Urban Institute, Jan. 17, 2020–Laurie Goodman, Brett Theodos, Ellen SeidmanRegulators, the banking industry, and community advocates all agree that with well-conceived regulatory changes, the CRA could be more effective. https://www.urban.org/urban-wire/community-reinvestment-act-faces-major-changes-regulators-are-not-aligned
Category: Top National News
Q&A: Jamie Woodwell, Mortgage Bankers Association
Scotsman Guide, Jan. 17, 2020–Victor WhitmanJamie Woodwell, the Mortgage Bankers Association’s resident expert on commercial real estate, spoke about trends in 2019 and the outlook for 2020, including the amifications …
How the Government Distorts the Housing Market
GlobeSt.com, Jan. 17, 2020–Les ShaverIf you want to understand the ups and downs of housing over the past 20 years, it’s a good idea to start with government policy, says …
What’s Ahead for the U.S. Housing Market in 2020?
Knowledge@Wharton, Jan. 17, 2020In 2020, expectations are that the boom in refinancing will fade out and home sales will increase, but high construction costs will keep housing affordability at bay …
How To Dump an Unresponsive Agent
UExpress, Jan. 17, 2020–Lew SichelmanBeyond griping that their homes haven’t sold, unhappy owners complain largely about a lack of communication from their agents, according to most of the realty pros …
Bipartisan Scolding of FASB Chief Raises Lender Hopes of Softer CECL
American Banker, Jan. 16, 2020–John Reosti (subscription)The chairman of the Financial Accounting Standards Board received a chilly reception from a key House subcommittee, providing hope that lawmakers will eventually put …
Equifax to Pay $380.5M to Cover Claims from 2017 Breach
National Mortgage News, Jan. 16, 2020–Laura Alix (subscription)Equifax could pay more than $500 million to resolve a class action lawsuit resulting from the 2017 breach, which exposed personal information on …
New Home Purchase Mortgage Applications Up Nearly 40 Percent
National Mortgage Professional, Jan. 16, 2020–Phil HallMortgage applications for new home purchases recorded a 38.7 percent year-over-year spike in December, according to new data from the Mortgage Bankers Association. Compared …
Housing Supply Chartbook
Urban Institute, Jan. 16, 2020–Michael Neal, Laurie Goodman, Caitlin YoungThe authors note since 2009, housing demand has outstripped supply, quite significantly in some areas. This shortage has increased home prices …
Can These Mortgage Startups Change the World, or Will Zillow and Opendoor Take it All?
HousingWire, Jan. 16, 2020–Julian HebronVenture capital-backed home lending startups fill key first-time homebuyer, cash-out and investor niches. But will they really change the world, or just be niches? It’s a …