HousingWire, Jan. 29, 2021–Kelsey RamirezThe use of eNotes registered on the Mortgage Electronic Registration Systems increased a full 261% year over year in December 2020. The MERS eNote eRegistry is …
Category: Top National News
Home Point IPO Size Cut Likely Connected to GameStop Market Turmoil
National Mortgage News, Jan. 29, 2021–Brad Finkelstein (subscription)The ongoing market turbulence tied to GameStop and other stocks favored by Redditors may have played a role in the large cut in …
The Evidence Supports the CFPB’s New Seasoning Pathway to Safe Harbor
Urban Institute, Jan. 29, 2021–Karan Kaul, Laurie Goodman, Jun ZhuThis brief analyzes historical loan performance to study the CFPB’s newly issued Seasoning QM Rule, which would provide a 3-year pathway …
CFPB Doubles Down on Mortgage Servicing Enforcement
HousingWire, Jan. 29, 2021–Kelsey RamirezThe new acting director of the Consumer Financial Protection Bureau, Dave Uejio, told staff in an email on Thursday that the bureau will direct its attention …
U.S. Consumer Spending Decreases Further; Inflation Creeping Up
Reuters, Jan. 29, 2021–Lucia MutikaniU.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of …
Will Green Homes Perform Better in Mortgage-Backed Securities?
Mortgage Professional America, Jan. 29, 2021–David KitaiFannie Mae announced yesterday that it has issued a cumulative $111 million of Single Family Green Mortgage-Backed Securities since April of last year.https://www.mpamag.com/news/will-green-homes-perform-better-in-mortgagebacked-securities-245013.aspx
New CFPB Boss Vows to Get Tough on Military Lending, Pandemic Relief Laws
National Mortgage News, Jan. 29, 2021–Kate Berry (subscription)Dave Uejio, acting director of the Consumer Financial Protection Bureau, promised to protect veterans from predatory loans and to crack down on companies …
U.S. Household Income, Savings Rose at End of Last Year
Wall Street Journal, Jan. 29, 2021–Josh Mitchell (subscription)U.S. household income rose for the first time in three months in December as a new round of government-aid efforts kicked in, priming …
Lawmakers Propose Tax Credit for Struggling Homes and Businesses
Accounting Today, Jan. 29, 2021–Michael CohnSens. Rob Portman, R-Ohio, and Ben Cardin, D-Maryland, who are both members of the Senate Finance Committee, introduced a bipartisan bill Thursday, the Neighborhood Homes …
Addressing the Racial Divide
UExpress, Jan. 29, 2021–Lew SichelmanIn an unusual, if not unprecedented, move for a major trade organization, the National Association of Realtors has taken full ownership for any and all discriminatory …