could be signed this week, offering homeowners and renters much-needed relief in light of the COVID-19 pandemic.

On the other hand is the Health, Economic Assistance, Liability Protection and Schools Act, aka HEALS Act, proposed by Sen. Mitch McConnell (R-KY) on Monday, which offers significantly less help for homeowners and renters.

The HEROES Act contains $200 billion of additional funding to consumers, including assistance making mortgage and rent payments.

Meanwhile, the HEALS Act doesn’t include an extension of eviction moratoriums and offers $3.2 billion for housing, which includes $2.2 billion for tenant-based rental assistance and $1 billion for a public housing operating fund.

However, both acts offer another round of one-time $1,200 stimulus checks to individuals who qualify, which has drawn criticism for being too limited.

Unlike the HEROES Act, which proposes to keep the additional $600 in unemployment payments as the CARES Act did, the HEALS Act proposes to cut down that down to $200 extra a week.

A portion of the HEALS Act will funnel about $20 billion into the Federal Department of Agriculture; about $5 billion to “science,” which includes $1.75 billion going towards the construction of a Federal Bureau of Investigation headquarters in Washington, D.C.; $29.4 billion to defense and the armed forces; $105.1 billion to education, in an effort to get students back in classrooms; and no funding for Veterans Affairs.

Housing advocates have warned that if eviction moratoriums and unemployment payments are both cut, the U.S. could see waves of evictions and a large uptick in homeless populations.

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