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…

‘It’s going to be ugly,’ analyst says as mortgage rates suddenly spike on shocking jobs report

What’s good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in the bond market, pushing bond yields to the highest level since March. Mortgage rates … 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…