Urban Institute, Dec. 27, 2018–Sheryl PardoKey issues being monitored by Urban Institute include affordable housing, government regulation under the Trump Administration, the new Congress and alternative credit scoring methodologies.
Category: Top National News
2019 Outlook
National Mortgage News, Dec. 28, 2018Reporters and analysts look at key issues shaping the real estate finance industry in 2019.
Equifax Is Back in Washington’s Crosshairs
Wall Street Journal, Jan. 1, 2019–Yuka Hayashi (subscription)The credit-reporting industry has largely escaped new oversight from Washington following the 2017 hack of Equifax Inc. that exposed the personal information of millions of Americans. That could change in 2019 when Democrats take over the House.
Wells Fargo Agrees to $575M Settlement With States
National Mortgage Professional, Dec. 31, 2018–Phil HallWells Fargo reached an agreement with the attorneys general of all 50 states and the District of Columbia to pay $575 million in settling charges of violating state consumer protection laws.
GSE Reform Returns to Capitol Hill
Scotsman Guide, Dec. 21, 2018–Victor WhitmanLobbyists for major housing and banking trade groups on Friday spoke in favor of a bipartisan House proposal that would wind down Fannie Mae and Freddie Mac and create a housing-finance system with multiple private guarantors and a greatly expanded role for Ginnie Mae. MBA President Robert Broeksmit called it “a strong step forward.”
The Top Mortgage Stories of 2018
National Mortgage News, Dec. 21, 2018–Austin Kilgore, Glenn McCullom (free article)As the mortgage industry confronts tight margins, shifting market share and regulatory uncertainty, a new leader, Bob Broeksmit, emerges at the Mortgage Bankers Association.
Renters Spent $504B on Housing in 2018
National Mortgage Professional, Dec. 21, 2018–Phil HallU.S. households spent a record amount on rent in 2018, according to a new data analysis from Zillow company HotPads.
CFPB Details What Mortgage Data Will be Public in 2019
American Banker, Dec. 21 2018–Rachel Witkowski (subscription)The Consumer Financial Protection Bureau issued guidance late Friday that will shield some mortgage data from the public that lenders are required to report.
Once Hot Housing Market Likely to Cool Further in 2019
Wall Street Journal, Dec. 23, 2018–Laura Kusisto (subscription)A long rally in the housing market stumbled in 2018 and looks poised to slow further, another headwind for a U.S. economic expansion already contending with choppy financial markets and global trade tensions.
CoreLogic Dropping Dorado to Concentrate on Appraisal Management
National Mortgage News, Dec. 21, 2018–Brad Finkelstein, Austin Kilgore (subscription)CoreLogic is exiting its loan origination software and default management operations over the next 24 months and instead accelerated plans to transform its appraisal management company unit.