Washington Post, Mar. 5, 2020–Kathy OrtonAs concerns intensified that the coronavirus will have an outsize effect on the global economy, mortgage rates tumbled to their lowest level in the history …
Category: Top National News
Landlords Aim to Keep Offices Squeaky Clean as Coronavirus Spreads
The Real Deal, Mar. 5, 2020–Eddie SmallThe coronavirus outbreak wreaking havoc on the stock market and hotel industry is having an impact on the office market as well.https://therealdeal.com/2020/03/05/landlords-aim-to-keep-offices-squeaky-clean-as-coronavirus-spreads/
The Termination of LIBOR An Update on Implications for the Mortgage Market
Urban Institute, Mar. 5, 2020–Laurie Goodman, Edward GoldingThe authors see signs of progress, albeit less than might have been expected. They believe that many market participants will look to Fannie …
Larry Kudlow Says ‘We’re Not Going to Panic’ Over the Economy
Bloomberg, Mar. 4, 2020–Shawn DonnanTop presidential adviser says the expansion is not at risk, but his optimism has led him astray in the past.https://www.bloomberg.com/news/articles/2020-03-05/larry-kudlow-says-we-re-not-going-to-panic-over-the-economy?srnd=premium
Federal Reserve Retools Capital Rules for Largest U.S. Banks
Wall Street Journal, Mar. 4, 2020–Andrew Ackerman (subscription)Fed officials on Wednesday said the changes would simplify rules for big banks such as JPMorgan Chase & Co. and Wells Fargo & …
Former CFPB Official to Return to Bureau as Acting Deputy Chief
American Banker, Mar. 4, 2020–Joe Adler (subscription)Leonard Chanin, a senior official with the Federal Deposit Insurance Corp., will return to the Consumer Financial Protection Bureau as Acting Deputy Chief.https://www.americanbanker.com/news/former-cfpb-official-to-return-to-bureau-as-acting-deputy-chief
U.S. Businesses Show Growing Concern over Impact of Coronavirus, Fed Survey Shows
Reuters, Mar. 4, 2020–Lindsay DunsmuirThere are signs the escalating coronavirus outbreak has begun to weigh on business sentiment in the United States, a report by the Federal Reserve released on …
Women are Taking Hold of the Housing Market
HousingWire, Mar. 4, 2020–Julia FalconWhen talking about homeownership, many couples are waiting until later on in life or living with their parents or roommates. However, a new report from Compass …
New York Condo Developers Have 31,000 Reasons to Smile
Wall Street Journal, Mar. 4, 2020–Katherine Clarke New York City condo developers are facing a supply overhang and tax changes resulting in greater costs for buyers. But there is one …
Mortgage Lenders are Hiring Like Mad to Handle Demand as Rates Plunge
Bloomberg, Mar. 4, 2020–Shahien Nasiripour, Prashant GopalExecutives at four of the nation’s 15 biggest mortgage lenders, already gearing up for a busy 2020, anticipate hiring thousands of employees this year …