Wall Street Journal, May 28, 2020–Andrew Restuccia, Kate Davidson (subscription)The White House won’t issue updated economic projections this summer because of uncertainty caused by the coronavirus pandemic, according to a …
Category: Top National News
Mortgage Rates Hit All-Time Lows
Washington Post, May 28, 2020–Kathy OrtonWith mortgage rates tumbling to new lows, some are beginning to wonder just how far they will continue to fall. According to the latest data …
Should You Skip a Mortgage Payment During the Pandemic?
U.S. News and World Report, May 28, 2020Mortgage deferment and forbearance both allow you to put off mortgage payments, but the plans are structured differently, explains Sara Singhas, director of …
House Passes Bill to Grant Flexibility for Small Business Aid Program
The Hill, May 28, 2020–Cristina MarcosThe House on Thursday passed bipartisan legislation to provide struggling small businesses with more flexibility while using loans provided through the Paycheck Protection Program, in …
Commercial Buyer Pool Shrinking Faster than During Great Recession
Scotsman Guide, May 28, 2020–Arnie AurellanoWhile there’s reason to believe that the residential market may not see its buyer numbers shrink as much as previously feared, the same evidently can’t …
COVID-19 to Result in 3% GDP Contraction in 2020: Fund Manager Survey
Reuters, May 28, 2020–Carolyn CohnTwo-thirds of alternative fund managers expect GDP to shrink by at least 3% in their focus markets this year as a result of the coronavirus pandemic, …
As Coronavirus Lockdown Rules Ease, Some Want to Keep Working From Home
Wall Street Journal, May 27, 2020–Harriet Torry (subscription)As states begin to lift the stay-at-home restrictions put in place to combat the coronavirus pandemic, some workers now say they are just …
As Democrats Urge Pause in Bank Rules, GOP Says Hurry Up
American Banker, May 27, 2020–Neil Haggerty (subscription)The congressional showdown over the pace of rulemaking during the pandemic is a hardening of older positions on banking policy ahead of the 2020 …
What if It’s an O-Shaped Recovery? Hint: That Would Be Really Bad
HousingWire, May 27, 2020–Phil HallFor Joel Kan, associate vice president at the Mortgage Bankers Association, the recovery would fall “between the V to a check shape like that little Nike …
Low Mortgage Rates Increasingly Inaccessible for Poor Credit Score Borrowers
Bankrate.com, May 27, 2020–Mitch StrohmMortgage rates may be near multi-decade lows, but those favorable rates are becoming less accessible to borrowers with damaged credit. For many of those individuals loans …