Multi-Housing News, March 23, 2021–Gail KalinoskiNearly all of the 50 largest metro areas have become less affordable for renters and first-time homebuyers since 2001, forcing low- and moderate-income residents to …
Category: Top National News
The CFPB’s New Team Has a Message for Banks It Regulates: We’re Back
Bloomberg, Mar. 23, 2021–Jeff Kearns, Hannah LevittWith a new boss on the way, the consumer protection agency is knocking on doors and asking tough questions.https://www.bloomberg.com/news/articles/2021-03-23/biden-s-cfpb-head-rohit-chopra-expected-to-be-tougher-than-trump-s-on-banks?srnd=premium
Distressed Borrower Communication Rules on Track for Now: CFPB
National Mortgage News, Mar. 22, 2021–Bonnie Sinnock (subscription)The Consumer Financial Protection Bureau’s acting director has said he could rethink the pending Fair Debt Collection Practices Act rules, but a report …
How Mortgage Industry Recruitment Has Changed in the Pandemic
National Mortgage News, Mar. 22, 2021–Brad Finkelstein (subscription)From offering operations folks big bonuses to grooming recent grads, lenders are getting creative in their efforts to manage staffing throughout the boom-bust …
What Rising Mortgage Rates Really Mean for the Housing Market
Yahoo! Finance, Mar. 22, 2021–Alexis ChristoforousMortgage rates may be on the rise, but that doesn’t necessarily mean the housing boom is about to go bust.https://finance.yahoo.com/news/what-rising-mortgage-rates-really-mean-for-the-housing-market-165421816.html
The Refinance Boom Could Be Slowing Down…For Now
Marketplace, Mar. 22, 2021–Justin HoMortgage rates fell to record lows in 2020, which caused refinancing to explode. But that’s starting to change, said Mike Fratantoni, chief economist with the Mortgage …
Out Of Whack: Lack of Homes For Sale Sends Prices Surging, Frustrates Buyers
NPR, March 22, 2021–Chris ArnoldMany Americans are ready and eager to buy a home right now. But they’re having trouble finding one. Home sales edged down 6.6% in February compared …
Rents for the Rich are Plummeting. Rents for the Poor are Rising. Why?
Washington Post, March 22, 2021–Catherine RampellThe rental housing market over the past year has seen rent hikes on lower-quality housing, generally occupied by the most financially insecure tenants, and steep …
The Pandemic Has Boosted Homeownership and Home-Related Spending
Dartmouth University, March 22, 2021–Kirk KardashianDartmouth University Professor Brian Melzer studied the close connection between home buying and spending on durable goods such as furniture, appliances and home-improvement items. The …
Recognizing CRE’s Gender Equality Champions
GlobeSt.com, March 22, 2021–Ingrid TunbergThe commercial real estate industry has been increasingly called upon to correct and amplify its protocols regarding gender inequality. As more executives begin to recognize the …