GlobeSt.com, Oct. 1, 2020–Kelsi Maree BorlandData from the Mortgage Banker’s Association reveals that the level of commercial debt increased to $3.76 trillion at the end of the second quarter, and …
Category: Top National News
These Cities Are Most at Risk of Being in a Housing Bubble
Barrons (Wall Street Journal), Oct. 1, 2020–Shaina MishkinHome prices have been by and large resilient in the face of a historic pandemic—but some markets remain at risk of a housing …
Fitch: Mortgage Delinquencies Won’t Affect Property Tax Payments
Fitch Ratings, New York, does not expect fiscal 2021 property tax collections to be meaningfully affected by mortgage forbearance programs or delinquencies, but potential for timing delays is “elevated.”
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 …
Manhattan Offices Are Nearly Empty, Threatening New York City’s Recovery
Wall Street Journal, Sept. 29. 2020—Peter Grant, Emma Tucker (subscription)Manhattan office employees are returning to work at a much slower pace than those in most other major U.S. cities, raising …
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 …
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 …
Commercial/Multifamily Mortgage Delinquency Rates Affected by the Pandemic
Commercial Property Executive, Sept. 28, 2020–Jamie WoodwellTwo of the latest Mortgage Bankers Association reports released shed light on the various impacts the COVID-19 pandemic has had on different types of …
Mnuchin’s Oversight Panel Endorses Calabria’s GSE Plan
HousingWire, Sept. 28, 2020–Kathleen HowleyOn Friday, the Financial Stability Oversight Council, which is chaired by Treasury Secretary Steven Mnuchin, voted unanimously to endorse Calabria’s plan to recapitalize and release the …
Distressed U.S. Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Figures Show
PYMNTS.com, Sept. 28, 2020Many U.S. commercial properties have lost 25 percent or more of their value as the impact of the coronavirus has taken its toll on hotels, malls and …