Urban Institute, Apr. 13, 2020–Laurie Goodman, Dan MagderThis brief examines the consequences of not helping renters, the assistance that has already been provided through the Coronavirus Aid, Relief, and Economic …
Category: Top National News
‘Rent Strikes’ Could Wreak Further Havoc on Mortgage System
American Banker, Apr. 13, 2020–Hannah Lang (subscription)The prospect of so-called rent strikes compounds the precarious position for apartment building owners during the pandemic. Borrowers of federally backed multifamily loans have …
Nine in 10 Receive Mortgage Breaks
National Mortgage Professional, Apr. 13, 2020–Navi PersaudThe latest report from LendingTree revealed that more than 90 percent of people who asked for a break on their mortgages actually received it. …
GSEs Must Finance the Default Wave
National Mortgage News, Apr. 13, 2020–Christopher Whalen (subscription)The author, chairman of Whalen Global Advisors, says the best thing FHFA can do is to allow the GSEs to operate exactly the …
Coronavirus Pushes Home Sales Off a Cliff. When Will they Recover?
Bankrate.com, Apr. 13, 2020–Jeff OstrowskiLenders have stepped up their scrutiny of borrowers, says Joel Kan, associate vice president of economic and industry forecasting at the Mortgage Bankers Association. Before March, …
Here’s Why It’s Suddenly Much Harder to Get a Mortgage, or Even Refinance
CNBC, Apr. 13, 2020–Diana OlickMortgage credit availability in March fell to the lowest level in five years, according to a survey by the Mortgage Bankers Association. Lenders cite a large …
Wall Street Heaps Blame on Calabria as Roadblock to Mortgage Aid
Bloomberg, Apr. 13, 2020–Elizabeth DexheimerFederal Housing Finance Agency Director Mark Calabria’s outspokenness has made him the brunt of industry rebukes. The Washington-based Mortgage Bankers Association, which lobbies on behalf of …
Chris Tomlinson: Time for Some Kind Bargaining in Commercial Real Estate
Houston Chronicle, April 13, 2020–Chris TomlinsonGood businesspeople know how to strike a deal that benefits all parties, and in the time of COVID-19, responsible businesspeople will negotiate deals where all …
CRE’s Potential Winners and Losers in a Virus-Hit World
National Real Estate Investor, Apr. 13, 2020–Elaine MisonzhnikCOVID-19 will likely leave the world and the commercial real estate industry looking different than before. Here’s how the current pandemic could play …
Amid Pandemic, State Elected Officials Become de facto Bank Regulators
American Banker, Apr. 12, 2020–Kevin Wack (subscription)In blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another …