American Banker, Nov. 30, 2020–Kate Berry (subscription)As policymakers and consumer advocates seeks ways to narrow the racial gap in homeownership, a new report suggests nonbanks are doing a better job …
Category: Top National News
HNWI Interest Grows for CRE Feeder Funds
National Real Estate Investor, Nov. 30, 2020–Beth Mattson-TeigIt is no surprise that private equity real estate funds that are normally laser focused on large institutional investors are expanding their target …
Biden Unveils Diverse Economic Team as Challenges to Economy Grow
Politico, Nov. 29, 2020–Megan Cassella, Ben White, Tyler PagerThe president-elect intends to name Cecilia Rouse, Neera Tanden and Wally Adeyemo to senior roles in his administration.https://www.politico.com/news/2020/11/29/biden-economic-transition-team-441227?nname=playbook&nid=0000014f-1646-d88f-a1cf-5f46b7bd0000&nrid=00000162-0236-dd74-ad6a-137eaa110000&nlid=630318
How Climate Change Could Spark the Next Home Mortgage Disaster
Politico, Nov. 30, 2020–Zack ColmanTaxpayers are backing more than a trillion dollars in home mortgages, but the agencies buying them are neglecting to consider climate risks.https://www.politico.com/news/2020/11/30/climate-change-mortgage-housing-environment-433721
Odd Lots: Failure to Launch
UExpress, Nov. 27, 2020–Lew SichelmanDespite lifelines thrown their way by Congress, the Urban Institute counts roughly 400,000 homeowners who are delinquent on their mortgages, but who have failed to take …
New Jersey’s American Dream Mall Is Still Waiting to Fully Open
New York Times, Nov. 26, 2020–Sapna Maheshwari, Michael Corkery When the American Dream mall, a massive shopping and entertainment complex next to MetLife Stadium in East Rutherford, N.J., finally opened …
Why Fannie Mae’s New Executive VP is Looking Long-Term
Mortgage Professional America, Nov. 25, 2020–David KitaiMichele Evans has spent her whole career in multifamily and has, in the past few months, reached a near pinnacle of that side of …
Biden to Name Rouse, Tanden to Economic Team
Wall Street Journal, Nov. 29, 2020–Ken Thomas, Kate Davidson (subscription)President-elect Joe Biden intends to nominate a team of liberal and centrist economic advisers to serve alongside planned Treasury Secretary nominee …
High-Balance Loan Limits Soar to Record $822,375 in 2021
Orange County Register, Nov. 25, 2020–Jeff LazersonFor the second year in a row, mortgage caps have set a new record and are officially in the stratosphere, heading for the moon. …
CEO Argues Housing Market’s Dislocation from Economy Can’t Last
Mortgage Professional America, Nov. 25, 2020–Davie KitaiMany mortgage professionals are enjoying their best years ever. The CEO of EasyKnock, Jarred Kessler, though, thinks the party may yet end in disaster.https://www.mpamag.com/news/ceo-argues-housing-markets-dislocation-from-economy-cant-last-240079.aspx