Wall Street Journal, Mar. 29, 2023–Andrew Restuccia, Andrew Ackerman, Andrew Duehren (subscription)The White House is planning as soon as this week to recommend tougher rules for midsize banks, according to …
Category: Top National News
Mortgage Applications Increase in Latest MBA Weekly Survey
MortgageOrb, Mar. 29, 2023–Stefanie BotelhoMortgage applications increased 2.9% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 24.https://mortgageorb.com/mortgage-applications-increase-in-latest-mba-weekly-survey-2
CFPB Asking Questions About ‘Capital Liquidity Resilience’ of Servicers
Inside Mortgage Finance, Mar. 29, 2023–Sam ManasWith a nod toward the collapse of Silicon Valley Bank and the ensuing liquidity crisis, Consumer Financial Protection Bureau Director Rohit Chopra this week …
Can New York Fix Its Housing Crisis? It Depends on the Suburbs
New York Times, Mar. 29, 2023–Mihir Zaveri, Luis Ferré-Sadurní, Michael D. ReganThe New York governor’s quest to force suburbs around New York City to build more housing is meeting with …
MBA’s Broeksmit: Media Coverage of CRE and Financial Stress Doesn’t Capture “the Complete Picture”
ConnectCRE, Mar. 28, 2023–Paul BubnyMortgage Bankers Association President and CEO Bob Broeksmit, CMB, said recent media coverage of uncertainty in commercial real estate markets hasn’t always provided an accurate picture. …
CFPB’s Chopra: Regulators Need to Assess Risks in Faster Communications
National Mortgage News, Mar. 28, 2023–Kate Berry (subscription)Rohit Chopra, the director of the Consumer Financial Protection Bureau, said regulators will need to assess how fast communications can precipitate a bank …
US Officials Signal New Rules for Banks After SVB, Signature Failures
Bloomberg, Mar. 28, 2023–Chris AntseyTop US financial officials on Tuesday outlined what’s likely to be the biggest regulatory overhaul of the banking sector in years, in an initiative aimed at …
Report: Millennials No Longer Biggest Group Of Homebuyers
National Mortgage Professional, Mar. 28, 2023–Mike SavinoMillennials no longer rank as the biggest homebuying generation, falling from the top spot for the first time in nearly a decade, to Gen …
Scratch-and-Dent Volume Appears to Be on the Rise
National Mortgage News, Mar. 28, 2023–Brad Finkelstein (subscription)After two years of record mortgage volumes, the government-sponsored enterprises are finally checking the loans they purchased during this time frame to see …
Americans Predict Mortgage Rates will Top 8% Next Year
Yahoo!Finance, Mar. 28, 2023–Rebecca ChenThe latest annual consumer expectation survey on housing released Tuesday by the Federal Reserve Bank of New York showed respondents surveyed in February are expecting the …