New American Funding leaders address coronavirus impacts upon minority borrowers
Reading Time: 4 minutesWith more more Americans losing their jobs or filing for unemployment benefits by the day due to the COVID-19 pandemic, the numbers of homeowners forced to reexamine their mortgage payment options continues to rise. An Urban Institute survey last month found that job and income losses, although widespread across all demographics, have been more common […]
Existing-home sales down 17.8% in April
Reading Time: 2 minutesThe recent run of dour April housing figures continued this week, with the National Association of Realtors (NAR) announcing that existing-home sales plunged 17.8% during the month. The plummet — the largest monthly drop seen since the homebuyer tax credit expired in July 2010 — brought the seasonally adjusted annualized sales pace to 4.33 million, […]
