Politico, July 27, 2020–Marianne Levine, John Bresnahan, Sarah FerrisThe White House-backed Senate GOP proposal is expected to reduce boosted unemployment benefits from $600 to $200.https://www.politico.com/news/2020/07/27/senate-gop-coronavirus-relief-package-382502
Category: Top National News
Commercial Real Estate Investing In Challenging Times
Forbes, July 27, 2020–Ryan SwehlaOne area of the economy that is seen as especially vulnerable in the wake of pandemic-related upheaval is commercial real estate. In fact, even before Covid-19 …
2020 is the Summer of Booming Home Sales–and Evictions
Washington Post, July 27, 2020–Heather LongThe affluent are taking advantage of the cheapest mortgage rates in history to buy bigger homes. Meanwhile, renters face more job losses and fear eviction. …
How One Black Woman’s Purchase of a Home Boosted Her Family’s Finances for Generations
Washington Post, July 26, 2020–Michele LernerIn 1936 a widowed black woman bought a home and it changed her family’s financial worth for generations. Today homeownership rates of black people lag …
What Post-Pandemic Expansion May Look Like for Mortgage Lenders
National Mortgage News, July 24, 2020–Bonnie Sinnock (subscription)As home loans surge and lenders look to expand, they’re doing a cost-benefit analysis on the possibility of opening more commercial locations.https://www.nationalmortgagenews.com/news/what-post-pandemic-expansion-may-look-like-for-mortgage-lenders
CFPB to Propose Rules for How Companies Access Customer Data
American Banker, July 24, 2020–Kate Berry (subscription)The Consumer Financial Protection Bureau plans to propose clearer standards on how fintech firms access consumers’ financial account information, the agency said Friday.https://www.americanbanker.com/news/cfpb-to-propose-rules-for-how-companies-access-customer-data
Nearly 1 in 3 Homeowners with a Mortgage Could Save $300 a Month Because of Low Rates
Yahoo! Money, July 24, 2020–Dhara Singh“Lenders are navigating a housing market, facing ongoing uncertainty due to the COVID-19 pandemic’s impact on the broader economy,” said Joel Kan, associate vice president …
Wave of Evictions Could Be Coming for Nation’s Renters
The Hill, July 24, 2020–Niv Elis, J. Edward Moreno The federal moratorium on evictions signed into law in March as part of the CARES Act is set to expire Friday …
Owner of Ann Taylor and Lane Bryant Files for Bankruptcy
New York Times, July 23, 2020–Gillian Friedman Sapna MaheshwariAscena Retail is the latest retailer to fall during the pandemic. The disappearance of 1,600 of its 2,800 stores is a fresh …
More Wells Fargo Customers Say the Bank Decided to Pause Their Mortgage Payments Without Asking
NBC News, July 22, 2020–Gretchen MorgensonBorrowers in at least 14 states have told courts, lawyers or NBC News that they have been forced into forbearance plans by Wells Fargo: Alabama, …