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.

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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.

CoronavirusMortgage

Los Angeles, New York City are latest cities to pause evictions

The latest major cities to help renters deal with coronavirus spread

Following a week of closures, cancellations and quarantines, Los Angeles and New York City announced they will be putting a halt on evictions until further notice as a result of the spread of coronavirus.

Last week, Miami-Dade County Mayor Carlos A. Gimenez declared a state of emergency in the county. As a result, the Miami-Dade County police will temporarily suspend eviction notices until further notice.

San Jose, California will also be moving forward with a moratorium on evictions.

Sunday evening, Los Angeles Mayor Eric Garcetti issued a moratorium on evictions and bans on dine-in restaurants and entertainment facilities in the city, according to LAist.

“I hereby order that no landlord shall evict a residential tenant in the City of Los Angeles during this local emergency period if the tenant is able to show an inability to pay rent due to circumstances related to the COVID-19 pandemic,” Garcetti said in his order. “These circumstances include loss of income due to a COVID-19 related workplace closure, child care expenditures due to school closures, health care expenses related to being ill with COVID-19 or caring for a member of the tenant’s household who is ill with COVID-19, or reasonable expenditures that stem from government-ordered emergency measures.”

“Nothing in this subsection shall be construed to mean that the tenant will not still be obligated to pay lawfully charged rent. Tenants will have up to six months following the expiration of the local emergency period to repay any back due rent. Tenants may use the protections afforded in this subsection as an affirmative defense in an unlawful detainer action. This subsection shall remain in effect during the pendency of the local emergency period,” it continued.

A note from the State of New York Unified Court System said, “Effective Monday, March 16, all eviction proceedings and pending eviction orders shall be suspended statewide until further notice.”

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