American Banker, Feb. 25, 2020–Neil Haggerty (subscription)Deputy Director Brian Johnson spent more than two years serving under two separate CFPB directors. He will become a partner at Alston & Bird …
Category: Top National News
FHA Seeks Fast Action on Foreclosure-Sale Proposal
National Mortgage News, Feb. 25, 2020–Bonnie Sinnock (subscription)HUD asked mortgage servicers and other stakeholders to respond quickly to a proposed set of foreclosure-sale policy improvements so it can finalize them …
Part One: Is Customer-for-Life an Impossible Dream?
National Mortgage Professional, Feb. 25, 2020–Rick GrantThere are so many reasons the mortgage industry needs to find a way to build loyalty among home loan borrowers. It’s not just that …
The 10-Year Treasury Yield Sets a New All-Time Low–Here’s Why
MarketWatch, Feb 25, 2020–Sunny OhA day after U.S. stock benchmarks recorded their biggest one-day selloff in two years, investors are taking shelter in the deepest, most liquid haven asset in …
New Jersey Has Highest Property Taxes in U.S.; Hawaii Has Lowest
Barrons, Feb. 25, 2020–Liz Lucking New Jersey is the most costly state in the U.S. for property taxes, WalletHub reported. Hawaii had the lowest real estate tax load, with an …
FHA Announces Changes to CWCOT Program
HousingWire, Feb. 25, 2020–Sarah WheelerFor government agencies, the road to a streamlined process is a hard slog through outdated technology, requiring battles with regulators and legislators. But that doesn’t stop …
CFPB’s Kraninger Says QM Proposal, Remittance Rule Will be Out by May
National Mortgage News, Feb. 25, 2020–Neil HaggertyThe CFPB’s director said both steps will come as part of an ongoing review of agency rules and show her “commitment under the law …
Equifax Launches Mortgage-Servicing Product Bundle
Mortgage Professional America, Feb. 25, 2020–Candyd Mendoza Equifax launched a package of mortgage-servicing products designed to support financial institutions throughout the loan-servicing life cycle.https://www.mpamag.com/news/equifax-launches-mortgageservicing-product-bundle-214763.aspx
California Lawmakers Want to Limit Development Fees on New Homes to Combat Housing Crisis
KABC-TV, Los Angeles–Feb. 25, 2020In an effort to combat the affordable housing crisis, state lawmakers announced a package of bills to limit development fees that can add thousands of dollars …
Venture Firm’s New Fund Helps E-Commerce Retailers Go Offline
Wall Street Journal, Feb. 25, 2020–Keiko Morris A real estate-focused venture capital firm closed a $100 million fund to invest in companies born online that are looking to join the …