National Mortgage News, Nov. 24, 2020–Hannah Lang (subscription)The Trump administration has compelled the Federal Reserve to shut down the Main Street Lending Program and other facilities that aid banks’ pandemic …
Category: Top National News
A Surge of New Commercial Mortgage Opportunities Comes to Market
GlobeSt.com, Nov. 24, 2020–Kelsi Maree Borlandhe pandemic has catalyzed a wave of new investment opportunities in commercial mortgages. In the last six months, more than $6 billion in commercial mortgages …
Mike Fratantoni on the MBA’s Mortgage Market Outlook
HousingWire, Nov. 24, 2020 (podcast)Mike Fratantoni, the Mortgage Bankers Association’s chief economist and senior vice president of Research and Industry Technology, discusses the MBA’s Mortgage Forecast, which includes revised estimates …
A Record 19.4 Million Homeowners Can Now Save Big on a Mortgage Refinance…
CNBC, Nov. 24, 2020–Diana OlickWith the latest record low of 2.72% on Freddie Mac’s weekly 30-year fixed average, the number of “high-quality” mortgage refinance candidates jumped to 19.4 million, according …
When the Coronavirus Pandemic Settles Down, So Will Homeowners
Wall Street Journal, Nov. 24, 2020–Justin Lahart, Laura Forman (subscription)America’s housing market has been radically changed by the Covid-19 crisis, and some of those changes will persist. But the first …
Hotel Lending: Banks in ‘Race Against Time’
American Banker, Nov. 23, 2020–Jim Dobbs (subscription)Hospitality sector credits are coming out of forebearance just as coronavirus cases surge. Restructurings and charge-offs could mount unless vaccine distribution happens quickly enough …
Millions of Americans Expect to Lose Their Homes as Covid Rages
Bloomberg, Nov. 23, 2020–Alexandre TanziMillions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S.About …
Closing the Gaps: Building Black Wealth through Homeownership
Urban Institute, Nov. 23, 2020–Alanna McCargo, Jung Hyun ChoiThis report reviews the critical role housing equity plays in building wealth for Black families, reviews the historical factors that have contributed …
Janet Yellen Is Biden’s Pick for Treasury Secretary
Wall Street Journal, Nov. 23, 2020–Nick Timiraos, Kate Davidson, Ken Thomas (subscription)President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen, an economist at the forefront of policy-making …
GOP Readies Counterpunch if Biden Removes CFPB Chief
National Mortgage News, Nov. 23, 2020–Kate Berry (subscription)The president-elect has legal backing to fire Director Kathy Kraninger thanks to a recent court ruling, but Republicans are prepared to challenge his …