Mortgage Professional America, Nov. 17, 2020–David KitaiWhile a declining forbearance rate is good news for the US economy, that doesn’t mean these remaining borrowers are all in the clear. Marina …
Category: Top National News
Korean Appetite for U.S. Commercial Real Estate Heats Up During Pandemic
Wall Street Journal, Nov. 17, 2020–Konrad Putzier (subscription)South Korean investors are emerging as some of the most aggressive buyers of U.S. commercial real estate during the COVID-19 period.https://www.wsj.com/articles/korean-appetite-for-u-s-commercial-real-estate-heats-up-during-pandemic-11605618010?
A Third GOP Senator Comes Out Against Trump’s Fed Nominee, Putting Confirmation Vote on Knife’s Edge
Washington Post, Nov. 16, 2020–Rachel Siegel, Seung Min KimSen. Lamar Alexander (R-Tenn.) on Monday said he would not support the nomination of Judy Shelton to the Federal Reserve’s board of …
The Senate May Not Flip, But Banking Committee is Poised for Shake-Up
American Banker, Nov. 16, 2020–Neil Haggerty (subscription)If the GOP can hold its majority in the chamber, Sen. Pat Toomey, R-Pa., will likely become the panel’s chairman. His ardent support for …
Home Depot Beats Quarterly Same-Store Sales Estimates
Retuers, Nov. 17, 2020–Uday SampathHome Depot Inc beat quarterly same-store sales estimates on Tuesday, as a surge in demand for tools, gardening equipment and building materials from people upgrading their …
PNC Buying BBVA USA for $11.6 Billion
American Banker, Nov. 16, 2020–Alan Kline (subscription)The deal would rank among the biggest bank combinations since the financial crisis, creating a coast-to-coast franchise with about $563 billion of assets and …
Biden Talks with U.S. Corporate Leaders, Calls for Cooperation on Recovery
Reuters, Nov. 16, 2020–Trevor Hunnicutt, Doina ChiacuPresident-elect Joe Biden consulted the CEOs of top U.S. companies and labor leaders on Monday before a planned speech on fixing the pandemic-battered economy …
Can a Stalled Train to Las Vegas Speed Housing Construction in California?
Bloomberg, Nov. 16, 2020–Romy VargheseAn investment group failed to sell $2.4 billion in bonds to finance the Brightline West high-speed rail project. Housing advocates hope those funds can help ease …
What the Surge in COVID Cases Means for the Housing Market This Winter
HousingWire, Nov. 16, 2020–Logan MohtashamiWith COVID infection rates exploding and hospitalization rates rising as we go into the cold winter months, the risk this poses to our recovering housing market …
SEC Chairman Jay Clayton to Leave Agency at End of 2020
Wall Street Journal, Nov. 16, 2020–Paul Kiernan, Dave Michaels (subscription)Securities and Exchange Commission Chairman Jay Clayton will step down at the end of the year, opening the door for Democrats …