Loans in coronavirus mortgage bailouts see largest weekly decline yet — but there are more red flags

The number of borrowers in government and private sector coronavirus-related mortgage bailouts just fell by the largest weekly volume since these plans were put in place. There are, however, warning signs that the programs could swell again. Real Estate BEST … Read more…

Major real estate firms step up to save Black and Hispanic internships that coronavirus wiped out

For the past few weeks, Cedric Bobo, a former investment executive with the Carlyle Group, has spent the better part of his days on video calls, welcoming mostly Black and Hispanic students to paid summer internship programs. Real Estate BEST … Read more…

Outlook for the Australian economy is constructive as relief measures drive recovery: Stockland CEO

The Australian government’s coronavirus relief measures have been successful in stimulating housing demand in the country, says Mark Steinert, CEO of Stockland. He says that taking into account other targeted stimulus measures and the accelerated pace of reopening, his “overarching … Read more…

Consumer advocate Richard Cordray fears rise of ‘vehement’ debt collectors amid pandemic

The CARES Act provides relief measures for cash-strapped borrowers, including breaks on mortgages and student loan payments. But it will take firm federal oversight to ensure consumers benefit, said consumer advocate Richard Cordray, former director of the CFPB. Real Estate … Read more…

WeWork’s Adam Neumann once said he had a ‘beautiful relationship’ with SoftBank’s Masa Son; now he calls out ‘abuse of power’ in lawsuit filing

In the lawsuit, Neumann accuses Softbank of backing out of a key provision of its nearly $ 10 billion bailout agreed to in October. Neumann was the biggest beneficiary of the deal that would have seen him cash out $ … Read more…

Coronavirus will shrink US home prices by 2-3% nationally, Zillow forecasts, but deeper dive could be in store

Home prices have only fallen nationally once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession. Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted to fall … Read more…