Bloomberg, Apr. 22, 2021–Laura Davison, Allyson VersprillePresident Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6% to help pay for a raft of …
Category: Top National News
CFPB Appeals Ocwen’s Victory in Servicing Suit
National Mortgage News, Apr. 22, 2021–Kate Berry (subscription)The Consumer Financial Protection Bureau disputes a district court ruling that misconduct claims against the company were already covered by a previous settlement.https://www.nationalmortgagenews.com/news/cfpb-appeals-dismissal-of-federal-lawsuit-against-ocwen
More Than 4 In 10 Millennials Refinanced In The Past Year
National Mortgage Professional, Apr. 22, 2021–Navi PersaudMore than four in 10 millennials refinanced their mortgage in the past year, according to a report from LendingTree. Record-low mortgage rates fueled the …
Alex Oh Named Securities and Exchange Commission Enforcement Director
Wall Street Journal, Apr. 22, 2021–Dave Michaels (subscription)Alex Oh, a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP, will assume command of the 1,300-person division, which enforces civil securities …
Mortgage Rates Fall Back Below 3 Percent
Washington Post, Apr. 22, 2021–Kathy OrtonFor the third week in a row, mortgage rates pulled back as Treasury yields continued to exert downward pressure. According to the latest data released …
Rate Discounts Must be Tracked Amid Renewed Fair Lending Focus: Panel
National Mortgage News, Apr. 22, 2021–Brad Finkelstein (subscription)With the Biden Administration looking to reinstate the disparate impact standard for fair lending enforcement, mortgage originators must place renewed focus on the …
Rapid Sales Of Luxury Homes Suggest Uneven Economic Recovery, As Affluent Take Advantage Of Remote Working, Low Interest Rates To Buy Dream Properties
Forbes, Apr. 22, 2021–Palash GhoshAdam DeSanctis, director of public affairs at Mortgage Bankers Association told Forbes that many higher-income households “have been unaffected by the pandemic-induced job losses seen in …
As Profit Margins Shrink, Mortgage Execs Look at LO Compensation
HousingWire, Apr. 22, 2021–James KleimannKeeping a staff well-fed and happy while minding the bottom line is a delicate balance, mortgage executives said at a panel from the Mortgage Bankers Association‘s …
Mr. Cooper Secures Deal With Google Cloud for Mortgage Servicing Platform
Mortgage Professional America, April 22, 2021–Candyd MendozaNonbank servicer Mr. Cooper Group has teamed up with Google Cloud to create a digital mortgage servicing platform designed to automate its loan documentation …
U.S. Housing Boom is Universal
Bloomberg News, April 22, 2021 (Video)Zonda Chief Economist Ali Wolf told Bloomberg News housing demand is up across geographies, across price points and across buyer group.https://www.bloomberg.com/news/videos/2021-04-21/u-s-housing-boom-is-universal-across-geography-buyer-price-ali-wolf-video