Wall Street Journal, Mar. 19, 2020–AnnaMaria Andriotis, Ben Eisen (subscription)U.S. consumers are facing what could become the biggest credit crunch since the Great Depression. Lenders and credit-reporting firms aren’t sure …
Category: Top National News
McConnell Takes Reins of Third Coronavirus Bill
The Hill, Mar. 18, 2020–Jordain CarneySenate Majority Leader Mitch McConnell, R-Ky., is coming back to the negotiating table as lawmakers try to craft a mammoth stimulus package. The GOP leader …
Trump Signs Coronavirus Aid Package with Paid Sick Leave, Free Testing
The Hill, Mar. 18, 2020–Morgan ChalfantThe House-passed measure was approved by the Senate earlier Wednesday and includes provisions offering paid leave benefits for Americans, bolstered unemployment benefits and free diagnostic …
Racing to Head Off Evictions and Foreclosures
New York Times, Mar. 19, 2020–Conor Dougherty, Matthew Goldstein, Emily FlitterMembers of the Mortgage Bankers Association, a trade group, and other housing-industry figures began telling White House officials this week …
U.S. May Give Banks Bonus Points for Low-Income Lending Amid Coronavirus
Reuters, Mar. 18, 2020–Chris PrenticeU.S. regulators are considering giving banks additional regulatory points for lending to mid- to low-income Americans hurt by the coronavirus, as they seek to mitigate the …
IRS Delays Tax Payment Deadline by 90 Days
HousingWire, Mar. 18, 2020–Kathleen HowleyThe Internal Revenue Service has delayed tax payment deadlines for 90 days because of the coronavirus pandemic, though at this point the April 15 due date …
Small Mortgage Companies Seek Suspension of Tighter GSE Requirements
National Mortgage News, Mar. 18, 2020–Bonnie Sinnock (subscription)https://www.nationalmortgagenews.com/news/small-mortgage-companies-seek-suspension-of-tighter-gse-requirements
As Homeowners Wait Out Coronavirus, Some Rush to Refinance
Wall Street Journal, Mar. 18, 2020–Katy McLaughlin (subscription)In these tough times, a rare silver lining has come in the form of mortgage refinancings—an effect of the stock market sell off …
Commercial Real Estate Finding It’s Not Immune to the Coronavirus
Commercial Property Executive, Mar. 18, 2020–Paul FiorillaMonday’s giant sell-off in the stock market, combined with announcements of increasingly draconian closures of businesses, is moving the real estate market toward a …
Hotel Industry Seeks $150B Bailout as Marriott Begins Furloughs
The Real Deal, Mar. 18, 2020The hotel industry is coming to White House hat in hand as the coronavirus pandemic has chilled global travel. The American hospitality industry asked the …