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 …
Category: Top National News
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 …
Wells Fargo Sold Assets to Stay Under Fed Asset Cap as Markets Lurched
Wall Street Journal, July 31, 2020–Julie Steinberg, Ben Eisen (subscription)Wells Fargo & Co. unloaded hundreds of millions of dollars of assets during this spring’s market collapse to stay out of …
Fannie, Freddie to Face Bank-Like Liquidity Standards Starting Sept. 1
American Banker, July 31, 2020–Hannah Lang (subscription)The mortgage giants will have to meet benchmarks for covering cash flow needs during stressed periods.https://www.americanbanker.com/news/fannie-freddie-to-face-bank-like-liquidity-standards-starting-sept-1
Sens. Warren, Schatz Press Wells Fargo on Forbearance Practices
National Mortgage News, July 30, 2020–Neil Haggerty (subscription)Two Senate Democrats are seeking details from Wells Fargo about news reports that the bank has been placing borrowers into mortgage forbearance programs …