National Mortgage News, Apr. 22, 2020–Bonnie Sinnock (subscription)The Federal Housing Finance Agency has promised to take care of advances on principal and interest payments for coronavirus forbearances after four months, …
Category: Top National News
McConnell Says He Favors Allowing States to Declare Bankruptcy
Bloomberg, Apr. 22, 2020–Steven T. Dennis, William SelwaySenate Majority Leader Mitch McConnell, R-Ky., said Wednesday he favors allowing states struggling with high public employee pension costs amid the burdens of …
Mnuchin Says ‘We Need to Spend What It Takes’ to Overcome Coronavirus Crisis
Wall Street Journal, Apr. 22, 2020–Richard Rubin (subscription)Treasury Secretary Steven Mnuchin said he is sensitive to concerns about rising federal debt but emphasized that low interest rates and the urgency …
As CMBS Relief Inquiries Jump, How Much Forbearance Is Enough?
Commercial Property Executive, April 21, 2020–Scott Baltic, Paul FiorillaInquiries from CMBS borrowers about coronavirus-related relief have topped $100 billion, raising doubts about the current 90-day forbearance period.https://www.cpexecutive.com/post/as-cmbs-relief-inquiries-jump-how-much-forbearance-is-enough/
The Death of the Department Store: ‘Very Few Are Likely to Survive’
New York Times, Apr. 21, 2020–Sapna Maheshwari, Vanessa FriedmanAmerican department stores, once all-powerful shopping meccas that anchored malls and Main Streets across the country, have been dealt blow after blow …
As CMBS Relief Inquiries Jump, How Much Forbearance Is Enough?
Commercial Property Executive, April 21, 2020–Scott Baltic, Paul FiorillaInquiries from CMBS borrowers about coronavirus-related relief have topped $100 billion, raising doubts about the current 90-day forbearance period.https://www.cpexecutive.com/post/as-cmbs-relief-inquiries-jump-how-much-forbearance-is-enough/
White House Readies Push to Slash Regulations as Major Part of Its Coronavirus Economic Recovery
Washington Post, Apr. 21, 2020–Jeff Stein, Robert CostaSenior White House and Trump administration officials are planning to launch a sweeping effort in the coming days to repeal or suspend federal …
As Mortgage Bailout Balloons Amid Coronavirus Outbreak, Servicers Finally Get Some Relief
CNBC, Apr. 21, 2020–Diana OlickThe mortgage industry has been fighting hard for relief, led by the Mortgage Bankers Association. While they still want a larger liquidity facility from the Federal …
Excluded From Bailouts, Mortgage Servicers Face Cash Crunch
New York Times, Apr. 20, 2020–Alan Rappeport, Matthew Goldstein, Jeanna SmialekThe Mortgage Bankers Association has been lobbying for a lending facility. “What we really want is a statement from the …
Fannie, Freddie May Soon Buy Home Loans in Forbearance to Help Mortgage Firms
Wall Street Journal, Apr. 20, 2020–Andrew Ackerman (subscription)The Federal Housing Finance Agency is weighing whether to allow Fannie Mae and Freddie Mac, the government-controlled mortgage-finance giants, to buy home loans …