American Banker, June 17, 2020–John Heltman (subscription)The Supreme Court is poised to decide the fate of the Consumer Financial Protection Bureau’s leadership structure, but the implications could reach far beyond …
Category: Top National News
Will Contactless Technology Be a Priority for Post-COVID-19 Workplace
Mortgage Professional America, June 17, 2020–Kasi JohnstonPrior to COVID-19, common contactless technology might have extended to auto sensor doors, faucets and soap dispensers, but JLL, commercial real estate services company, …
As New York Reopens, Many of Its Hotel Rooms Look Closed for Good
Wall Street Journal, June 16, 2020–Peter Grant (subscription)The pandemic that hit New York’s hotel industry harder than any other U.S. lodging market is expected to leave thousands of rooms there …
Americans Skip Millions of Loan Payments as Coronavirus Takes Economic Toll
Wall Street Journal, June 18, 2020–AnnaMaria Andriotis (subscription)Americans have skipped payments on more than 100 million student loans, auto loans and other forms of debt since the coronavirus hit the …
Mortgage Performance Steady in Q1
MReport, June 17, 2020–Mike AlbaneseThe Office of the Comptroller of the Currency’s Mortgage Metrics Report for Q1 2020 found 96.5% of mortgages were current and performing at the end of …
A Trump Tax Break Is Not Spurring Job Creation, Study Finds
New York Times, June 17, 2020–Jim TankersleyA report on opportunity zones finds that a tax incentive President Trump credits with revitalizing black communities has mostly helped real estate developers.https://www.nytimes.com/2020/06/17/business/trump-opportunity-zone-jobs.html?campaign_id=2&emc=edit_th_20200618&instance_id=19423&nl=todaysheadlines®i_id=42063674&segment_id=31197&user_id=e670283fb4fff3d4391d6f88569ad498
Rate of Decline in Home Maintenance Activity Eases Slightly in May
HousingWire, June 17, 2020–Alex RohaMay housing activity declined year over year “across the board” according to a report by Buildfax, a property condition data service provider. However, the report states …
Home Prices Will Recover Quickest in Cities with Many IT, Finance Jobs
National Mortgage News, June 17, 2020–Paul Centopani (subscription)The report by Unison also advised investors to focus on “diversified residential real estate” over traditional retail and office spaces.https://www.nationalmortgagenews.com/news/home-prices-will-recover-quickest-in-cities-with-many-it-finance-jobs
More Than Half Of Home Sellers Willing To Accept A Lower Offer Price Amid COVID-19
National Mortgage Professional, June 17, 2020–Navi PersaudNearly 70% of home sellers are willing to accept a lower purchase price just to reach the closing point, according to a new LendingTree …
Powell Says Economic Gains Are at Risk if Stimulus Measures End Prematurely
Wall Street Journal, June 17, 2020–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell said recent economic improvement could be jeopardized if Congress curtailed support to workers displaced and businesses shuttered by …