The Hill, Mar. 27, 2020–Alexander BoltonLawmakers are already planning another round of legislation aimed at keeping companies flush with capital and millions of workers on payrolls amid the coronavirus pandemic, …
Category: Top National News
At Long Last, the Cycle Ends. What’s Next?
Commercial Property Executive, March 27, 2020–Paul FiorillaCommercial real estate’s unusually long run of success over the past decade left many in the industry guessing when and how the cycle would …
The Price Tag for Keeping 29 Million Families in Their Homes: $162 Billion
Urban Institute, Mar. 27, 2020–Karan Kaul, Laurie GoodmanWe’ve quantified the cost of housing assistance for both renters and homeowners and laid out scenarios that range in cost from $40.5 to …
Coronavirus Fallout May Test Commercial Real Estate Industry’s ‘Extend and Pretend’ Limits
Sacramento Business Journal, March 27, 2020–Emily Hamann, Ben van der Meer Commercial real estate experts agree it’s too early to tell how or when vulnerabilities will come to the fore …
Mnuchin Expects Strong Economic Rebound After Coronavirus Shutdowns End
Wall Street Journal, Mar. 27, 2020–Paul Kiernan (subscription)Treasury Secretary Steven Mnuchin said Friday he expects the economy to rebound strongly after widespread shutdowns to contain the novel coronavirus are lifted, …
Mortgage Lender Angel Oak Axes 70% of Its Staff
Bloomberg, Mar. 27, 2020–Shahien Nasiripour, Claire Boston, Sridhar NatarajanOne of the largest U.S. mortgage firms catering to riskier borrowers slashed 70% of its workforce, signaling a deep slowdown in that …
Fannie Mae, Freddie Mac to Roll Out New Mortgage-Payment Deferral Option…
MarketWatch, Mar. 27, 2020–Jacob PassyAt the direction of the Federal Housing Finance Agency, the two mortgage companies are rolling out payment deferrals, which will serve as an alternative to forbearance …
Mortgage Industry Seeks Billions in Federal Help as Homeowners Stop Paying Their Loans
Washington Post, Mar. 27, 2020–Renae MerleWithout federal assistance, said Bob Broeksmit, President and CEO of the Mortgage Bankers Association, a large industry trade group, some mortgage servicers say they could …
Will the Coronavirus Change Real Estate Landscape Forever?
Orange County Register, March 27, 2020–Allan BuchananAs our local economy is in virtual lockdown and the raging tsunami of disruption roils our psyche, will commercial real estate and its owners …
Financial Stress Factors Facing Housing
DS News, Mar. 27, 2020–Mike AlbaneseThe spread of COVID-19 has caused disruptions in the financial and economic markets. Don Layton, the former CEO of Freddie Mac, said many REITs specialize …