Wall Street Journal, Aug. 4, 2020–Konrad Putzier, Mark MaurerUrban office markets and other commercial real estate in major cities are experiencing their worst stretch in decades, upended by the pandemic, …
Category: Top National News
The Number of Americans Skipping Mortgage Payments is Falling — Except Among These Borrowers
MarketWatch, Aug. 5, 2020–Jacob PassyFor nearly two months now, the share of mortgage borrowers who has received approval to skip their monthly loan payments has fallen precipitously. But a new …
Self-Employed Borrowers Now Face More Mortgage Scrutiny
Forbes, Aug. 6, 2020–Mark HenricksConIt’s always been a little tougher for self-employed borrowers to get home loans than it is for regular W-2 employees. Now mortgage lenders are hiking income …
Amazon and Mall Operator Look at Turning Sears, J.C. Penney Stores Into Fulfillment Centers
Wall Street Journal, Aug. 9, 2020–Esther Fung, Sebastian Herrera (subscription)Simon Property Group Inc., the largest mall owner in the U.S., has been in talks with Amazon.com Inc., the company many …
Taking Back Financing? Here’s How
UExpress, Aug. 7, 2020–Lew SichelmanInvestors in private mortgages are licking their chops over what some see as a pending tidal wave of note sales in the coming months.https://www.uexpress.com/housing-scene/2020/8/7/taking-back-financing-heres-how
Millennials Slammed by Second Financial Crisis Fall Even Further Behind
Wall Street Journal, Aug. 9, 2020–Janet Adamy (subscription)The economic fallout of the Covid pandemic has been harder on millennials, who are already indebted and a step behind on the career …
CRE Investors Still Taking a Wait-and-See Approach
Mortgage Professional America, Aug. 10, 2020–Kasi JohnstonSecond quarter transaction volumes for commercial property remain severely depressed and changes in pricing are moving slower than expected, according to new data by …
Black Knight Posts Higher 2Q Earnings but Servicing Revenue Drops
National Mortgage News, Aug. 10, 2020–Brad Finkelstein (subscription)Black Knight’s second quarter net earnings increased 20% on a year-over-year basis, but the negative impact of its investment in Dun & Bradstreet …
One-Third of U.S. Restaurants Face Permanent Closure This Year
Bloomberg, July 31, 2020–Anita Sharpe, Nic QueroloA new forecast projects that one in three U.S. restaurants may close permanently this year, showing how the Covid-19 pandemic is decimating an industry …
COVID-19 Shows Minimal Effect On Rents, Vacancies
National Mortgage Professional, July 31, 2020–Keith GriffinRents will drop and vacancies will increase due to the economic effects of the COVID-19 pandemic. Neither change, though, will be significant according to …