Category: Top National News

National Mortgage Professional, Sept. 8, 2017–Phil HallThe devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies, with 160,000 borrowers becoming 90 days or more past due, according to a new forecast from Black Knight.

HousingWire, Sept. 8, 2017–Kelsey RamirezWildfires raging across the Western U.S. are partially responsible for pull home sales down in the Northwest, cooling some parts of the housing market.

Bloomberg, Sept. 8, 2017–Polly MosendzA proposed class-action lawsuit was filed against Equifax Inc. late Thursday evening, shortly after the company reported that an unprecedented hack had compromised the private information of about 143 million people.

HousingWire, Sept. 8, 2017″After nine years of this untenable status quo, GSE reform is of the utmost priority,” David Stevens, CMB, said in a blog post. “Congress has an obligation now to act to stabilize the housing finance system for the future and make it more resilient in economic downturns.”

New York Times, Sept. 8, 2017In an editorial, the NYT says weakening the regulation of institutions that are not banks would weaken a regulatory process that is already too restrained.

Wall Street Journal, Sept. 10, 2017–Peter Rudegeiar (subscription)Social Finance Inc., a fintech company whose hard-charging ethos propelled it to success, is ensnared in the controversy over workplace culture and the treatment of women at Silicon Valley technology startups.

National Mortgage News, Sept. 8, 2017–Ian McKendry (subscription)The massive breach at Equifax is likely to hurt–and may ultimately doom–efforts by Republicans to overturn the Consumer Financial Protection Bureau’s rule banning mandatory arbitration clauses.

HousingWire, Sept. 8, 2017–Brena SwansonPresident Donald Trump signed a three-month extension to the National Flood Insurance Program on Friday, giving Congress more time to come up with a long-term financial solution for the program.

Bloomberg, Sept. 8, 2017–Jef Feeley, Olga Kharif, Matthew LeisingTwo of the world’s largest blockchain developers are battling over more than $1 billion in virtual-currency options, in a dispute that may help establish the leading player in providing new payment technologies to financial companies.

UExpress, Sept. 8, 2017–Lew SichelmanThere’s nothing more offensive than a seller hovering over a would-be buyer when he or she is looking at the house. Well, maybe there is.