Home lending in the time of corona: “Underwriting is really difficult right now”

From left: Ace Watanasuparp, SVP National Director of Strategic Sales, Citizens Bank; Alan Rosenbaum, CEO/Founder, GuardHill Financial Corp; Mark Favaloro, President, New York Association of Mortgage Brokers
From left: Ace Watanasuparp, SVP National Director of Strategic Sales, Citizens Bank; Alan Rosenbaum, CEO/Founder, GuardHill Financial Corp; Mark Favaloro, President, New York Association of Mortgage Brokers
Home lending in the time of corona: “Underwriting is really difficult right now”

More major retailers furlough employees, withhold rent

Urban Outfitters CEO Richard A. Hayne and Ralph Lauren store CEO Patrice Louvet (Credit: Getty Images)
More major retailers furlough employees, withhold rent

Airbnb announces relief package. Some hosts say it’s not enough

Airbnb announces relief package. Some hosts say it’s not enough
Airbnb announces relief package. Some hosts say it’s not enough

Stimulus gives brokers lifeline, but may not be enough for deluge of unemployed

Real estate brokers are getting a lifeline from the federal government’s massive stimulus plan (Credit: Pixabay)
Stimulus gives brokers lifeline, but may not be enough for deluge of unemployed

US will see $20B in retail loans come due starting this week

Almost 50,000 retail stores have closed across the country, and the restaurant industry has lost $25 billion in sales since March 1, (Credit: Getty Images)
US will see $20B in retail loans come due starting this week

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Urban Outfitters CEO Richard A. Hayne and Ralph Lauren store CEO Patrice Louvet (Credit: Getty Images)

More major retailers furlough employees, withhold rent

The retail bloodbath continued Tuesday as more major chain retailers said they would furlough employees, suspend rent and institute...

More major retailers furlough employees, withhold rent
From left: Ace Watanasuparp, SVP National Director of Strategic Sales, Citizens Bank; Alan Rosenbaum, CEO/Founder, GuardHill Financial Corp; Mark Favaloro, President, New York Association of Mortgage Brokers

Home lending in the time of corona: “Underwriting is really difficult right now”

How do you underwrite a home mortgage when the economy is in flux and everyone is forced to stay...

Home lending in the time of corona: “Underwriting is really difficult right now”
Simon Property Group CEO David Simon David Simon (Credit: Mireya Acierto/Getty Images, iStock)

Retail rout continues as Simon furloughs a third of employees

 Simon Property Group, the nation’s largest mall owner, is furloughing 30 percent of its workforce, the latest in a...

Retail rout continues as Simon furloughs a third of employees
Airbnb announces relief package. Some hosts say it’s not enough

Airbnb announces relief package. Some hosts say it’s not enough

Once again, Airbnb is in damage control. After facing backlash from hosts for changing its cancellation policy in response...

Airbnb announces relief package. Some hosts say it’s not enough
Ginnie Mae principal executive vice president Seth Appleton (Credit: Wikipedia Commons; MHS)

Ginnie Mae to use natural disaster program to help struggling mortgage servicers

Nonbank mortgage lenders, who are bracing for a massive cash crunch as borrowers across the country seek loan forbearance...

Ginnie Mae to use natural disaster program to help struggling mortgage servicers
Real estate brokers are getting a lifeline from the federal government’s massive stimulus plan (Credit: Pixabay)

Stimulus gives brokers lifeline, but may not be enough for deluge of unemployed

Real estate brokers are generally in the eat-what-you-kill business, working as independent contractors whose main source of income is...

Stimulus gives brokers lifeline, but may not be enough for deluge of unemployed
Christopher C. Krebs, director of the Homeland Security Department's Cybersecurity and Infrastructure Security Agency (Credit: Krebs by Tasos Katopodis/Getty Images; chart by CISA)

Homeland Security says real estate is “essential business”

As the real estate industry remains split on whether the services it provides are “essential” during a pandemic, one...

Homeland Security says real estate is “essential business”
Jeff Bezos pulls out of $90M deal for Beverly Crest’s “Enchanted Hill” property

Jeff Bezos pulls out of $90M deal for Beverly Crest’s “Enchanted Hill” property

In this time of crisis and economic turmoil, even the world’s richest man seems to be cutting back on...

