Wall Street Journal, Aug. 25, 2020–Esther Fung (subscription) Retail landlords are including pandemic language in new leases, a previously rare feature as tenants seek protection after the first government-mandated coronavirus …
Category: Top National News
There are Now 4 Providers with MISMO RON Compliance Certification
HousingWire, Aug. 24, 2020–Alex Roha Originally introduced in April, the MISMO RON compliance certification was designed to assure RON tech providers meet a universal set of standards including credential analysis, …
Federal Housing Assistance Falls Short of Meeting COVID-19 Needs
Philadelphia Tribune, Aug. 24, 2020–Charlene Crowell As the nation’s double dose of health and economic crises continue, many consumers believe that federal assistance to make ends meet has virtually disappeared. …
How Much Longer Until the U.S. Economy is Back to Normal?…
Channel 3000, Aug. 24, 2020 The U.S. economy remains far from normal. That’s the bottom line. Based on the Back-to-Normal Index, the U.S. economy was operating at only 78% of …
When Not Foreclosing Causes More Damage to Neighborhoods
National Mortgage News, Aug. 21, 2020–Daren Blomquist (subscription)The author, with Auction.com, says while allowing vacant or abandoned properties to continue through the foreclosure process is one coronavirus crisis housing policy …
Real Estate Investors Skip Paying Loans While Raising Millions
Bloomberg, Aug. 24, 2020–John GittelsohnSome of the largest real estate investors are walking away from debt on bad property deals, even as they raise billions of dollars for new opportunities …
New Thinking on Covid Lockdowns: They’re Overly Blunt and Costly
Wall Street Journal, Aug. 24, 2020–Greg Ip (subscription)Blanket business shutdowns—which the U.S. never tried before this pandemic—led to a deep recession. Economists and health experts say there may be a …
Why Sluggish Mail Delivery Matters to Banks
American Banker, Aug. 21, 2020–Jon Prior (suscription)Late fees on loan payments and late-arriving documents tied to forbearance and loan forgiveness are just some examples of how delays caused by cutbacks …
Go Direct Lenders Slapped With $150,000 Fine
National Mortgage Professional, Aug. 21, 2020–Keith GriffinGo Direct Lenders, based in California, has been hit with a consent order for making false, misleading and inaccurate statements in mailers sent to …
Opinion: COVID-19 Mortgage Disaster Looms if Swift Action Isn’t Taken
The Tennessean, Aug. 23, 2020–Eddie LatimerThe author, founding director of a Nashville non-profit, says the entire mortgage servicer industry has now become the scapegoat for the financial responsibility of skipped …