New York Times, June 9, 2020–Tom AcitelliSafety concerns have forced developers to rethink mixed-use projects combining retail, residences and offices, which have helped define the live-work-play ethos that many younger …
Category: Top National News
Shoppers Surprise Retailers by Returning to Stores
Wall Street Journal, June 9, 2020–Suzanne Kapner (subscription)Shoppers are returning to reopened stores faster than expected, according to retail executives.https://www.wsj.com/articles/shoppers-surprise-retailers-by-returning-to-stores-11591733058?
Fannie Mae, Freddie Mac Forbearance Rate is ‘Manageable,’ Calabria Says
HousingWire, June 9, 2020–Kathleen HowleyMark Calabria, who heads the government’s watchdog agency overseeing Fannie Mae and Freddie Mac, told the Senate Banking Committee on Tuesday that forbearance requests for loans …
U.S. Layoffs Ease in April; Hiring Slumps to Record Low
Reuters, June 9, 2020–Lucia MutikaniLayoffs in the United States fell in April, but remained the second highest on record, while hiring hit an all-time low, suggesting the labor market could …
U.S. Job Market Rapidly Healing in June, Fed Researchers Say
Bloomberg, June 9, 2020–Steve MathewsThe U.S. labor market has continued to heal at a relatively rapid rate through early June, St. Louis Federal Reserve researchers found, using real-time data that …
Mortgage Credit Availability Hits 6-Year Low
National Mortgage News, June 9, 2020–Paul Centopani (subcription)“Mortgage lenders in May responded accordingly to the increased risk and uncertainty in the economy,” Joel Kan, MBA associate vice president of economic …
Following Messy Start, Enormous Paycheck Protection Program Showing Signs of Buttressing Economy
Washington Post, June 9, 2020–Jonathan O’Connell, Jeanne Whalen, Jeff Stein, Erica WernerAfter a flood of complaints, balky computer systems, changed rules and frantic calls to the Treasury Department, the federal …
NAMMBA CEO Thompson: Change Begins With Conversation
National Mortgage Professional Magazine, June 9, 2020–Eric C. Peck“The most important thing leaders can do right now is say, ‘I support you and hear you, I may not be able …
As Many as 25,000 U.S Stores May Close in 2020, Mostly in Malls
Bloomberg, June 8, 2020–Kim BhasinAs many as 25,000 U.S. stores could close permanently this year after the coronavirus pandemic devastated an industry where many mall-based retailers were already struggling. The …
TCPA Ruling By Appeals Court Blocks Some Debt Calls
HousingWire, June 98, 2020–Kathleen HowleyThe U.S. Court of Appeals for the Ninth Circuit in San Francisco issued a ruling last week making it harder for lenders to contact borrowers in …