National Mortgage Professional, Feb. 22, 2022–Doug PageDespite January’s surge in house sales , Federal Reserve Governor Michelle Bowman predicted Monday that sluggish wage growth combined with high inflation and increasing …
Category: Top National News
Mortgage Businesses Seen Laying Off Thousands as Volume Drops
Bloomberg, Feb. 22, 2022–Carmen ArroyoU.S. home mortgage lenders have spent much of the last two years hiring. Now they might have to spend the coming months laying workers off. (MBA …
Macy’s Opts for Smaller Makeover
Wall Street Journal, Feb. 22, 2022–Jinjoo Lee (subscription)Macy’s said Tuesday that it chose not to move forward on a spinoff of its e-commerce business. The execution risk was too high, …
Commercial Real Estate Is Seen as an Inflation Hedge, but That Isn’t Always the Case
Wall Street Journal, Feb. 22, 2022–Peter Grant (subscription)With inflation running its hottest in four decades, some investors are starting to question the strength of real estate’s defenses against higher priceshttps://www.wsj.com/articles/commercial-real-estate-is-seen-as-an-inflation-hedge-but-that-isnt-always-the-case-11645534801?
The Price of Worsening Sea Level Rise for CRE
Commercial Property Executive, Feb. 22, 2022–Barbra MurrayThe commercial real estate industry is pricing in and planning for sea level rise, “and elevation is the name of the game,” said Emily …
Yes, Lenders Are Interested in Financing Retail Properties
Wealth Management Real Estate, Feb. 22, 2022–Jenn ElliotAfter more than two years of heavy lending on multifamily and industrial, lenders are searching for higher yields.https://www.wealthmanagement.com/retail/yes-lenders-are-interested-financing-retail-properties?
New Lending Rules Could Stifle Loans, Insurance for Florida Condos that Need Repairs
Insurance Journal, Feb. 22, 2022Freddie Mac and Fannie Mae are now requiring banks to evaluate the condition of buildings before approving a loan, the Miami Herald reported. The corporations said …
SOFR Leads Race to Replace Libor as Interest-Rate Benchmark
Wall Street Journal, Feb. 22, 2022– Mark Maurer (subscription)U.S. companies and financial institutions are starting to settle on a new interest-rate benchmark to replace the troubled London interbank offered rate, …
Online Real Estate Isn’t Worth the Chance
Wall Street Journal, Feb. 21, 2022–Laura Forman (subscription)You can make a lot of money on physical real estate right now, but recent results from major online real-estate players show 2022 …
Fed Overhaul Investment and Trading Rules Following Resignations of Top Officials
Washington Post, Feb. 18, 2022–Rachel SiegelThe Federal Reserve on Friday overhauled its trading rules for policymakers and staffers, rewriting previous guidelines that central bankers said were insufficient amid the resignations …