Bloomberg, Mar. 1, 2021–John GittelsohnU.S. mall values plunged an average 60% after appraisals in 2020, a sign of more pain to come for retail properties even as the economy emerges …
Category: Top National News
FHFA Issues Green Light On More Than $1B For Affordable Housing Funds
National Mortgage Professional, Mar. 1, 2021–Navi PersaudThe Federal Housing Finance Agency disbursed $1.09 billion for Fannie Mae and Freddie Mac’s affordable housing allocations for 2020. According to a press release, …
Rocket’s Mortgage Engine Is Still Running Hot
Wall Street Journal, Mar. 1, 2021–Telis Demos (subscription)There are some strong emerging headwinds for mortgage lenders right now, but Rocket appears to be navigating through them better than expected.https://www.wsj.com/articles/rockets-mortgage-engine-is-still-running-hot-11614596400
The Mortgage Workforce is Back, but for How Long?
HousingWire, Mar. 1, 2021–James KleimannIn 2006, loan officers were collecting record paydays by issuing mortgages to anyone with a pulse and a dream, underwriters were in high demand and an …
Millions of Tenants Fall Further Behind on Rent as They Await Federal COVID-19 Assistance
Wall Street Journal, March 1, 2021–Andrew Ackerman and Will Parker (subscription)Many states have yet to distribute $25 billion they received from the Treasury Department to help renters.https://www.wsj.com/articles/millions-of-tenants-fall-further-behind-on-rent-as-they-await-federal-covid-19-assistance-11614594602?
Offices Can Glimpse Their Future at the Mall
Wall Street Journal, March 1, 2021–Carol Ryan (subscription)How will office valuations be affected by the decline of the five-day commute? Shopping malls could provide some answers.https://www.wsj.com/articles/office-can-glimpse-their-future-at-the-mall-11614599358?
DOJ Files Appeal of Trump-Appointed Judge’s Ruling on CDC Eviction Moratorium
CNN, Feb. 27, 2021–Jessica SchneiderThe Department of Justice has filed an appeal of a federal judge’s decision this week that declared the US Centers for Disease Control and Prevention eviction …
CFPB Pick’s Past Statements Set Stage for Testy Confirmation Hearing
American Banker, Feb. 26, 2021–Kate Berry (subscription)Rohit Chopra, President Biden’s nominee to lead the Consumer Financial Protection Bureau, has not minced words in calling out private companies for wrongdoing. He …
Senate Mulls Changes to $1.9 trillion Coronavirus Bill
The Hill, Feb. 28, 2021–Jordain Carney The House passed the legislation on Friday, sending it to the Senate where it could come up next week. Leadership wants to get the …
Fiscal Stimulus Fires Up U.S. Consumer Spending; Inflation Benign
Reuters, Feb. 26, 2021–Lucia MutikaniU.S. consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new …