New York Times, July 28, 2020–Jeanna Smialek, Emily Flitter, Peter EavisThe chairman of the Senate Banking Committee, Sen. Mike Crapo, R-Idaho, is preparing to relax capital requirements imposed in the …
Category: Top National News
Senate Republicans Ready Release of COVID Proposal
Politico, July 27, 2020–Marianne Levine, John Bresnahan, Sarah FerrisThe White House-backed Senate GOP proposal is expected to reduce boosted unemployment benefits from $600 to $200.https://www.politico.com/news/2020/07/27/senate-gop-coronavirus-relief-package-382502
Reducing the Amount of Federal Unemployment Insurance Would Increase Rent Burden for Millions of Households
Urban Institute, July 27, 2020–Aaron Shroyer, Sara StrochakThe study estimate in the absence of any federal weekly supplement to state unemployment insurance, 4.1 million (68 percent) of the 6 million …
Black Knight to Acquire Optimal Blue in $1.8B Deal to Boost Origination Offerings
HousingWire, July 27, 2020–Mary Ann AzevedoBlack Knight said it plans to combine its Compass Analytics business with Optimal Blue to form a new entity with minority co-investors Cannae Holdings Inc. …
Home-Buying Power Index Offers Promising Signs for Housing Market
National Mortgage News, July 27, 2020–Paul Centopani (subscription)Tight inventory is expected to drive home prices higher over the summer, according to First American.https://www.nationalmortgagenews.com/news/home-buying-power-index-offers-promising-signs-for-housing-market
Two Republican Senators Will Oppose Shelton’s Fed Candidacy
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 …
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. …