American Banker, June 22, 2020–Brendan Pedersen (subscription)The Office of the Comptroller of the Currency says it will give national banks a break by using pre-pandemic asset levels to calculate assessment …
Category: Top National News
Lawmakers Ask Fed to Help Businesses Struggling to Make Mortgage Payments
Wall Street Journal, June 23, 2020–Ben Eisen (subscription)More than 100 members of Congress are calling on the Trump administration and the Federal Reserve to help struggling businesses pause debt payments …
Inability to Pay Mortgage Among Top Consumer Complaints
DS News, June 22, 2020–Mike AlbaneseA report by NerdWallet found complaints to the Consumer Financial Protection Bureau were up 31% so far in 2020 compared to last year. The top …
Renters, Homeowners Face Forbearance Amid Pandemic (VIDEO)
CNN International, June 22, 2020MBA President & CEO Robert Broeksmit, CMB, discusses the mortgage industry’s efforts to assist homeownersduring the coronavirus pandemic.https://partner.criticalmention.com/app/#/clip/slim/64f2f812-5933-4304-8fae-b07b58ab3b3f?width=404&height=272
Mortgage Lending Will Surge to a 14-Year High, MBA Says
HousingWire, June 22, 2020–Kathleen HowleyCombined lending for home purchases and mortgage refinancings probably will total $2.65 trillion this year, the most since the $2.74 trillion seen 14 years ago, as …
Supreme Court Affirms SEC’s Ability to Recoup Profits from Fraud But Places Limits
Washington Post, June 22, 2020–Robert BarnesIn an 8-to-1 decision written by Justice Sonia Sotomayor, the court said the money must be for the benefit of investors and cannot exceed the …
Warren and Brown Urge Regulators to Undo Recent Capital Changes
American Banker, June 22, 2020–Neil Haggerty (subscription)Two Democratic senators are calling on regulators to reverse their recent decision to ease a key capital requirement for banks. Sens. Sherrod Brown of …
Supreme Court Ruling in CFPB Case Could Impact FHFA’s Plan to End Conservatorship
HousingWire, June 22, 2020–Kathleen HowleyThe Consumer Financial Protection Bureau is under the microscope as the Supreme Court prepares to issue a major ruling, expected this week, on whether the agency’s …
Lack of Inventory Poses Major Obstacle to Housing Market
National Mortgage News, June 22, 2020–Paul Centopani (subscription)While home-buying season was on hold due to the coronavirus, a dearth in supply could hamper any big rebound in sales. The Mortgage …
Summer Housing Market Picks Up as States Reopen
Bankrate.com, June 22, 2020–Natalie CampisiTThe momentum since late April, fueled by low interest rates, parted the clouds on the housing market and caused Joel Kan, associate vice president of economic …