American Banker, Aug. 31, 2020–Kate Berry (subscription)The California plan to create a new, tougher state regulatory agency is at the finish line after lawmakers agreed to key exemptions for banks …
Category: Top National News
As Eviction Moratoriums End, What Will Happen in Pennsylvania, Nevada, Florida and California?
HousingWire, Aug. 31, 2020–Julia FalconStates and localities are deciding if and when to end or extend eviction moratoriums. [On Monday], eviction moratoriums [expired] in Atlanta and Pennsylvania. On Tuesday, they …
Retail Eviction Proceedings Pick Up as Economy Restarts
Wall Street Journal, Sept. 1, 2020–Esther Fung (subscription)Proceedings for the eviction of retail tenants are picking up across the country as courts reopen and states’ moratoriums on evictions are expiring …
Why the Coming Foreclosure Crisis Will Look Nothing Like the Last One
Bankrate.com, Sept. 1, 2020–Jeff OstrowskiAt first glance, projections look bad. On closer inspection, however, this round of foreclosures should be mild in comparison to the financial carnage of 2008 to …
J.C. Penney Sale Talks Stall, Pushing Retailer to Brink
Reuters, Aug. 31, 2020–Mike SpectorJ.C. Penney Co. Inc.’s talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless …
New Yorkers Flee for Florida and Texas as Mobility Surges
Bloomberg, Aug. 31, 2020–Steve Matthews, Alexandre TanziAmerica’s real-estate meccas aren’t what they used to be as Covid-19 revives U.S. mobility. Far more people moved to Vermont, Idaho, Oregon and South …
Waters to FHFA: Postponing New Refi Fee Won’t Cut It
Mortgage Professional America, Aug. 31, 2020–Ryan SmithRep. Maxine Waters (D-Calif.), chair of the House Financial Services Committee, who together with Rep. William Lacy Clay (D-Mo.) had earlier spoken blisteringly of …
Hurricane Laura Wallops Areas with High Mortgage Delinquency Rates
HousingWire, Aug. 31, 2020–James KleimannInsurers will have to fork over billions of dollars to pay for damage that property owners incurred from Hurricane Laura last week.https://www.housingwire.com/articles/hurricane-laura-wallops-areas-with-high-mortgage-delinquency-rates/
CoreLogic’s Hostile Bidders Claim Company is Muddying Voting Process
National Mortgage News, Aug. 31, 2020–Brad Finkelstein (subscription)Cannae and Senator said they are looking to stop CoreLogic from unilaterally cancelling a vote on changing the members of its board.https://www.nationalmortgagenews.com/news/corelogics-hostile-bidders-claim-company-is-muddying-voting-process
Top Fed Official Says New Framework Provides More Humble Approach to Setting Rates
Wall Street Journal, Aug. 31, 2020–Nick Timiraos (subscription)Changes reflect reality that economic models ‘can be and have been wrong,’ says Vice Chairman Richard Clarida.https://www.wsj.com/articles/top-fed-official-says-new-framework-provides-more-humble-approach-to-setting-rates-11598879012?mod=hp_major_pos1#cxrecs_s