HousingWire, Dec. 21, 2020–Alex RohaMarina Walsh, Mortgage Bankers Association Vice President of industry Analysis, said not to focus on the population that continued to pay while in forbearance but on …
Category: Top National News
The Continuing Saga of Fannie and Freddie
Wall Street Journal, Dec. 20, 2020–Robert Broeksmit, CMBIn a letter to the editor, MBA President & CEO says while MBA does not support an endless conservatorship for Fannie Mae and …
Olive Garden, Other Chains Suffer New Losses During Latest Covid-19 Surge
Wall Street Journal, Dec. 18, 2020–Heather Haddon (subscription)Restaurant chains are showing signs of fresh stress this week as the latest coronavirus surge fuels new sales losses.https://www.wsj.com/articles/olive-garden-other-chains-suffer-new-losses-during-latest-covid-19-surge-11608312867?mod=hp_lista_pos4
Midtown Is Still Empty, and Landlords Are Sounding the Alarm
Bloomberg, Dec. 18, 2020–Devin LeonardDeveloper Aby Rosen would really like this whole work-from-home thing to be temporary. And by the way you should see what he’s done with the Chrysler …
New York’s Plummeting Real Estate Sales Cost City $1.2 Billion
Bloomberg, Dec. 17, 2020–Oshrat CarmielThe pandemic’s slowdown in real estate deals has cost New York City $1.2 billion in lost revenue so far this year.https://finance.yahoo.com/news/york-plummeting-real-estate-sales-184606317.html
The Next Coronavirus Front: Evictions and Foreclosures
HousingWire, Dec. 17, 2020–Jonathan T. ReckfordThe author says various forms of housing payment assistance have been included in COVID relief proposals, including some rental assistance in a recent bipartisan proposal, …
CRE Mortgage Delinquencies Are on the Rise
Connected Real Estate Magazine, Dec. 17, 2020–Joe DytonA number of commercial real estate sectors have had trouble paying their mortgage during the COVID-19 pandemic, but none more than the hotel …
Ginnie Mae Provides More Leeway for Libor-Indexed Reverse Mortgages
National Mortgage News, Dec. 16, 2020–Bonnie Sinnock (subscription)The deadline for inclusion in Ginnie mortgage-backed securities has been extended and an exception will be made for some participations.https://www.nationalmortgagenews.com/news/ginnie-mae-provides-more-leeway-for-libor-indexed-reverse-mortgages
Nearly 8 Million Americans Have Fallen into Poverty Since the Summer
Washington Post, Dec. 16, 2020–Heather LongThe U.S. poverty rate has surged over the past five months, with 7.8 million Americans falling into poverty, the latest indication of how deeply many …
The Nail in the Coffin for Ending GSE Conservatorship Under Trump?
HousingWire, Dec. 15, 2020–Kelsey RamírezIn a letter Monday to U.S. Treasury Secretary Steven Mnuchin, the Mortgage Bankers Association and other housing industry associations expressed their opposition to a swift end …