Jeff Bezos pulls out of $90M deal for Beverly Crest’s “Enchanted Hill” property
(Credit: iStock)

“Kicking the can down the road”: Real estate industry says $2T relief plan doesn’t do enough

For much of the real estate industry, the $2 trillion stimulus package President Trump signed into law to bolster the economy doesn’t do enough....

“Kicking the can down the road”: Real estate industry says $2T relief plan doesn’t do enough


Inside The Tri-State issue

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A divided suburbia: Race, class, and the endless struggle for affordable housing

A divided suburbia: Race, class, and the endless struggle for affordable housing

Airbnb's toughest battles with towns in the tri-state region

Airbnb's toughest battles with towns in the tri-state region

Watch your language: Words brokers shouldn't be using in 2020

Watch your language: Words brokers shouldn't be using in 2020

Westchester’s top brokerages and brokers

Westchester’s top brokerages and brokers

The Brady hunch: Is THIS the house Tom Brady (maybe) bought in Greenwich?

The Brady hunch: Is THIS the house Tom Brady (maybe) bought in Greenwich?

Bae of light: One LI broker's quest to educate the public on selling solar homes

Bae of light: One LI broker's quest to educate the public on selling solar homes

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EB-5 is back in the doghouse

EB-5 is back in the doghouse

EB-5 was left out of Congress’ $2 trillion federal stimulus package bill, crushing developers’ hopes of getting cheap financing as real estate deals come to a halt. The federal program that allows foreign investors...

EB-5 is back in the doghouse
San Francisco’s Oceanwide Center has a new buyer

San Francisco’s Oceanwide Center has a new buyer

China Oceanwide’s deal to sell its flagship San Francisco development for $1 billion has fallen through following coronavirus-related delays....

San Francisco’s Oceanwide Center has a new buyer
Macy’s in Herald Square and CEO Jeff Gennette (Credit: Google Maps, D Dipasupil/FilmMagic)

Macy’s announces furloughs for “majority” of its workers

Macy’s Inc. will be furloughing most of its employees, starting this week, as Covid-19 continues to batter businesses large...

Macy’s announces furloughs for “majority” of its workers
Almost 50,000 retail stores have closed across the country, and the restaurant industry has lost $25 billion in sales since March 1, (Credit: Getty Images)

US will see $20B in retail loans come due starting this week

April 1 is looming large for businesses and individuals across the country, as it marks the first major due...

US will see $20B in retail loans come due starting this week
Durable Capital's Henry Ellenbogen and Redfin CEO Glenn Kelman (Credit: Ellenbogen by Paul Morigi/Getty Images for The Phillips Collection; Redfin)

Redfin sells $110M stake to VC firm

Redfin just got a $110 million shot in the arm from an influential backer, as the discount brokerage looks to ride out economic turmoil caused by coronavirus. The Seattle-based brokerage said Monday that Durable...

Redfin sells $110M stake to VC firm
WeWork chairman Marcelo Claure (Photo by Chip Somodevilla/Getty Images)

WeWork lays off 250 more employees, but Covid-19 isn’t reason

WeWork laid off 250 more people on Thursday, but the decision was not made because of the coronavirus. The...

WeWork lays off 250 more employees, but Covid-19 isn’t reason
Airbnb CEO Brian Chesky (Photo by Bryan Bedder/Getty Images for Airbnb)

Airbnb suspends marketing, cuts executive pay in half

Airbnb has suspended all of its marketing in an attempt to save $800 million this year. Its founders will...

Airbnb suspends marketing, cuts executive pay in half
New Yorkers are booking vacation rentals outside the city (Credit: iStock)

New Yorkers ship upstate and to the Hamptons to wait out coronavirus

It’s no secret to New Yorkers hunkering down in the city: many of their neighbors are missing. New Yorkers...

New Yorkers ship upstate and to the Hamptons to wait out coronavirus
Washington State Governor Jay Inslee (Credit: John Moore/Getty Images)

The end of Seattle’s construction boom

Washington Gov. Jay Inslee has put a halt to nearly all construction in his state to help stop the spread of coronavirus. Construction will stop at commercial and residential sites for two weeks as...

The end of Seattle’s construction boom
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