Bloomberg, Sept. 14, 2020–PAtrick Clark, Prashant GopalBig landlords increased the number of eviction cases they filed after President Donald Trump announced his recent moratorium, signaling the struggle tenants face getting …
Category: Top National News
New Data Shows Decreasing Confidence in Commercial Real Estate Market
Mortgage Professional America, Sept. 14, 2020–Clay JarvisIn yet another example of COVID-19’s lingering impact on commercial real estate, LightBox’s most recent Market Confidence Index for the commercial sector found the …
Servicers Intensify Retention Efforts as Rate of Success Declines
National Mortgage News, Sept. 14, 2020–Brad Finkelstein (subscription)Only 18% of refinance borrowers returned to the same lender in the second quarter, the second lowest rate since 2005, said Black Knight.https://www.nationalmortgagenews.com/news/servicers-intensify-retention-efforts-as-the-rate-of-success-declines
Regulators Prepare to Reprimand Citigroup for Failing to Improve Risk Systems
Wall Street Journal, Sept. 14, 2020–David Benoit, Ben Eisen (subscription)Federal regulators are preparing to reprimand Citigroup Inc. for failing to improve its risk-management systems—an expansive set of technology and procedures …
Is Mortgage Credit Really Too Tight Since COVID-19?
HousingWire, Sept. 14, 2020–Logan MohtashamiAt the end of the day more than 93% of the purchase loans that could have closed during the period of the record-breaking expansion still would …
Housing is Still Holding Up the Economy. It’s So Not Like 2008
CNN Business, Sept. 14, 2020–Paul R. La MonicaThe stock market continues to be volatile and the job market is still in worse shape than where it was before Covid-19 plunged …
Far From Home Sweet Home
UExpress.com, Sept. 11, 2020–Lew SichelmanCongressional watchdogs at the General Accountability Office have looked into multiple cases of illness and severely subpar housing on bases for all of the country’s armed …
Ellie Mae President and CEO Jonathan Corr Retires
HousingWire, Sept. 11, 2020–Alex RohaExactly one week after Ellie Mae was officially acquired by Intercontinental Exchange, Ellie Mae president and CEO Jonathan Corr announced his retirement on Friday, and announced …
How the Coronavirus is Changing Homebuyer Preferences
National Mortgage News, Sept. 11, 2020–Bonnie Sinnock (subscription)The coronavirus has upended many aspects of life in the United States and the housing market is no exception. To this end, TD …
‘It’s the Economy, Stupid’ Carries Less Weight in 2020 Election
Wall Street Journal, Sept. 13, 2020–Jon Hilsenrath, Aaron Zitner (subscription)Polls indicate America’s voters are also considering the coronavirus, leadership style and racial concerns.https://www.wsj.com/articles/its-the-economy-stupid-carries-less-weight-in-2020-election-11599989400?mod=hp_lead_pos4