Washington Post, Nov. 9, 2020–PAulina Firozi, Seung Min Kim, Tracy Jan, Josh DawseyCarson, who tested positive Monday morning at Walter Reed National Military Medical Center after experiencing symptoms, was at …
Category: Top National News
JPMorgan Relaxes Mortgage Curbs With U.S. Housing Prices on Rise
Bloomberg, Nov. 9, 2020–Michelle F. DavisJPMorgan Chase & Co. is going on the “offensive” in mortgages as home prices rise across the country, said Marianne Lake, the bank’s chief executive …
Zillow Does Refis? Third-Quarter Earnings how How the Company is Cashing in on Low Rates
HousingWire, Nov. 9, 2020–Julia Falcon, Sarah WheelerAccording to its earnings report, Zillow’s mortgage revenue grew 114% to $54 million in Q3. Within the mortgage segment, its origination revenue grew more …
Despite Hesitant Would-Be Sellers, Home Buying Sentiment is Improving
National Mortgage News, Nov. 9, 2020–Paul Centopani (subscription)A number of unknowns about the election and the coronavirus response kept consumer confidence in check, according to Fannie Mae.https://www.nationalmortgagenews.com/news/u-s-housing-market-improves-slightly-for-buyers-and-sellers-in-october
Real-Estate Stocks Soar on Hope Vaccine Will Ease Covid Concerns
Wall Street Journal, Nov. 9, 2020–Konrad Putzier (subscription)Real-estate stocks surged Monday after news of successful Covid-19 vaccine test results helped claw back some of the huge declines the sector has …
Making Community Lending a Force Again
Mortgage Professional America, Nov. 9, 2020–Ryan SmithMinority-owned banks can be important economic drivers in their communities. A March study by the Urban Institute found that Black-owned banks generally lent in …
Biden and Commercial Real Estate: 4 Intersections to Watch
Commercial Observer, Nov. 9, 2020–Tom AcitelliThe incoming Biden administration‘s decisions on a range of issues could impact the commercial real estate market and industry directly. Here are the four areas …
Homebound Workers Inject Life into Suburban Malls After Downtowns Empty Out
Reuters, Nov. 8, 2020–Nichola Saminather, Victoria WalderseeAs the coronavirus pandemic rages and most downtown office employees in many cities work from home at least through year-end, urban retailers’ loss is …
With Biden Declared Winner, What’s Next for Banks?
National Mortgage News, Nov. 7, 2020–Hannah Lang (subscription)With a Democrat set to take the White House in January, the agenda for agencies like the CFPB could undergo a rapid transformation, …
Evidence of PPP Fraud Mounts, Officials Say
Wall Street Journal, Nov. 8, 2020–Ryan Tracy (subscription)The federal government is swamped with reports of potential fraud in the Paycheck Protection Program, according to government officials and public data, casting …