Wall Street Journal, July 27, 2020–Nick Timiraos (subscription)Sen. Susan Collins (R., Maine) said Monday she would join Sen. Mitt Romney (R., Utah) in opposing the nomination of economist Judy Shelton …
Category: Top National News
Coalition Seeks Expansion of Main Street Lending Program for CRE
ConnectCRE, July 27, 2020A coalition of nine industry groups wrote to the Senate Banking Committee recommending expansion of the Fed’s Main Street Lending Program for commercial real estate owners and …
2020 is the Summer of Booming Home Sales–and Evictions
Washington Post, July 27, 2020–Heather LongThe affluent are taking advantage of the cheapest mortgage rates in history to buy bigger homes. Meanwhile, renters face more job losses and fear eviction. …
Commercial Real Estate Investing In Challenging Times
Forbes, July 27, 2020–Ryan SwehlaOne area of the economy that is seen as especially vulnerable in the wake of pandemic-related upheaval is commercial real estate. In fact, even before Covid-19 …
2020 is the Summer of Booming Home Sales–And Evictions
Washington Post, July 27, 2020–Heather LongThe affluent are taking advantage of the cheapest mortgage rates in history to buy bigger homes. Meanwhile, renters face more job losses and fear eviction. …
Jumbo Mortgages Are No Longer the Cheapest Mortgages Around
Wall Street Journal, July 27, 2020–Orla McCaffrey (subscriptionBanks now offer lower rates on smaller mortgages—a sign of investors clamoring for safe assets amid the coronavirus recession (MBA mention)https://www.wsj.com/articles/jumbo-mortgages-are-no-longer-the-cheapest-mortgages-around-11595842200
How One Black Woman’s Purchase of a Home Boosted Her Family’s Finances for Generations
Washington Post, July 26, 2020–Michele LernerIn 1936 a widowed black woman bought a home and it changed her family’s financial worth for generations. Today homeownership rates of black people lag …
CFPB to Propose Rules for How Companies Access Customer Data
American Banker, July 24, 2020–Kate Berry (subscription)The Consumer Financial Protection Bureau plans to propose clearer standards on how fintech firms access consumers’ financial account information, the agency said Friday.https://www.americanbanker.com/news/cfpb-to-propose-rules-for-how-companies-access-customer-data
Bank of America Settles Alleged Disability Discrimination Violations
HousingWire, July 24, 2020–Alex RohaBeginning in January 2010 and in violation of the Fair Housing Act, the DOJ alleges that the bank maintained a policy of denying mortgages and home …
What Post-Pandemic Expansion May Look Like for Mortgage Lenders
National Mortgage News, July 24, 2020–Bonnie Sinnock (subscription)As home loans surge and lenders look to expand, they’re doing a cost-benefit analysis on the possibility of opening more commercial locations.https://www.nationalmortgagenews.com/news/what-post-pandemic-expansion-may-look-like-for-mortgage-lenders