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Mortgage News Daily

Commercial mortgage debt increases in 2Q, despite lockdown slowdown

Outstanding mortgage debt in the commercial and multifamily sector grew 1.2% during the second quarter, as lenders had varying responses to the coronavirus, both by lender type and property sector, the Mortgage Bankers Association said. “Despite a drop off in new commercial and multifamily mortgage originations in the second quarter, the total amount of mortgage …

Mortgage News Daily

U.K. house prices drop most since financial crisis in lockdown

Residential property prices in the U.K. fell by the most since the global financial crisis from April through June, according to mortgage provider Halifax. Values declined 0.9% compared with the first three months of the year as the country locked down due to the coronavirus pandemic. However, on a yearly basis, prices rose across Wales …

Mortgage News Daily

Financial services industry struggles to emerge from lockdown

Almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees. Moreover, fully half report reluctance from their employees to return to work. The …