American Banker, July 7, 2020–Michael Moeser (subscription)Nearly six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of …
Category: Top National News
CoreLogic Rejects Unscolicited Bid, Citing Cannae’s Ties to Rivals
National Mortgage News, July 7, 2020–Brad Finkelstein (subscription)CoreLogic rejected the unsolicited offer for the company from Senator Investment Group and Cannae Holdings, citing in part Cannae Chairman Bill Foley’s ties …
Layoffs Fell in May to Pre-Coronavirus Levels
Wall Street Journal, July 7, 2020–Eric Morath (subscription)The number of Americans dismissed from their jobs fell sharply in May to match levels recorded before the coronavirus pandemic and related shutdowns …
Mortgage Rates Reach Record Lows – Is Now The Right Time To Buy A House?
Forbes, July 7, 2020–Jeff RoseOn the plus side, house prices have held steady and even increased slightly in the face of the economic shutdown that followed the pandemic. And interest …
Millions of Americans Have Moved Due to Coronavirus
Bloomberg, July 7, 2020–Breanna T. BradhamThe ongoing coronavirus pandemic, which has infected nearly 3 million Americans and killed over 130,000, has also caused millions to uproot themselves from their homes. …
Is It Worth It for Lenders to Reopen Physical Offices?
HousingWire, July 6, 2020–Mary Ann AzevedoAs cities all over the country see a surge in COVID-19 cases, many companies are re-evaluating plans to reopen their offices.https://www.housingwire.com/articles/is-it-worth-it-for-lenders-to-reopen-physical-offices/
House Hunters Now Need Pre-Approval Letters to Walk in the Door…
Money, Julyy 6, 2020–Daniel BortzTo curtail potential exposure to the coronavirus, many sellers are trying to limit the number of people traipsing through their properties. To achieve this, real estate …
Cash Homebuyers Threaten Covid Recovery and Deepen Racial Wealth Gap
Gotham Gazette, July 7, 2020–Leo GoldbertIn a recently released analysis, “The Outsized Power of Cash Buyers in New York City’s Housing Market,” the Center for NYC Neighborhoods found that over …
Odd Lots: Bargain Pricing, Fraud Abounds
UExpress, July 3, 2020–Lew SichelmanAn opportunity for first-time buyers to find houses priced below market value is presenting itself in a number of places across the country.https://www.uexpress.com/housing-scene/2020/7/3/odd-lots-bargain-pricing-fraud-abounds
Treasury, SBA Release Data on Nearly 700,000 Small Business Loans
Washington Post, July 6, 2020–Jonathan O’Connell, Aaron Gregg, Steven Rich, Anu NarayanswamyAfter initial refusals, federal officials release records on loans they claim supported 51 million jobs.https://www.washingtonpost.com/business/2020/07/06/sba-ppp-loans-data/