Wall Street Journal, May 8, 2023–Will Parker (subscription)A handful of California cities are still enforcing laws that protect tenants from eviction or rent increases, extending pandemic-era policies that most of …
Category: Top National News
Post Pandemic: Return to The Office Lags — Effecting Commercial Real Estate
NPR, May 8, 2023–Arezou RezvaniThere are more empty office spaces now than during the 2008 financial crisis. These vacancies could spell trouble for downtown city centers and the broader commercial …
Mortgage Fees (Seriously) Spurred Outrage on TikTok. Here’s Why
New York Times, May 7, 2023–Tara Siegel Bernard“You still get a better rate and loan pricing if you make a higher down payment and have better credit,” said Bob Broeksmit, …
Mortgage Fees (Seriously) Spurred Outrage on TikTok. Here’s Why
New York Times, May 7, 2023–Tara Siegel Bernard“You still get a better rate and loan pricing if you make a higher down payment and have better credit,” said Bob Broeksmit, …
Amid Shareholder Pressure, KeyCorp Commits to a Racial Equality Audit
American Banker, May 4, 2023–Alissa Kline (subscription)KeyCorp says that it will undergo a third-party racial equity audit to measure the impact that its diversity and equity programs are having internally …
Bank Failures Are Tightening Credit, Says Davidson Kempner’s Yoseloff
Bloomberg, May 5, 2023–Erin HudsonRegional bank collapses are cutting into credit availability, doing some of the Federal Reserve’s work as the central bank looks to tighten credit, said Tony Yoseloff, …
New York State Considers Raising Reverse Mortgage Borrower Age
WRE News.com, May 5, 2023–Phil HallState Assembly Bill A5877 would also make additional changes to the state’s reverse mortgage laws including provisions for reverse mortgages and cooperative apartments, defining the …
Rithm Capital May Spin Off Mortgage Business
National Mortgage Professional, Ma5, 2023–David KrechevskyRithm Capital rebranded last year, and now the CEO says the company is considering another big change — spinning off its mortgage operation.https://nationalmortgageprofessional.com/news/rithm-capital-may-spin-mortgage-business
Majority of Nonbank Mortgage Job Cuts May Be Over With
National Mortgage News, May 5, 2023–Bonnie Sinnock (subscription)The latest monthly payroll estimates show mortgage bankers and third party originators have made a lot of headway in downsizing aimed at bringing …
Republic First Bancorp Cuts Jobs in Preparation to Exit Mortgage Business
Reuters May 5, 2023–Siddharth SRepublic First Bancorp said on Friday it cut jobs in its commercial lending unit as the lender prepares to exit its mortgage origination business.https://www.reuters.com/business/finance/republic-first-bancorp-cuts-jobs-preparation-exit-mortgage-business-2023-05-05/