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 …
Category: Top National News
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 …
FHFA’s Capital Rule Is a Step Backward
Urban Institute, July 22, 2020–Jim Parrott, Bob Ryan, Mark ZandiThe authors summarize and critique FHFA’s recent capital proposal for Fannie Mae and Freddie Mac, concluding that it misapplies the bank …
Weekly Mortgage Demand From Homebuyers Jumps Even Higher, Up 19% Annually
CNBC, July 22, 2020–Diana OlickHomebuyer demand and an already strong refinance market pushed mortgage application volume up 4.1% last week, the Mortgage Bankers Association said.https://www.cnbc.com/2020/07/22/weekly-mortgage-demand-from-homebuyers-jumps-higher-up-19percent-annually.html
TJMaxx and Other Off-Price Retail Stocks Have Been Hit Hard By COVID. Why a Bounce Might Be Inevitable.
Barrons, July 22, 2020–Teresa RivasIn past few months, companies across the board have been touting their digital sales. Yet the pandemic has shown that there’s at least one class of …
Banks Facing Potential Hefty Volume of Troubled CRE Loans
National Real Estate Investor, July 21, 2020–Beth Mattson-TeigWith forbearance periods still underway, visibility has not yet emerged on how much distress sits on bank balance sheets.https://www.nreionline.com/distressed/banks-facing-potential-hefty-volume-troubled-cre-loans?