CNBC, Mar. 17, 2020–Diana OlickAs the growing economic impacts of the coronavirus roll through the nation, some of the nation’s largest mortgage lenders are already getting calls from borrowers, concerned …
Category: Top National News
Trump Considering Plan to Let Homeowners Delay Mortgage Payments
Bloomberg, Mar. 17, 2020–Prashant GopalThe Trump administration is considering a plan to allow homeowners whose income was cut by the coronavirus to delay mortgage payments, according to the Mortgage Bankers …
Regional Mall Owners Face One of Their Toughest Weeks on Record. How Will They Cope?
National Real Estate Investor, Mar. 17, 2020–Elaine Misonzhnik Restaurant and store closings might mean some very tough decisions for regional mall landlords.https://www.nreionline.com/retail/regional-mall-owners-face-one-their-toughest-weeks-record-how-will-they-cope?
As the Coronavirus Spreads, a Question: ‘Will Mortgage Rates Stay Low?’
New York Times, Mar. 17, 2020–Ann CarrnsRates will “likely stabilize but remain low for now,” said Joel Kan, associate vice president of economic and industry forecasting at the Mortgage Bankers …
Construction Lenders Are Open For Business Amid COVID-19 Disruption
GlobeStreet, Mar. 17, 2020–Kelsi Maree BorlandWhile there is more prudence, construction projects are still moving through COVID-19 challenges.https://www.globest.com/2020/03/17/construction-lenders-are-open-for-business-amid-covid-19-disruption/?
Wells Fargo Claws Back $15 Million of Former CEO’s Pay
Wall Street Journal, Mar. 16, 2020–Ben Eisen (subscription)Timothy Sloan, the Wells Fargo & Co. chief executive who left last year after failing to turn around the troubled lender, lost $15 …
America’s Economy Begins to Shut Down as Pandemic Measures Take Hold
New York Times, Mar. 16, 2020–Patricia Cohen, Jim TankersleyIn some places, public officials and private business owners moved with stunning speed. In others, paralyzing hesitancy, defiant bravado or blithe disregard …
Bank Regulators are Open for Business, But Not Business as Usual
American Banker, Mar. 16, 2020–Brendan Pedersen, Hannah Lang, Kate Berry (subscription)As everyday life grinds to a halt in response to the coronavirus outbreak, add the bank regulatory agencies to entities …
Coronavirus: First Test of a U.S. Financial System 10 Years in Repair
Reuters, Mar. 16, 2020–Howard SchneiderA health emergency dismissed at first as a fleeting risk to the U.S. economy has turned into a full-on test of whether a decade of planning, …
Manhattan Multifamily Rents 3X Natonal Average
Mortgage Professional America, Mar. 16, 2020–Phil HallManhattan’s multifamily rental market ended 2019 with a 1.9% increase in rents, according to new data from Yardi Matrix.https://www.mpamag.com/commercial/manhattan-multifamily-rents-3x-national-average-216978.aspx