National Mortgage News, Mar. 29, 2021–Bonnie Sinnock (subscription)“The key to all of this is how fast assistance gets into renters’ hands,” said Mike Flood, senior vice president of commercial/multifamily policy …
Category: Top National News
JPMorgan, Salesforce Join Growing List of Firms Dumping Office Space
Wall Street Journal, Mar. 30, 2021–Konrat Putzier (subscription)JPMorgan Chase & Co., Salesforce . com Inc. and PricewaterhouseCoopers are among the major firms looking to unload big blocks of office space, …
The Typical American House Price Keeps Hitting Record Highs; Redfin Says the Rise is ‘Concerning’
Business Insider, Mar. 29, 2021–Juliana KaplanHome prices have grown throughout the pandemic, as supply remains at record lows. Similar dramatic increases in other markets are fueling fears of an international …
The Environmental Implications of the Return to the Office
Bloomberg, Mar. 29, 2021–Sarah HolderTelecommuting can save energy and reduce emissions — unless it doesn’t. A new tool can help companies measure workplace carbon emissions, and figure out if going …
Annaly Capital Management to Sell CRE Business in $2.33 Billion Deal
Mortgage Professional America, Mar. 29, 2021–Candyd MendozaThe firm announced Friday that it has entered an agreement to sell all the assets of its CRE business to Slate Asset Management, a …
Rising Mortgage Rates are Starting to Become a Problem
Bloomberg, Mar. 29, 2021–Brian ChappattaIt’s not just that refinancing is down, but Americans still looking to buy will feel the full brunt of skyrocketing home prices.https://www.bloomberg.com/opinion/articles/2021-03-29/rising-mortgage-rates-are-starting-to-become-a-problem
Mortgage Fraud is Likely to Increase–Here’s How You Can Be Ready For It
National Mortgage News, Mar. 29, 2021–Paul Harris (subscription)If the past is predictive, the coming shift to a purchase market, combined with higher home prices and the enticement of quick appreciation, …
Coronavirus Was Supposed to Drive Bankruptcies Higher. The Opposite Happened
Wall Street Journal, Mar. 29, 2021–Soma Biswas, Harriet Torry (subscription)Bankruptcy filings by consumers under chapter 7 were down 22% last year compared with 2019, while individual filings under chapter 13 …
Remote Work Is Here to Stay. Manhattan May Never Be the Same
New York Times, Mar. 29, 2021–Matthew HaagNew York City, long buoyed by the flow of commuters into its towering office buildings, faces a cataclysmic challenge, even when the pandemic ends.https://www.nytimes.com/2021/03/29/nyregion/nyc-office-workers-coronavirus-pandemic.html?campaign_id=2&emc=edit_th_20210329&instance_id=28593&nl=todaysheadlines®i_id=42063674&segment_id=54395&user_id=e670283fb4fff3d4391d6f88569ad498
Wells Fargo Pays $96M to Settle LO Comp Lawsuit
HousingWire, Mar. 26, 2021–James KleimannWells Fargo agreed to pay $95.7 million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations …