New York Times, June 18, 2020–Mary Williams WalshAnalysts foresee so many filings in the coming months that the courts could struggle to salvage the businesses that are worth saving.https://www.nytimes.com/2020/06/18/business/corporate-bankruptcy-coronavirus.html?campaign_id=2&emc=edit_th_20200619&instance_id=19488&nl=todaysheadlines®i_id=42063674&segment_id=31311&user_id=e670283fb4fff3d4391d6f88569ad498
Category: Top National News
How Has the Pandemic Affected Rent and Mortgage Payments?
New York Times, June 18, 2020–Michael KolomatskyResearch shows that the health crisis has forced more renters and homeowners to make late monthly payments, if they can pay at all.https://www.nytimes.com/2020/06/18/realestate/missed-rent-and-mortgage-payments-coronavirus.html
How to Boost Black Homeownership Rates
Orange County Register, May 18, 2020–Jeff LazersonZero-down mortgages, loan guarantees and approvals based on disposable cash could help African Americans build wealth. (MBA mention)https://www.ocregister.com/2020/06/18/how-to-boost-black-homeownership-rates/
CFPB’s Independence is on Trial. Other Regulators are Watching
American Banker, June 17, 2020–John Heltman (subscription)The Supreme Court is poised to decide the fate of the Consumer Financial Protection Bureau’s leadership structure, but the implications could reach far beyond …
As New York Reopens, Many of Its Hotel Rooms Look Closed for Good
Wall Street Journal, June 16, 2020–Peter Grant (subscription)The pandemic that hit New York’s hotel industry harder than any other U.S. lodging market is expected to leave thousands of rooms there …
Americans Skip Millions of Loan Payments as Coronavirus Takes Economic Toll
Wall Street Journal, June 18, 2020–AnnaMaria Andriotis (subscription)Americans have skipped payments on more than 100 million student loans, auto loans and other forms of debt since the coronavirus hit the …
Mortgage Performance Steady in Q1
MReport, June 17, 2020–Mike AlbaneseThe Office of the Comptroller of the Currency’s Mortgage Metrics Report for Q1 2020 found 96.5% of mortgages were current and performing at the end of …
Rate of Decline in Home Maintenance Activity Eases Slightly in May
HousingWire, June 17, 2020–Alex RohaMay housing activity declined year over year “across the board” according to a report by Buildfax, a property condition data service provider. However, the report states …
More Than Half Of Home Sellers Willing To Accept A Lower Offer Price Amid COVID-19
National Mortgage Professional, June 17, 2020–Navi PersaudNearly 70% of home sellers are willing to accept a lower purchase price just to reach the closing point, according to a new LendingTree …
Mall of America Said to Miss Another Payment on Mortgage Debt
Bloomberg, June 16, 2020–John GittelsohnMinnesota’s Mall of America missed another payment on a $1.4 billion mortgage, putting the borrower more than 60 days delinquent, sources said.https://www.bloomberg.com/news/articles/2020-06-16/mall-of-america-said-to-miss-another-payment-on-mortgage-debt