New York Post, Jan. 25, 2021–Lois WeissSitting at home has been good business for the city’s industrial sector, which was already revving up to service the influx of packages ordered …
Category: Top National News

A Post-Pandemic World: Getting from Here to There
CRE Direct, Jan. 25, 2021–Jamie WoodwellMBA Vice President of Commercial/Multifamily Research & Economics discusses the “new normal” of commercial real estate in the aftermath of the coronavirus pandemic.https://img03.en25.com/Web/MortgageBankersAssociation/%7B5f7c6e01-4c36-4035-b045-c9210928212a%7D_Jamie_Woodwell_-January_2021-_Trepp___Commercial_Real_Estate_Direct_The_Year-End_2020.pdf

Covid-19 Homeowner Protections Will Expire Soon. What You Need To Know
Barron’s, Jan. 24, 2021–Shaina MishkinBorrowers who cannot afford to continue to pay their mortgage after homeowner protections lift could avoid foreclosure by selling their home, said Mike Fratantoni, chief economist …

Biden Issues 60-Day Regulation Freeze
HousingWire, Jan. 22, 2021–Kelsey RamirezAs one of his first directives upon taking office, President Joe Biden announced a 60-day freeze on regulations to give his administration the time necessary to …

For The Second Time, Biden Enters The White House Facing A Housing Crisis
Forbes, Jan. 22, 2021–Natalie CampisiPresident Joe Biden is no stranger to severe housing problems. When he became vice president in 2009 under the Obama administration, he inherited a massive subprime …

Covid-19’s Financial Toll Mounts as Homeowners Keep Postponing Mortgage Payments
Wall Street Journal, Jan. 24, 2021–Orla McCaffrey (subscription)For roughly the past two months, that group of homeowners has flatlined at about 5.5%, according to the Mortgage Bankers Association. Though that …

Yellen Wins Unanimous Senate Panel Vote for Treasury Despite Republican Tax, Debt Concerns
Reuters, Jan. 22, 2021–David Lwder, Andrea ShalalThe Senate Finance Committee on Friday unanimously approved Janet Yellen’s nomination as the first woman Treasury secretary, indicating that she will easily win full …

Biden’s Student Loan Freeze Shows Path to Erase Billions of Debt
Bloomberg, Jan. 22, 2021–Shahein NasiripourThanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more than $200 …

Lumber Prices are Near Record Highs, Could They Push Home Prices Up Further?
Mortgage Professional America, Jan. 22, 2021–David KitaiHistorically, high lumber prices have underpinned the housing story since the pandemic began. While they haven’t managed to prevent homebuilders from breaking records in …

With Democrats in Power, will CRA be Expanded to Nonbanks?
National Mortgage News, Jan. 22, 2021–Brendan Pedersen (subscription)The election of President Biden and turnover in leadership of the federal banking agencies not only means a new regulatory approach to implementing …