Washington Post, Dec. 17, 2020–Tory NewmyerNow, with Congress moving forward with a roughly $900 billion aid package and the vaccines that should eventually end the coronavirus pandemic rolling out across …
Category: Top National News
Fixed Mortgage Rates Tumble to Lowest Level in History
Washington Post, Dec. 17, 2020–Kathy OrtonThe 30-year fixed mortgage rate, the most popular loan product, sank to its lowest level on record this week, marking the 15th historic low it …
Which CRE Sectors will Struggle and Which will Thrive in 2021?
Mortgage Professional America, Dec. 17, 2020–David KitaiJamie Woodwell, vice president for commercial real estate research at the Mortgage Bankers Association, broke down subsectors of the CRE space into how the …
CRE Mortgage Delinquencies Are on the Rise
Connected Real Estate Magazine, Dec. 17, 2020–Joe DytonA number of commercial real estate sectors have had trouble paying their mortgage during the COVID-19 pandemic, but none more than the hotel …
Wells Fargo Extends Work-from-Home Plans Until at Least March
Bloomberg, Dec. 17, 2020Wells Fargo will keep most employees working from home for at least a month longer than last announced.https://www.americanbanker.com/articles/wells-fargo-extends-work-from-home-plans-until-at-least-march
Housing Market Won’t Mind Libor’s Lingering Around
Wall Street Journal, Dec. 17, 2020–Telis Demos (subscription)The transition period away from the universal but tarnished funding benchmark, the London interbank offered rate, in the U.S. has gotten a bit …
Nearly 8 Million Americans Have Fallen into Poverty Since the Summer
Washington Post, Dec. 16, 2020–Heather LongThe U.S. poverty rate has surged over the past five months, with 7.8 million Americans falling into poverty, the latest indication of how deeply many …
Hotel Bookings Spike on Positive Vaccine News
Bloomberg, Dec. 16, 2020–Nikki EksteinIn the last week, a window seems to have opened for the hard-hit hotel industry. On Dec. 11, the same day that Pfizer’s vaccine was approved …
Refinance Demand Jumps 105% Annually, As Mortgage Rates Set 15th Record Low of 2020
CNBC, Dec. 16, 2020–Diana OlickTotal mortgage application volume increased 1.1% week-to-week according to the Mortgage Bankers Association’s seasonally adjusted index.https://www.cnbc.com/2020/12/16/refinance-demand-jumps-105percent-annually-as-mortgage-rates-set-record-low.html
American Business Media Acquires Mortgage Banker, Mortgage Women Magazines
National Mortgage Professional, Dec. 16, 2020–Navi PersaudTwelve 11 Media – the Las Vegas-based publisher of Mortgage Banker magazine and Mortgage Women magazine – today announced that its operations have been …