Orange County Register, Jan. 21, 2021–Jeff LazersonTopping everyone’s list of COVID-induced loan denials is income instability realized as too low debt-to-income ratios or DTI. Simply stated, your total house payment …
Category: Top National News
CFTC Chair Steps Down, Academic Chris Brummer in Lead to Replace Him
Reuters, Jan. 21, 2021–Jarrett Renshaw, Karen Brettell, Michelle PriceHeath Tarbert stepped down as Commodity Futures Trading Commission chair on Thursday, with Georgetown University academic Chris Brummer emerging as a leading …
Could California’s Shopping Centers Be a Housing Fix?
Bloomberg, Jan. 21, 2021–Patrick SissonA trio of bills propose plugging the state’s huge housing gap with commercial-to-residential conversions of strip malls. New research suggests it could work.https://www.bloomberg.com/news/articles/2021-01-19/how-empty-shopping-centers-could-be-a-housing-fix?srnd=premium
Biden Approves New HUD Chief of Staff
HousingWire, Jan. 21, 2021–Kelsey RamirezAfter his inauguration Wednesday, President Joe Biden swore in Jenn Jones as the new chief of staff for HUD.https://www.housingwire.com/articles/biden-appoints-new-hud-chief-of-staff/
Former Cordray Aide Selected for Interim CFPB Post
National Mortgage News, Jan. 21, 2021–Kate Berry (subscription)Dave Uejio, who served as chief of staff to ex-Director Richard Cordray, was named by the Biden administration to lead the Consumer Financial …
Housing Market Stays Tight as Homeowners Stay Put
Wall Street Journal, Jan. 21, 2021–Nicole Friedman (subscription)Americans are holding on to their homes longer, and it is costing would-be home buyers. The length of time U.S. homeowners stay put …
Hedge Funds’ Bets on Fannie and Freddie Cause Pain
Wall Street Journal, Jan. 21, 2021–Juliet Chung, Andrew Ackerman (subscription)The end of the Trump administration is the end of the best hope for hedge-fund investors in a long and painful …
Mortgage Rates Dip as Investors Await Actions of New Administration
Washington Post, Jan. 21, 2021–Kathy OrtonA week after spiking to their highest levels in two months, mortgage rates pulled back slightly. Traders are watching to see what actions President Biden …
Industry Trade Groups Eager to Work with Biden Administration
The M Report, Jan. 21, 2021–Phil HallThe arrival of Joe Biden and Kamala Harris as the nation’s new president and vice president was met with enthusiasm and optimism by the …
The Future of Headship and Homeownership
Urban Institute, Jan. 21, 2021–Laurie Goodman, Jun ZhuThe authors look at household formation and homeownership in the US over time, showing how a combination of economic cycles and public policies …