National Mortgage Professional, July 1, 2020According to Doug Gordon, WaterStone Bank president and CEO, no replacement has been named. Peach was named president and CEO last August, replacing NAMB Past …
Category: Top National News
A Recovery That Started Out Like a V Is Changing Shape
Wall Street Journal, July 1, 2020–Greg Ip (subscription)After recovering rapidly from mid-April through mid-June the economy has shown signs of sputtering in the past two weeks.https://www.wsj.com/articles/a-reverse-square-root-recovery-11593602775?mod=hp_lead_pos5
As the Fed’s Powell Sounds Alarm, Mortgage Rates Tank Below 3%
Yahoo! Finance, July 1, 2020–Doug WhitemanIn two days of testimony to Congress this week — including an appearance on Tuesday in which he wore a mask and had a pump-bottle …
Mortgage Demand Falls for the Second Straight Week, Signaling a Potential Slowdown in the Housing Recovery
CNBC, July 1, 2020–Diana OlickMortgage applications to purchase a home fell for the second straight week, down 1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted …
The Pandemic Kick-Started Remote Real Estate Closings, But They Shouldn’t End There
Forbes, July 1, 2020–Nate BakerWhile it’s possible to shop for a home through virtual tours and even customize finishes online, you can’t complete the entire process electronically.https://www.forbes.com/sites/forbesrealestatecouncil/2020/07/01/the-pandemic-kick-started-remote-real-estate-closings-but-they-shouldnt-end-there/#77a5edd733f7
COVID-19 Drives New Construction Features, Financing Realities
GlobeSt.com, July 1, 2020–Cheryl MillerThe COVID-19 pandemic is fueling new safety-minded changes in construction design, according to a developer of office, industrial and multifamily projects.https://www.globest.com/2020/07/01/covid-19-driving-new-construction-features-financing-realities/
SCOTUS Decision on CFPB Receives Support – and Condemnation
Mortgage Professional America, June 30, 2020–Ryan Smith (MBA mention)Industry groups and advocacy organizations had mixed reactions to the Supreme Court’s Monday ruling that preserved the Consumer Financial Protection Bureau but …
Affordable Housing Experts Talk Systemic Change
The Real Deal, June 30, 2020–Georgia KromreiAs protests draw attention to systemic racism, urban planning receives scrutiny, too.https://therealdeal.com/2020/06/30/affordable-housing-experts-talk-systemic-change/
Senate Passes Extension of Application Deadline for PPP Small Business Loans
The Hill, June 30, 2020–Jordain CarneyUnder the bill passed by the Senate by unanimous consent, the deadline for applying for Paycheck Protection Program loans — which go to businesses with …
Sundae Raises $16.55 Million for Distressed Real Estate Marketplace
Housing Wire, June 30, 2020–Mary Ann AzevedoSundae, a residential real estate marketplace that pairs sellers of distressed property with potential buyers, has raised $16.55 million in Series A funding.https://www.housingwire.com/articles/sundae-raises-16-55-million-for-residential-real-estate-marketplace/