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Property News for 25 March 2020
There's a mortgage REIT meltdown--Here's what's happening
CNBC - 25 Mar 2020 20:04
CNBC's Kelly Evans talks with Dom Chu and Diana Olick about the mortgage REIT meltdown as mortgage servicers face severe liquidity risk.
Real estate investor Tom Barrack: Commercial mortgages could be on brink of collapse
CNBC - 25 Mar 2020 16:37
Lawmakers are working to reach an agreement on a massive stimulus package to combat the economic impact of coronavirus. Real estate investor Tom Barrack, Colony Capital chairman and CEO, is warning commercial mortgages a...
Weekly mortgage applications tank 29% as coronavirus sidelines homebuyers
CNBC - 25 Mar 2020 13:55
A hike in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market.
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