Forbes, Sept. 11, 2020–Natalie CampisiExperts can’t point to one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Certainly, the Federal …
Category: Top National News
It Hasn’t Been This Hard to Get a Mortgage in Six Years
HousingWire, Sept. 11, 2020–Kathleen HowleyMortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said.https://www.housingwire.com/articles/it-hasnt-been-this-hard-to-get-a-mortgage-in-six-years/
Purchase Mortgage Business Will Remain Strong, Lenders Say
National Mortgage News, Sept. 11, 2020–Brad Finkelstein (Free content)Mortgage lenders expect consumer demand for both purchase and refinance loans to remain strong over the next three months, driving optimism when …
CMBS Delinquency Rate Down in August, But Ominous Conditions Remain
Asset Securitization Report, Sept. 10, 2020–Brad FinkelsteinFor the first time since the pandemic began, delinquencies among loans included in commercial mortgage-backed securities declined on a month-to-month basis, according to Fitch …
Borrower Distress is Opening Opportunities for Private Mortgage Investing
Orange County Register, Sept. 10, 2020–Jeff LazersonThere are three main routes to investing in mortgages, ranging from becoming a lender to investing in a mortgage fund.https://www.ocregister.com/2020/09/10/borrower-distress-is-opening-opportunities-for-private-mortgage-investing/
Clarifire’s Jane Mason: Tech Opportunities Spring Up From Mass Urban Exodus
HousingWire, Sept. 11, 2020–Leslie CollinsAs the mortgage industry continues to navigate record-low interest rates in the midst of a pandemic, many companies are seeing tech opportunities, and rising up to …
Citi Names Jane Fraser as CEO, The First Woman to Lead a Major US Bank
CNN Business, Sept. 10, 2020–Matt EganCitigroup made history Thursday by naming Jane Fraser as its next CEO. She will become the first woman to lead a major U.S. bank.https://edition.cnn.com/2020/09/10/business/citi-woman-ceo-jane-fraser/index.html
Could Soaring Lumber Prices Hammer Housing?
Orange County Register, Sept. 10, 2020–Jonathan LansnerThe price of lumber, a key home construction material, has tripled off its mid-lockdown lows. The surge could raise construction costs by $16,000 a …
No “Rout” About It: Real Estate Tech Stocks Rebound
The Real Deal, Sept. 10, 2020–E.B. SolomontReal estate tech stocks rallied Wednesday after a three-day tech rout roiled the market. Zillow, CoStar and Redfin posted gains after Nasdaq’s 10% drop …
Marriott to Lay Off 17% of Corporate Staff Next Month
Washington Post, Sept. 10, 2020–Dee-Ann DurbinMarriott International plans to lay off 17% of its corporate workforce next month as the coronavirus continues to take a heavy toll on the hotel …