American Banker, June 12, 2020–William M. Isaac, Howard P. Milstein (subscription)The authors, a former chair of FDIC and chair of Emigrant Bank, respectively, say awmakers should go further than their …
Category: Top National News
Why are Millionaire Home Buyers Being Lumped in with Subprime Borrowers?
National Mortgage Professional, June 12, 2020–Clayton JarvisAccording to John R. Lynch, CEO and founder of PCMA Private Client Lending, “non-QM immediately, in the psychology of our industry, got labeled as …
CRE CLO Market Showing Signs of Recovery Amid COVID-19 Impact
National Mortgage News, June 12, 2020–Glen Fest (subscription)Owners of transitional commercial real estate properties continue to find takers of short-term bond offerings through CRE collateralized loan obligations. But those sponsors …
Coronavirus Highlights Need for Multifamily, Affordable Housing
National Mortgage News, June 12, 2020–Paul Centopani (subscription)The coronavirus pandemic brought more attention to the affordable housing issue and illuminated already vulnerable, low-income populations.https://www.nationalmortgagenews.com/news/coronavirus-highlights-need-for-multifamily-affordable-housing
Fed Report Says Coronavirus Shock Has Hit Low-Wage Workers Hardest
Wall Street Journal, June 12, 2020–Nick Timiraos (subscription)The Federal Reserve said severe disruptions in the U.S. labor market related to the coronavirus pandemic were hitting workers with lower earnings, including …
Why We’re Not Going Back to the Office Any Time Soon
Washington Post, June 12, 2020–Megan McCardleIf you used to work in a high-rise and are now working from home, chances are that come Dec. 31 you will still be someone …
Groups Push U.S. Rescue of Property Owners
Commercial Mortgage Alert, June 12, 2020Michael Flood, the Mortgage Bankers Association’s top commercial real estate policy staffer, said his and other industry groups are mounting a fierce battle against such …
Homeowners Also Game the System
UExpress, June 12, 2020–Lew SichelmanMuch has been written about government abuse during the COVID-19 pandemic. Plenty has been said, too, about how some well-heeled businesses have snatched up government loans …
Congress Confronts Summer Deadlines for Stimulus Spending Decisions
Wall Street Journal, June 11, 2020–Kate Davidson, Nick Timiraos (subscription)With the Federal Reserve pledging to do whatever it can to pull the U.S. out of a recession, it is now …
Black Community Braces for Next Threat: Mass Evictions
Politico, June 12, 2020–Katy O’DonnellA federal moratorium on evictions — which only applies to the 1 in 4 rental units that are backed by the government — expires in a …