Inside Mortgage Finance, Dec. 1, 2021–Paul MuoloMr. Cooper, the nation’s 12th largest originator, disclosed in a new public filing Wednesday morning that it’s feeling more optimistic about its financial performance …
Category: Top National News
Mortgage Refinance Demand Plunged 15% Last Week, But Could Now Reverse
CNBC, Dec. 1, 2021–Diana OlickMortgage rates rose decisively again for most of last week, causing a massive drop in mortgage demand, the Mortgage Bankers Association reported, but late in the …
Officials Are Brainstorming Solutions to Austin’s Booming Housing Costs. Here are Four Ideas.
Austin (Texas) Monitor, Dec. 1, 2021–Audrey McGlincheyThe median sales price of a home in Austin, Texas rose more than $100,000 this year and rents have been climbing at the fastest …
The Hill’s Top Lobbyists 2021
The Hill, Dec. 1, 2021Among those recognized by The Hill are Bill Killmer and Tallman Johnson of the Mortgage Bankers Association.https://thehill.com/business-a-lobbying/top-lobbyists/583722-the-hills-top-lobbyists-2021
Chopra Distances CFPB from Trump Era in Settlement with Consumer Groups
American Banker, Nov. 30, 2021–Kate Berry (subscription)The CFPB this week settled a lawsuit brought by a group of consumer advocates that alleged former CFPB Director Kathy Kraninger, a Trump appointee, …
The Hill’s Top Lobbyists 2021
The Hill, Dec. 1, 2021Among those recognized by The Hill are Bill Killmer and Tallman Johnson of the Mortgage Bankers Association.https://thehill.com/business-a-lobbying/top-lobbyists/583722-the-hills-top-lobbyists-2021
U.S. Bank Profits Dip on Slower Reduction in Loan Loss Provisions
Reuters, Nov. 30, 2021–Pete SchroederU.S. bank profits fell 1.2% in the third quarter of 2021 to $69.5 billion as firms were slower to shrink their credit loss provisions and grappled …
Startup Tops $1 Billion Valuation Finding Labor for Rental Housing
Bloomberg, Nov. 30, 2021–Patrick ClarkLessen, a technology company that connects property owners with building contractors, is raising $170 million to keep up with demand from institutional investors pouring into rental …
Zillow Hit with Multiple Shareholder Lawsuits
HousingWire, Nov. 30, 2021A pair of lawsuits on behalf of Zillow investors cite statements by COO Jeremy Wacksman – and similar rosy claims in 2021 by CEO Rich Barton and …
White House Considering Richard Cordray as Top Fed Banking Regulator
Wall Street Journal, Nov. 30, 2021–Nick Timiraos, Andrew Ackerman, Ken Thomas (subscription)President Biden is considering Richard Cordray, the first director of the Consumer Financial Protection Bureau, to serve as the …