American Banker, Feb. 12, 2020–Neil Haggerty (subscription)A study by the House Financial Services Committee on the industry’s efforts to hire and promote more women and minorities has sparked a dispute …
Category: Top National News
Bezos Buys Warner Estate in Beverly Hills for Record $165 Million
Reuters, Feb. 12, 2020–Steve GormanThe sale price is believed to be the highest in a Los Angeles-area residential real estate transaction, surpassing the previous record of $150 million reportedly spent …
NMI’s Insurance-in-Force Grows Along with Black Box Pricing
National Mortgage News, Feb. 12, 2020–Brad FInkelstein (subscription)NMI Holdings saw its insurance-in-force grow 38% over the past year as 90% of its clients used its black box pricing module during …
Student Debt Forgiveness in U.S. to Total $207 Billion in Next Decade, CBO Says
Wall Street Journal, Feb. 12, 2020–Josh Mitchell (subscription)The U.S. government will forgive $207.4 billion in student debt for Americans who take out loans over the next decade, the Congressional Budget …
Fitch Raises Red Flags About CFPB Plan to Eliminate DTI Requirements from QM Lending Rules
HousingWire, Feb. 12, 2020–Ben LaneSome of the nation’s largest mortgage lenders and housing trade groups [including the Mortgage Bankers Association] may support the Consumer Financial Protection Bureau’s plan to eliminate …
As Congress Prepares to Vet Judy Shelton, Worries About the Fed’s Future Mount
New York Times, Feb. 12, 2020–Jeanna SmialekSenators will vet Judy Shelton, a prominent Federal Reserve critic, for one of the central bank’s top jobs on Thursday, a moment that many …
PNC Ordered to Pay Ex-Employee $2.4M in Sexual Harrassment Case
American Banker, Feb. 12, 2020–Jon Prior (subscription)https://www.americanbanker.com/news/pnc-ordered-to-pay-ex-employee-2-4m-in-sexual-harassment-case
Powell Says Low Inflation Creates New Challenges for Fed
Wall Street Journal, Feb. 12, 2020–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell told lawmakers Wednesday the central bank wanted to update its policy-setting manual to address an economic environment in …
Homebuying Season Definitely Started Early this Year
HousingWire, Feb. 12, 2020–Alcynna LloydTypically, spring homebuying season starts in earnest as the calendar ticks toward March, but homebuyers are seemingly getting an earlier start this year, perhaps driven into …
Citigroup’s New Place to Sell Its Mortgage Loans: Muni Market
Bloomberg, Feb. 12, 2020–Martin Z. BraunStarting last year, Citigroup, the biggest U.S. affordable housing lender, has underwritten four tax-exempt bond issues for state and local government agencies that used $1.4 …