National Mortage News, Aug. 19, 2020–Paul Centopani (subscription)Fannie Mae’s new chief administrative officer position focuses on diversity, inclusion and affordable housing.https://www.nationalmortgagenews.com/news/fannie-mae-creates-new-c-suite-role-promotes-jeff-hayward
Category: Top National News
Struggling Businesses Push Commercial Real Estate Into the Red
Fox13 (Tampa), Aug. 19, 2020–Briona ArradondoNearly one in four hotel owners have fallen behind on paying their debts since COVID-19 reached pandemic levels. Now, commercial real estate owners and managers …
Empire State Building Reflects New York’s Deepening Real Estate Woes
Wall Street Journal, Aug. 18, 2020–Konrad PutzierThe iconic New York City tower looks vulnerable to losing tenants as companies embrace remote work or cheaper offices outside city centers. (subscription)https://www.wsj.com/articles/empire-state-building-reflects-new-yorks-deepening-real-estate-woes-11597752001
Struggling Businesses Push Commercial Real Estate Into the Red
Fox13 (Tampa), Aug. 19, 2020–Briona ArradondoNearly one in four hotel owners have fallen behind on paying their debts since COVID-19 reached pandemic levels. Now, commercial real estate owners and managers …
Empire State Building Reflects New York’s Deepening Real Estate Woes
Wall Street Journal, Aug. 18, 2020–Konrad PutzierThe iconic New York City tower looks vulnerable to losing tenants as companies embrace remote work or cheaper offices outside city centers. (subscription)https://www.wsj.com/articles/empire-state-building-reflects-new-yorks-deepening-real-estate-woes-11597752001
U.S. Industrial Production Rises for Third Straight Month
Wall Street Journal, Aug. 14, 2020–David Harrison (subscription)Industrial production—a measure of output at factories, mines and utilities—rose a seasonally adjusted 3% in July from June, the Federal Reserve said Friday, …
Nearly 1,000 New Hotels Are Still Opening During the Pandemic. Why?
Bloomberg, Aug. 17, 2020–Sara ClemenceThe new White Water hotel on California’s central coast has a lot going for it: a location on a moonstone-studded beach, generously sized rooms, and Scandinavian-inspired …
How Offshore Delivery Centers are Helping Mortgage Lenders Improve Operations
MortgageOrb, Aug. 13, 2020–Alok BansalIn 2019, the global outsourcing market amounted to $92.5 billion, a drastic jump in the last decade. One of the major reasons for this: businesses across …
How Hotel Companies Are Surviving the Coronavirus
Wall Street Journal, Aug. 13, 2020–Stephen WilmotThe plush global hotel brands favored by international business executives have been hit hardest by Covid-19 and will likely take longest to recover. Midmarket …
CMBS Forbearances Await Servicing in the Weeks Ahead
National Mortgage News, Aug. 13, 2020–Brad Finkelstein (subscription)As forbearances and government other relief efforts come to an end over the next few weeks and months, many a commercial mortgage borrower …