Wall Street Journal, Sept. 30, 2020–Nick Timiraos (subscription)Federal Reserve officials’ promises to hold interest rates very low for a long time could pose a dilemma once the pandemic is over: …
Category: Top National News
Mortgage Demand Falls Nearly 5% Even as Interest Rates Set Another Record Low
CNBC, Sept. 30, 2020–Diana OlickDespite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according …
Fed’s Rosengren Worries About Risks to Lending From Prolonged Virus Threat
Wall Street Journal, Sept. 30, 2020–Nick Timiraos (subscription)Boston Fed President Eric Rosengren said his outlook for the U.S. economy is more pessimistic than some of his colleagues. He cited the …
Disney to Lay Off 28,000 Employees as Coronavirus Slams Its Theme Park Business
CNBC, Sept. 29, 2020–Sarah WhittenProlonged closures at Disney’s California-based theme parks and limited attendance at its open parks has forced the company to lay off 28,000 employees across its parks, …
Most Retailers Have Now Struck Agreements with Landlords on Back Rent
GlobeSt.com, Sept. 25, 2020–Kelsi Maree BorlandRetailers have struggled to pay rent through the pandemic, and as a result, the retail market has been among the sectors with the lowest rent …
Pelosi ‘Hopeful’ as She and Mnuchin Speak on Coronavirus Aid, Plan Further Talks
Reuters, Sept. 29, 2020House Speaker Nancy Pelosi said on Tuesday she hoped to have a coronavirus aid deal with the White House this week, after speaking with Treasury Secretary Steve …
In New Lawsuit, More than 85,000 Landlords Challenge Legitimacy of CDC Eviction Moratorium
Mortgage Professional America, Sept. 29, 2020–Clayton JarvisThe lawsuit, filed by the New Civil Liberties Alliance in Georgia’s Northern District on behalf of a collection of plaintiffs including the 85,000-member National …
Brookfield Cuts Staff as It Tries to Steady Mall Portfolio
Wall Street Journal, Sept. 29, 2020–Esther Fung (subscription)Brookfield Property Partners’ recent move to slash staff shows how the firm’s big bet on repurposing shopping malls is slamming into unanticipated challenges …
3 Ways the COVID-19 Pandemic Has changed Buying a Home and Getting a Mortgage–For the Better
MarketWatch, Sept. 29, 2020–Sanjiv DasCEO of Caliber Home Loans says the coronavirus pandemic has reshaped Americans’ home buying experience by making it more consumer friendly, and will have significant and …
A Look into the 2020 Refinance Wave with MBA’s Mike Fratantoni
HousingWire, Sept. 29, 2020Mortgage Bankers Association‘s Chief Economist and Senior Vice President of Research and Industry Technology Mike Fratantoni discusses his recent HousingWire article. He also expands upon why mortgage …