National Mortgage News, Jan. 26, 2021–Brad Finkelstein (subscription)Investor concerns about a 25 basis point reduction taking business from private insurers might be overblown, but a 50 bp cut could affect …
Category: Top National News
Roostify Secures $32M In Latest Funding Round
National Mortgage Professional, Jan. 26, 2021–Navi PersaudRoostify, a home lending technology provider, secured $32 million in its Series C funding round. The company has now raised a total of $65 …
This is the Best Time of the Year to Get a Mortgage
MarketWatch, Jan. 26, 2021–Jacob PassyThe Haus study found that much like the housing market itself the mortgage market ebbs and flows with the seasons. And January, as it turns out, …
Housing Industry Reacts to Yellen’s Confirmation
HousingWire, Jan. 26, 2021–Tim GlazeIndustry officials were quick to signal their support for yesterday’s historic U.S. Treasury Secretary confirmation of Janet Yellen, the 74-year-old who now holds the distinction of …
What Will Incoming CFPB Chief Do with $570 Consumer Aid Fund?
American Banker, Jan. 25, 2021–Kate Berry (subscription)The agency has amassed more in fines than it has returned to wronged customers. With Democrats now in power, some hope the bureau will …
NewRez Resumes Non-QM Lending After Pandemic Pause
National Mortgage News, Jan. 25, 2021–Paul Centopani (subscription)The subsidiary of New Residential Investment produced nearly $400 million in non-QM volume in the first quarter of 2020 before putting a hold …
Saved Stimulus Checks Expected to Help Spur Economic Recovery
Wall Street Journal, Jan. 26, 2021–Harriet Torry (subscription)Americans saved $1.4 trillion in the first three quarters of 2020, or about twice as much as in the same period of the …
Averting an Eviction Crisis
Urban Institute, Jan. 25, 2021–Jim Parrott, Mark ZandiThe authors summarize the size and impact of the wave of evictions that will follow the March expiration of the moratorium. They argue …
What Will Incoming CFPB Chief Do with $570 Consumer Aid Fund?
American Banker, Jan. 25, 2021–Kate Berry (subscription)The agency has amassed more in fines than it has returned to wronged customers. With Democrats now in power, some hope the bureau will …
Financial Firms Brace for Biden’s Consumer Agency Chief
The Hill, Jan. 26, 2021–Sylvan LanePresident Biden’s pick to lead the Consumer Financial Protection Bureau, Rohit Chopra, is expected to embolden the powerful agency with a more aggressive approach to …