Latinx, Asian and black workers are disproportionately represented in the food, arts and service industries that have been affected by mass layoffs and furloughs, said Zillow, Seattle.

Redfin, Seattle, said home-buying demand shook off more than five million new claims for unemployment assistance and continued to strengthen last week.

In final installment of this series, the fall from business-as-usual likely met no one’s crisis modeling, strategy approaches or even risk mitigation scenarios. Yet, post-crisis analysis aside, how bankers and their brand names prepare for the “next normal” in an age of chaos and political fallout will likely define their survival against new competitors rushing into fill market voids.

As a compliance officer, I have always recognized that change is constant, and I accept that fact sometimes grudgingly. While regulatory change generally has ample implementation or lead time, March 2020 has brought a different kind of change; one that is significant, sudden and jarring. These days you can’t just ask who moved your cheese—assuming you could find cheese in the grocery store, that is—you must quickly and effectively adapt to an entirely new normal.

As the real estate industry eyes its way forward through a new era of social isolation, one of the most pressing challenges has become how to close loans safely. To be sure, the traditional loan closing has gone from a celebratory event that takes place in person between title agents, notaries and borrowers to a legitimate health hazard.

Northmarq arranged sale and financing for a 1,656-unit multifamily portfolio in Texas and $47.8 million for properties in North Carolina and Washington.

MBA continues to advocate for the industry to help MBA members address the financing needs of their customers during the ongoing pandemic and will provide updates as they become available. Several updates concerning COVID-19, along with other industry activities, are included in this week’s communication.

The MBA Opens Doors Foundation announced it has helped more than 5,000 families with mortgage and rental assistance since launch of its Home Grant Program in 2012.