Yield Pro, July 21, 2020–Bill JohnsonThe Mortgage Bankers Association recently released its commercial real estate finance forecast. It projects a fall-off in commercial lending this year with a recovery starting …
Category: Top National News
Former Ginnie Mae Chief Calls for Liquidity Facility
National Mortgage News, July 21, 2020–Bonnie SinnockThe measures currently ensuring mortgage companies have sufficient cash to cover advances aren’t necessarily sustainable, warns Ted Tozer, a senior fellow at the Milken …
How Low Are Mortgage Rates Right Now? Just Look at the Sky-High Numbers From the ’80s and ’90s
Money magazine, July 21, 2020–Brenda RichardsonTraditionally, proposals and parenthood lead to home purchases. With interest rates below 3%, however, mortgage prices may join the list.https://money.com/how-low-are-mortgage-rates-right-now-just-look-at-the-sky-high-numbers-from-the-80s-and-90s/
Record Low Mortgage Rates Put More Cash In Pockets, But May Not Boost Economy Much
NPR, July 21, 2020–Chris ArnoldA historic drop in mortgage rates has millions of homeowners refinancing to save money. It’s helping home sales, but it’s not helping the broader economy as …
40% of Bank Execs Plan to Reduce Real Estate Footprint: Survey
The Real Deal, July 21, 2020–Kevin SunWhile banks have begun the slow, careful process of returning employees to the office, most executives aren’t expecting everyone to come back.https://therealdeal.com/2020/07/21/40-of-bank-execs-plan-to-reduce-real-estate-footprint-survey/
Over Half Of Mortgage Borrowers Lost Income During Pandemic
National Mortgage Professional, July 21, 2020–Keith GriffinLending Tree said 53% of mortgage borrowers in the United States have lost income during the pandemic. About 4 in 10 mortgage borrowers said …
The Finance 202: Millions of Americans Face Financial Shock as Benefits Set to Lapse in Days
Washington Post, July 21, 2020–Tory NewMyer, Brent D. GriffithsMillions of Americans will start losing critical financial support in the coming days as Republicans in Washington decide whether they will extend …
CIT Group’s Chris Niederpruem on Taking the Helm of What He Helped Kickstart
Commercial Observer, July 21, 2020–Mack BurkeChris Niederpruem took over as CIT Group’s head of real estate finance a year ago this month. One of his first tests: Dealing with a …
Biden Proposes $775 Billion Plan Funded by Real Estate Taxes
Bloomberg, July 21, 2020–Tyler PagerJoe Biden on Tuesday unveiled a $775 billion plan to bolster child care and care for the elderly that would be financed by taxes on real …
Big Banks Urge HUD to Shelve Redlining Plan. Small Banks Say Not So Fast
American Banker, July 20, 2020–Joe Adler (subscription)In what is a sea change from their prior stance in “disparate impact,” big banks are urging the Trump administration to reconsider plans to …