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 …
Category: Top National News
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 …
Fair Housing Groups Slam Newly Finalized Disparate Impact Rule Change
Mortgage Professional America, Sept. 28, 2020–Ryan SmithHUD’s final rule changing its implementation of the Fair Housing Act’s disparate impact standard took effect Thursday, and the agency immediately faced calls to …
Personalized Refi Analysis Outperforms Unsolicited Pitches: Survey
National Mortgage News, Sept. 28, 2020–Paul Centopani (subscription)For the majority of borrowers, interest rate research for mortgage refinancing came with unwanted and annoying sales calls, which could ultimately hinder potential …
Household Wealth Broadly Rose in Years Leading Up to Pandemic, Fed Report Concludes
Wall Street Journal, Sept. 28, 2020–Harriet Torry (subscription)U.S. families’ wealth broadly rose in the years headed into the coronavirus pandemic, with those in lower-income and lower-wealth categories reaping relatively large …
Oversight Council Warns of Systemic Threat from Fannie, Freddie
National Mortgage News, Sept. 25, 2020–Hannah Lang (subscription)The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short …