CNN Business, Aug. 19, 2020–Jordan ValinskyThe report, sent to Congress this week and compiled by Trepp, shows that the percentage of hotel loans 30 or more days delinquent is 23.4% …
Category: Top National News
How are Homeowners Coping with the Coronavirus Economy? The Mortgage Market is Giving Clues
MarketWatch, Aug. 19, 2020–Sanjiv DasThe author, with Caliber Home Loans, says the decline in mortgage forbearance applications is a positive sign.https://www.marketwatch.com/story/how-are-homeowners-coping-with-the-coronavirus-economy-the-mortgage-market-is-giving-clues-2020-08-19
1 in 4 Hotels Can’t Pay Their Mortgage
CNN Business, Aug. 19, 2020–Jordan ValinskyThe report, sent to Congress this week and compiled by Trepp, shows that the percentage of hotel loans 30 or more days delinquent is 23.4% …
How Would Negative Interest Rates Affect Mortgages?
Fox Business, Aug. 19, 2020–Ben LuthiThe federal funds rate indirectly impacts many of the interest rates you’ll see from lenders, including mortgage lenders. However, lender rates are long-term, while the …
A Troubling Tale of a Black Man Trying to Refinance His Mortgage
CNBC, Aug. 19, 2020–Diana OlickAkili Akridge had all the right stats: a steady six-figure salary, an 800 FICO credit score, and 20% equity in a home. He experienced firsthand the …
Weekly Mortgage Refinances Fall as Interest Rates Suddenly Turn Higher
CNBC, Aug. 19, 2020–Diana OlickMortgage application volume down 3.3% from the previous week, the Mortgage Bankers Association reported. Mortgage applications to purchase a home increased just 1% for the week …
Struggling Businesses Push Commercial Real Estate Into the Red
Fox13 (Tampa), Aug. 19, 2020–Briona ArradondoNearly one in four hotel owners have fallen behind on paying their debts since COVID-19 reached pandemic levels. Now, commercial real estate owners and managers …
Here Are 2020’s Hottest Housing Markets According to ZIP Code
HousingWire, Aug. 18, 2020–Julia FalconCompared to last year, the housing market this year has seen some big changes. Notably, people are moving inland from the large cities as the pandemic …
Empire State Building Reflects New York’s Deepening Real-Estate Woes
Wall Street Journal, Aug. 18, 2020–Konrad PutzierThe iconic New York City tower looks vulnerable to losing tenants as companies embrace remote work or cheaper offices outside city centers. (subscription)https://www.wsj.com/articles/empire-state-building-reflects-new-yorks-deepening-real-estate-woes-11597752001
Loans For 1st-Time Homebuyers See Record Delinquencies
NPR, Aug. 18, 2020–Chris ArnoldFHA mortgages are a path to homeownership for many lower-income, minority and first-time homebuyers. But many are clearly in financial trouble. The Mortgage Bankers Association says …