Commercial Property Executive, March 27, 2020–Holly DuttonHotels around the world are being converted into emergency medical facilities, and in some cases, temporary lodging for health-care workers.https://www.cpexecutive.com/post/hurt-by-virus-hotels-turn-hospital/?
Category: Top National News
Back to the Future
UExpress, Mar. 27, 2020–Lew SichelmanWe are all dreamers. We love to stargaze about what the future holds. But just how well do we predict what’s going to happen five, 10 …
Will the Pandemic Lead to a Wave of Bank Failures?
American Banker, Mar. 26, 2020–Brendan Pedersen (subscription)An uptick in closings is likely, but how many institutions go under and how fast will depend on a variety of factors, including the …
Fed Balance Sheet Tops $5 Trillion for First Time as it Enters Coronavirus War Mode
Reuters, Mar. 26, 2020–Dan BurnsThe U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans …
Mnuchin Forms Task Force to Confront Mortgage Firms’ Liquidity
Bloomberg, Mar. 26, 2020–Jesse WestbrookTreasury Secretary Steven Mnuchin said he has formed a task force of U.S. financial regulators to deal with the liquidity shortfall that mortgage service firms may …
Five Federal Agencies Encourage Small-Dollar Loans to Consumers and Small Businesses
National Mortgage Professional, Mar. 26, 2020The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp., the National Credit Union Administration, the Office of the Comptroller of …
House Leadership Advises Members to Return to D.C. as Massie Weighs Roll Call Vote on Stumulus Package
The Hill, Mar. 26, 2020–Juliegrace BrufkeHouse leadership advised members on Thursday evening to come back to Washington, D.C., on Friday morning if possible, as top lawmakers said they anticipate Rep. …
It was the Worst Week for the Economy in Decades. The Pain is Just Beginning
Washington Post, Mar. 26, 2020–Heather LongWhat sets this downturn apart is how rapidly the virus — and the economic pain — have spread. It remains a wide open question whether …
Those Working in Battered Industries May Not Get their Mortgage Approved
OC Register (Calif.), Mar. 26, 2020–Jeff LazersonIn just one week, subprime lending came screeching to a halt as investors worried about risk in an economy shaken by the coronavirus outbreak. …
Fed Set to Launch Multitrillion Dollar Helicopter Credit Drop
Bloomberg, Mar. 26, 2020–Rich MillerThe Federal Reserve is poised to spray trillions of dollars into the U.S. economy.https://www.bloomberg.com/news/articles/2020-03-26/fed-set-to-launch-multitrillion-dollar-helicopter-credit-drop?srnd=premium