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Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
New Jersey Gov. Phil Murphy announces a 90-day grace period on mortgage payments
Homeowners in the Garden State are getting a 90-day grace period on mortgages, according to Gov. Phil Murphy. In that time, late fees and other expenses will be waived, as well. Read Article
'Listing Impossible' star Aaron Kirman says coronavirus could devastate the real estate market
Real estate is the latest sector to fall victim to the coronavirus pandemic, leaving Realtors scrambling to cancel open houses. People looking to buy or sell a home will face uncertainty and long waits. Read Article
WeWork reassures investors it has enough cash to weather coronavirus downturn
In a global downturn, WeWork's business model of renting short-term office space, while holding longer-term leases, is particularly vulnerable. Read Article
There's a mortgage REIT meltdown—Here's what's happening
CNBC's Kelly Evans talks with Dom Chu and Diana Olick about the mortgage REIT meltdown as mortgage servicers face severe liquidity risk. Read Article
Real estate investor Tom Barrack: Commercial mortgages could be on brink of collapse
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 are on the brink of collapse and that we are seeing the beginning of "a second crisis that will occur in the financial markets" if immediate action is not taken by Congress. He joins "Squawk Box" to discuss. Read Article
Mortgages applications drop 29% for week amid coronavirus crisis
CNBC's Diana Olick reports on the latest weekly mortgage applications data. Read Article
Weekly mortgage applications tank 29% as coronavirus sidelines homebuyers
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. Read Article
Read the memo WeWork sent to employees offering them $100 a day to come in during coronavirus lockdowns
The bonus is being offered to members of WeWork's community teams, who provide services to members. Read Article
Behind the bipartisan push for nationwide remote online notarization
Currently, there are nearly 2,100 counties that provide some electronic access to their property records, but that's means about a third of the jurisdictions in the country still don't have the ability to accept digital documents. Sen. Kevin Cramer (R-ND) and Sen.Mark Warner (D-VA) introduced Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 (SECURE Notarization Act). CNBC's Diana Olick reports. Read Article
Mortgage closings at risk as coronavirus shutters title and recording offices
Only weeks ago, borrowers were rushing to take advantage of record-low mortgage rates. Refinance applications soared over 400% annually, and homebuyers were out early and in force. Now, some of those loans are stuck in limbo. Read Article