The Hill, June 7, 2020–Rebecca KlarHousing and Urban Development Secretary Ben Carson said Sunday issues over systemic racism are “very uncommon now,” while acknowledging the death of George Floyd in …
Category: Top National News
COVID-19 May Delay Meaningful GSE Reform
GlobeSt.com, June 5, 2020–Ryan TarinelliThe economic shock triggered by the COVID-19 pandemic has lowered the chance of meaningful GSE reform over the next couple of years, according to Fitch Ratings.https://www.globest.com/2020/06/05/covid-19-may-delay-meaningful-gse-reform/?
Housing in 2020 Had ‘So Much Momentum’
MReport, June 5, 2020Tim Rood from Situs AMC discussed affordability and what the Fed is doing to make sure interest rates remain low during this crisis.https://themreport.com/daily-dose/06-05-2020/housing-in-2020-had-so-much-momentum
Tenants’ Troubles Put Stress on Commercial Real Estate
New York Times, June 5, 2020–Conor Dougherty,Peter EavisAs landlords face rent shortfalls and renegotiation because of the pandemic, lenders are also exposed. Hotels and retail spaces have been hit hardest.https://www.nytimes.com/2020/06/05/business/economy/coronavirus-commercial-real-estate.html
Government’s Mortgage Bailout Tally Shrinks for the First Time Since the Coronavirus Hit
CBNC, June 8, 2020–Diana OlickThe number of borrowers in both government and private-label mortgage forbearance programs dropped by 34,000 last week, Black Knight reported. This is the first drop since …
Credit Union Mortgage Lending Surges Despite Pandemic
Credit Union Times, June 5, 2020 –Aman Johal (MBA mention)Lending channels at credit unions have remained open despite economic uncertainty stemming from the coronavirus pandemic. Industrywide, total loan balances increased …
‘It’s Going To Be Ugly,’ Analyst Says as Mortgage Rates Suddenly Spike on Shocking Jobs Report
CNBC, June 5, 2020–Diana OlickThe average mortgage shopper may see rates on the 30-year fixed as much as a quarter point higher, said Matthew Graham, COO of Mortgage News Daily, …
Mortgage Rates Drifted Higher on Optimistic Economic News
Washington Post, June 4, 2020–Kathy Orton (MBA mention)Encouraging economic news pushed mortgage rates higher this week.https://www.washingtonpost.com/business/2020/06/04/mortgage-rates-drifted-higher-optimistic-economic-news/
Coronavirus Is Sending Luxury Rental Markets on a Rollercoaster Ride
Wall Street Journal, June 4, 2020–Katy McLaughlin, Candace Taylor (subscription)The pandemic is affecting the leasing landscape in cities like Chicago, New York and Seattle in different ways.https://www.wsj.com/articles/coronavirus-is-sending-luxury-rental-markets-on-a-rollercoaster-ride-11591287680?
As Commercial Rents Evaporate, New York City Co-Ops Face a Wave of Potential Assessments
Wall Street Journal, June 4, 2020–Virginia Smith (subscription)A slowing sales market and a crisis in retail rents may leave buildings struggling to balance the budget.https://www.mansionglobal.com/articles/as-commercial-rents-evaporate-new-york-city-co-ops-face-a-wave-of-potential-assessments-215410?