Forbes, Oct. 2, 2020–Jeff ThomsonThe real estate industry has been disrupted in 2020, but not necessarily to its detriment. Karri Callahan, CFO of the global franchise-based real estate company RE/MAX, …
Category: Top National News
The Ultra-Rich Are Using Giant Home Loans to Access Cheap Credit
Bloomberg, Oct. 2, 2020–Benjamin StupplesLenders are increasingly providing credit to their most valuable clients after central banks slashed interest rates to protect the economy from the effects of the COVID-19 …
Americans Might Never Come Back to the Office, and Twitter is Leading the Charge
Washington Post, Oct. 1, 2020–Elizabeth DwoskinCorporate America has long been defined by physical offices. But in a few short weeks, the pandemic upended that as thousands of companies mandated their …
Flood Insurance Program Reauthorized by Trump After Short Lapse
HousingWire, Oct. 1, 2020–Kathleen HowleyTechnically, the National Flood Insurance Program lapsed at midnight on Wednesday, along with the entire federal budget. It didn’t become law until Trump signed it shortly …
Predatory Lending Suit Alleges Vision Property Targeted Black Buyers
National Mortgage News, Oct. 1, 2020–Paul Centopani (subscription)The class-action lawsuit claims the company used deceptive contracts, locking low-income Black homebuyers into disadvantageous long-term mortgages without proper lending disclosures.https://www.nationalmortgagenews.com/news/nclc-aclu-naacp-sue-vision-property-for-predatory-home-buying-scheme
What the Presidential Election Means for Multifamily
Multi-Housing News, Oct. 1, 2020–Gail KalinoskiMike Flood, senior vice president, commercial/multifamily policy and member engagement at the Mortgage Bankers Association, questioned whether Federal Housing Finance Agency Director Mark Calabria would …
Fall Is Usually a Good Time to Buy a Home. This Year Could Be Different
Barron’s, Oct. 1, 2020–Shaina MishkinCoronavirus sent the U.S. housing market for a spin this summer as demand outstripped supply—and the highly competitive environment appears to have continued into the fall.https://www.barrons.com/articles/fall-is-usually-a-good-time-to-buy-a-home-this-year-could-be-different-51601594806
Are Banks Trying to Squeeze Out Mortgage Brokers?
Orange County Register, Oct. 1, 2020–Jeff LazersonBank of America told a Thousand Oaks broker it was closing her business checking account because of her occupation. Then, the account was reinstated …
Mortgage Lender Caliber Home Loans Prepares for an IPO
Wall Street Journal, Oct. 1, 2020–Peter Rudegeair, Cara Lombardo (subscription)Caliber Home Loans Inc. is preparing for an initial public offering that could value the company, one of the largest U.S. …
Hospitality, Retail Real Estate Show ‘Atrocious’ Value Loss in Appraisals
Philly Voice, Oct. 1, 2020–Greg EnglesbeMore than six months into the coronavirus pandemic, damage in the commercial real estate market is not pretty, according to recent appraisals of commercial mortgage-backed …