HousingWire, Aug. 10, 2020–Julia FalconRather than a typically busy spring home-buying season, the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents …
Category: Top National News
Bankers Don’t See Economy Recovering Anytime Soon
American Banker, Aug. 10, 2020–Jon Prior (subscription)More than a third fear the fallout from the coronavirus pandemic could drag into 2022 or later, and they are most worried about commercial …
U.S. Job Openings Rise in June, Likely Exaggerate Labor Market Health
Reuters, Aug. 10, 2020–Lucia MutikaniU.S. job openings increased in June but the surge in vacancies was accompanied by a rise in workers quitting their positions at hotels, restaurants and bars, …
CRE Investors Still Taking a Wait-and-See Approach
Mortgage Professional America, Aug. 10, 2020–Kasi JohnstonSecond quarter transaction volumes for commercial property remain severely depressed and changes in pricing are moving slower than expected, according to new data by …
CoreLogic Board Calls Special Meeting to Vote on Replacement of Directors
HousingWire, Aug. 10, 2020–Mary Ann AzevedoThe board of directors of property data and analytics company CoreLogic announced Sunday a special shareholders’ meeting to be held on Nov. 17 to address …
Black Knight Posts Higher 2Q Earnings but Servicing Revenue Drops
National Mortgage News, Aug. 10, 2020–Brad Finkelstein (subscription)Black Knight’s second quarter net earnings increased 20% on a year-over-year basis, but the negative impact of its investment in Dun & Bradstreet …
CBO Estimates Federal Budget Deficit Shrank in July
Wall Street Journal, Aug. 10, 2020–Kate Davidson (subscription)The federal budget deficit shrank last month from a year earlier as households and businesses made tax payments that had been delayed from …
What Worked, What Didn’t for CRE Pros Working Remotely
Commercial Observer, Aug. 10, 2020–Tom AcitelliMuch has been made about the sudden shift to working remotely—and to whether that will become the new norm in some form—but little attention has …
Taking Back Financing? Here’s How
UExpress, Aug. 7, 2020–Lew SichelmanInvestors in private mortgages are licking their chops over what some see as a pending tidal wave of note sales in the coming months.https://www.uexpress.com/housing-scene/2020/8/7/taking-back-financing-heres-how
Diversity Chiefs Gain Promienence as Banks Confront Racial Inequality
American Banker, Aug. 10, 2020–Allissa Kline (subscription)Institutions large and small are either creating new positions or elevating existing diversity heads to C-suite roles. Will the moves help banks improve equality …