Wall Street Journal, Mar. 30, 2020–Suzanne Kapner (subscription)The department store operator, which employs roughly 130,000 people, told staff on Monday that it would continue to pay health benefits and cover …
Category: Top National News
Hotels See Gap in Rescue, Seek Fed Commercial Mortgage Bond Aid
Roll Call, Mar. 30, 2020–Jim SaksaEven as the president signs the largest economic assistance package in U.S. history into law, industry groups are saying more needs to be done. Before …
Coronavirus is Brewing a Mortgage Crisis
Curbed.com, Mar. 30, 2020–Jeff AndrewsA mortgage forbearance directive could decimate mortgage lending infrastructure if Congress and regulators don’t act fast.https://www.curbed.com/2020/3/27/21197434/mortgage-coronavirus-forbearance-crisis-coronavirus-servicers
Impac Mortgage Halts Lending for Two Weeks Due to Coronavirus
National Mortgage News, Mar. 30, 2020–Brad Finkelstein (subscription)Impac Mortgage Holdings suspended all mortgage lending activity for a two-week period effective March 31, citing liquidity constraints at the company’s secondary market …
With Hand Sanitizer and Elbow Bumps, Real Estate Agents are Still Selling During Pandemic
Washington Post, March 30, 2020–Kathy Orton Normally, spring is the busiest time of the year for the housing market. Now, as nonessential businesses are shuttering to wait out the pandemic, …
April Fool’s Day 2020: No Joke for Borrowers, Loan Servicers
Commercial Property Executive, March 30, 2020–Paul Fiorilla, Debra MorganThis year, April 1 is significant to the commercial real estate industry for decidedly unfunny reasons. On that date, the first commercial …
Real Estate Publisher Lets 70 Go, Blames Coronavirus Impact
The Star (Toronto), Mar. 27, 2020–Josh Rubin Key Media publishes 130 trade magazines devoted to real estate, mortgages and insurance, including Mortgage Professional America.https://www.thestar.com/business/2020/03/27/real-estate-publisher-lets-70-go-blames-coronavirus-impact.html?fbclid=IwAR0OLMIKWcu3LmjfvAjJ0zhkEL14og4-LACFjwRWhj4WZOhs0aGKyWRiSPM
Is the Coronavirus About to Wipe Out FHA Lending?
HousingWire, Mar. 27, 2020–Ben LaneOver the last week, many (if not all) of the biggest lenders specializing in lending to borrowers outside the Qualified Mortgage lending box paused their activities …
Coronavifus Pushes Mortgage Industry to Remote Adaptation
National Mortgage News, Mar. 27, 2020–Paul Centopani (subscription)As the world practices social distancing to counteract spreading the virus further, it forces lenders to move as close as possible to an …
Is Mortgage Industry Equipped to Implement Washington’s Fobearance Plan?
American Banker, Mar. 29, 2020–Kevin Wack (subscription)Homeowners slammed by the COVID-19 pandemic were flooding the phone lines of their mortgage servicers even before details of a $2 trillion relief package …