New Jersey Business, Aug. 5, 2020–Jim PytellThere’s no doubt that COVID-19 will affect the future of commercial real estate in New Jersey, but the question is to what degree? For …
Category: Top National News
The Number of Americans Skipping Mortgage Payments is Falling — Except Among These Borrowers
MarketWatch, Aug. 5, 2020–Jacob PassyFor nearly two months now, the share of mortgage borrowers who has received approval to skip their monthly loan payments has fallen precipitously. But a new …
Quicken Loans Parent Prepares for a Big IPO
Wall Street Journal, Aug. 5, 2020–Orla McCaffrey and Corrie DriebuschA red-hot mortgage market could propel the country’s top mortgage lender to one of the biggest public offerings this year. (subscription)https://www.wsj.com/articles/quicken-loans-parent-prepares-for-a-big-ipo-11596630521
Mortgage Rates Set Another Record Low, But Borrowers Take a Step Back
CNBC, Aug. 5, 2020–Diana OlickEven with another new low set last week, mortgage application volume decreased 5.1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. …
Home Prices See Strong June Bounce, But Economists Warn it Likely Won’t Last
CNBC, Aug. 4, 2020–Diana OlickHome prices increased by 4.9% annually in June, a much greater gain than the 4.1% annual rise in May, according to CoreLogic. Prices climbed 1% month …
Surging Mortgage Volume Puts Pressure on Appraisal Turn Times
HousingWire, Aug. 4, 2020–Alex RohaJust as it has for every other industry in the country, the COVID-19 pandemic has impacted the U.S. housing market in unexpected ways since March. In …
Petrie Inducted Into Hall of Distinction
Pharos Tribune, Aug. 4, 2020The 2020 Logansport High School Hall of Distinction Inductee is 1972 graduate, Michael F. Petrie, CMB, who was recognized at the 149th Commencement Ceremony at the …
Forbearance Rate Falls to the Lowest Level Since April
HousingWire, Aug. 4, 2020–Kathleen HowleyThe U.S. mortgage forbearance rate fell to 7.67% in the last week of July, the lowest in three months, down from 7.74% a week earlier, according …
Office Markets Under Pressure as Coronavirus Squeezes Cities
Wall Street Journal, Aug. 4, 2020–Konrad Putzier, Mark MaurerUrban office markets and other commercial real estate in major cities are experiencing their worst stretch in decades, upended by the pandemic, …
Vornado CEO Is Bullish on New York Real Estate, Sees Facebook Lease as Validation
Barron’s, Aug. 4, 2020–Andrew BaryVornado Realty Trust CEO Steve Roth offered an upbeat assessment of New York City and its commercial real estate market on the company’s earnings conference call …