Forbes, Apr 23, 2021–Natalie CampisiWhile more than half of U.S. homeowners have experienced double-digit percentage increases in their home equity—the current market value minus the current mortgage balance—in the fourth …
Category: Top National News
Biden Should Pocket These Tax Ideas
UExpress, Apr. 23, 2021–Lew SichelmanOver the next few months, the White House is likely to propose two major tax changes that could impact the housing sector.https://www.uexpress.com/housing-scene/2021/4/23/biden-should-pocket-these-tax-ideas
Fannie Mae, Freddie Mac May Broaden Options for Deep Distress
National Mortgage News, Apr. 22, 2021–Bonnie Sinnock (subscription)Though the government-sponsored enterprises have some of the lowest forbearance rates in the market, they expect to contend with a significant population of …
First-Time Homebuyers are Getting Outbid by Big Companies
Orange County Register, Apr. 22, 2021–Jeff LazersonHome shoppers aren’t just competing against each other in bidding wars these days. Landlords, large and small, also are lining up to buy homes …
Biden Eyeing Capital Gains Tax as High as 43.4% for Wealthy
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 …
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 …