Wall Street Journal, Oct. 27, 2020–Peter Grant and Christine Mai-Duc (subscription)More than 40 years after imposing severe restrictions on property-tax increases, California voters might begin rolling them back next week, …
Category: Top National News
Lenders Cracking Down on Mall Owners Behind on the Mortgage
Wall Street Journal, Oct. 27, 2020–Esther Fung (subscription)More lenders are starting to deliver a stern new message to delinquent mall owners: time to pay up.https://www.wsj.com/articles/lenders-cracking-down-on-mall-owners-behind-on-the-mortgage-11603800000?
Struggling Rental Market Could Usher in Next American Housing Crisis
Wall Street Journal, Oct. 27, 2020–Will Parker (subscription)A housing crisis centered on the vast apartment and home-rental markets is emerging in the U.S., threatening to send millions of renters into …
Americans’ Debts are Mounting, Putting New Focus on Biden’s Role Opposing Bankruptcy Protections
Washington Post, Oct. 27, 2020–Douglas MacMillan, Jonathan O’ConnellExperts are predicting a wave of bankruptcy filings from individuals and business owners who are burning through their savings and federal stimulus benefits, …
A $50 Billion Housing Bond Market is Stuck in Limbo
Bloomberg, Oct. 26, 2020–Joe Light, Christopher MaloneyProposed regulatory changes have left investors worrying they might be left holding the bag.https://www.bloomberg.com/news/articles/2020-10-26/a-50-billion-housing-bond-market-is-stuck-in-regulatory-limbo?srnd=premium
Townstone Financial Files Motion to Dismiss CFPB Redlining Suit
HousingWire, Oct. 26, 2020–Alex RohaTownstone moved to dismiss the lawsuit based on expressive action that the CFPB attempted to expand the reach of the ECOA to “prospective applicants,” which the …
New Residential Records 3Q Profits on Strong Origination Activity
National Mortgage News, Oct. 26, 2020–Brad Finkestein (subscription)The company had lower losses on its mortgage servicing rights investments compared with the second quarter.https://www.nationalmortgagenews.com/news/new-residentials-3q-2020-earnings-report-analyzed
Will the End of Forbearance Mean a Wave of Foreclosures?
Mortgage Professional America, Oct. 26, 2020–Ryan SmithSen. Sherrod Brown, D-Ohio, ranking member of the Senate Banking Committee has repeatedly accused the director of the Consumer Financial Protection Bureau of putting …
CRE’s Bid-Ask Spread Widens: Moody’s
Commercial Property Executive, Oct. 26, 2020–Scott BalticA rise in cap rates will cause commercial real estate values to drop from 7 to 9 percent in the multifamily and industrial sectors …
What Title Insurers’ 3Q Results Reveal About the Mortgage Market
National Mortgage News, Oct. 26, 2020–Brad Finkelstein (subscription)The Mortgage Bankers Association estimated there were 2.8 million loan units originated in the third quarter, split nearly evenly between purchases and refinancings. …