Urban Institute, July 2, 2020–Laurie Goodman, Ellen Seidman, Jun ZhuThe authors explain the four biggest failings of the Office of the Comptroller of the Currency’s final rule and discusses how …
Category: Top National News
Office Space: Pandemic Redefines Commercial Real Estate Industry
NBC Dallas-Fort Worth, July 2, 2020–Alanna QuillenAs more people work from home, what does it mean for the entire commercial real estate industry? Companies are rethinking whether they want to …
Real Estate Prices Fall in New York
New York Times, July 2, 2020–Stefanos Chen, Sydney FranklinSince the coronavirus shut the city down, the number of sales in Manhattan dropped 54 percent and the median price fell to …
Mortgage Rates Just Hit a New Low Again
Washington Post, July 2, 2020–Kathy OrtonWith remarkable regularity, each new month seems to send the 30-year fixed-mortgage rate down to a historic low. (MBA mention)https://www.washingtonpost.com/business/2020/07/02/mortgage-rates-just-hit-new-low-again/
How COVID-19 Could Alter the Regulatory Landscape
American Banker, July 1, 2020–John Heltman (subscription)The 2008 financial crisis transformed banking regulation. But how have those changes held up in the current recession, and what might be coming next?https://www.americanbanker.com/podcast/how-covid-19-could-alter-the-regulatory-landscape
Will the CFPB Still Protect Consumers?
Mortgage Professional America, July 1, 2020–Ryan SmithSome finance industry groups, including the Mortgage Bankers Association, have expressed support for the Supreme Court’s Monday decision that the president could fire the …
Trump Attacks a Suburban Housing Program. Critics See a Play for White Votes
New York Times, July 1, 2020–Glenn ThrushIn a Twitter post late Tuesday, Mr. Trump announced that he was considering the elimination of a 2015 initiative known as Affirmatively Furthering Fair …
Federal Reserve Meeting Minutes Show Concern About Steep Economic Downturn
Associated Press, July 1, 2020–Darlene SupervilleFederal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity …
Construction Spending Weakened in May
MarketWatch, July 1, 2020–Greg RobbOutlays for construction projects fell 2.1% in May at a seasonally adjusted annual rate of $1.36 trillion, the Commerce Department reported Wednesday.https://www.marketwatch.com/story/construction-spending-weak-in-may-2020-07-01
Hope Now to Suspend Operations, Citing Coronavirus Restrictions
National Mortgage News, July 2, 2020–Bonnie Sinnock (subscription)“Hope Now’s primary approach to borrower assistance has been organizing and hosting large gatherings of consumers and servicers, an approach that is incompatible …