PYMNTS.com, Oct. 26, 2020Plummeting commercial real estate prices could cause steep bank losses as people continue to work from home and shop online amid the global pandemic, according to a …
Category: Top National News
Hours Before Its IPO Fizzled, Guild Mortgage Agreed to Pay $25M to Settle Federal Lawsuit
HousingWire, Oct. 23, 2020–James KleimannJust before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when …
Blackstone to Buy Simply Self Storage for About $1.2 Billion
Wall Street Journal, Oct. 25, 2020–Miriam Gottfried (subscription)Blackstone Group Inc. has struck a deal to buy Simply Self Storage from Brookfield Asset Management Inc., making a bet on a sector …
Are We Headed for Another Foreclosure Crisis? 9 Housing Experts Share Their Predictions
Money, Oct. 24, 2020–Brenda RichardsonForeclosure and eviction protections under the CARES Act have provided some relief for homeowners with distressed finances. But once forbearance protections run out, the biggest fear …
Being Black Lowers the Value of My Home: The Legacy of Redlining
Washington Post, Oct. 23, 2020–Michelle SingletaryPick up and move our Black neighborhood of doctors, teachers, police officers and small-business owners just 20 miles west to a White subdivision with a …
CFPB Staff Shake-up Seen Hampering Investigations
American Banker, Oct. 22, 2020–Kate Berry (subscription)The agency’s consolidation of supervision and enforcement policy into one office could compromise the independence of those deciding when to investigate alleged wrongdoing by …
U.S. Housing Market Heats Up Ahead of Election But Not All Feel the Glow
Reuters, Oct. 23, 2020–Jonnelle MarteGains in home sales were concentrated in the higher end of the market, which is fine for people with stable jobs who have been able to …
Zillow: Frenetic Pace of Home Sales Beginning to Ease Up
MortgageOrb, Oct. 23, 2020–Michael BatesAccording to Zillow’s Weekly Market Report for the week ending Oct. 17, home prices reached new heights while inventory levels were at record lows, resulting in …
CoreLogic Post Record Revenue for 3Q, Makes Case Against Hostile Bid
National Mortgage News, Oct. 23, 2020–Brad Finkelstein (subscription)The war of words between Senator Investments, Cannae Holdings and CoreLogic continues in the run-up to the Nov. 17 special shareholders meeting.https://www.nationalmortgagenews.com/news/corelogic-posts-record-revenue-for-3q-makes-case-against-hostile-bid
If Women Drop Out of the Labor Force, Corporate Effectiveness Will Suffer
Wall Street Journal, Oct. 23, 2020–Rick Wartzman, Kelly Tang (subscription)With four times as many women as men having dropped out of the labor force last month, many people are concerned …