MarketWatch, July 22, 2020–Joy WiltermuthHome sales in the U.S. are picking up again, despite record prices and the sudden loss of some 22 million jobs due to the coronavirus pandemic, …
Category: Top National News
Cracks Begin to Show in Multifamily Lending
American Banker, July 22, 2020–Laura AlixMultifamily has been one of the most reliable and best-performing commercial real estate sectors in recent years, benefiting from mass migration to cities and a …
Who Needs the Office? U.S. Companies Start Cutting Space
Reuters, July 22, 2020–David RandallCorporate America is downsizing its real estate footprint as companies allow more employees to work from home, a growing threat to the bottom line of owners …
Democratic Bills Would Bar GSEs from Charging Forbearance Fees
National Mortgage News, July 22, 2020–Neil Haggerty (subscription)Sen. Bob Menendez, D-N.J., unveiled the Promoting Access to Credit for Homebuyers Act on Wednesday. The bill would require the two government-sponsored enterprises, …
Trump Fed Nominees Shelton, Waller Confirmed by Senate Committee
Wall Street Journal, July 22, 2020–Paul Kiernan (subscription)A controversial Trump administration nominee for the Federal Reserve’s policy-making board cleared a major hurdle in her path to confirmation Tuesday after a …
Homebuyers are Going Bigger Thanks to Record-Low Mortgage Rates, Survey Says
Yahoo! Finance, July 22, 2020–Doug WhitemanToday’s deeply cheap rates are allowing house shoppers to buy more expensive homes, often larger ones in more desirable parts of town, a new survey …
For The Mortgage Industry, There’s No Going Back To Our Pre-Pandemic Ways
Forbes, July 22, 2020–Max SimkoffSmart lenders will not even think of going back. What began as an emergency response will become business as usual for companies that want to grab …
Homebuyers Can Now Turn to Google Search for Detailed Info About Mortgages
CNBC, July 22, 2020–Todd HaseltonGoogle teamed up with the Consumer Financial Protection Bureau to launch the new tools because it found that a lot of people were asking questions like …
The Feared Jumbo Mortgage Debacle is Here–Thanks to the Coronavirus…
MarketWatch, July 22, 2020–Keith JerowWhat has been largely overlooked are the mounting problems of wealthier homeowners with jumbo mortgages. They have also been slammed by the lockdowns.https://www.marketwatch.com/story/the-feared-jumbo-mortgage-debacle-is-here-thanks-to-the-coronavirus-and-ready-to-pound-the-housing-market-2020-07-22
Commercial/Multifamily Mortgage Debt Increased 1.7 Percent in the First Quarter of 2020
Commercial Property Executive, July 22, 2020–Jamie WoodwellAccording to the Mortgage Bankers Association’s most recent Commercial/Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial/multifamily mortgage debt outstanding rose by $61.0 …