Reuters, Jan. 2021–Imani Moise, David Henry, Noor Zainab HussainBank of America Corp executives said on Tuesday they were optimistic the bank could return to loan growth this year, after the …
Category: Top National News
U.S. Economic Recovery Loses Steam Just as Biden Takes Office
Bloomberg, Jan. 19, 2021–Reade Pickert, Yue Qiu, Alexander McIntyrePresident-elect Joe Biden this week inherits an economic recovery that’s challenged by the raging pandemic and a still-suffering labor market. The latest …
Biden’s CFPB Nominee Could Take Reins Before Senate Vote
American Banker, Jan. 19, 2021–Kate Berry (subscription)If he’s confirmed as director of the Consumer Financial Protection Bureau, Rohit Chopra is expected to move quickly to undo Trump policies and address …
Yellen Tells Lawmakers That American Workers Would Be Her Focus
Wall Street Journal, Jan. 19, 2021–Kate Davidson (subscription)Janet Yellen told lawmakers Tuesday she would make the needs of America’s workers her core focus if confirmed as the next U.S. Treasury …
FHFA Extends Foreclosure, Eviction Moratorium to February
HousingWire, Jan. 19, 2021–Kelsey RamirezThe Federal Housing Finance Agency announced Tuesday that Fannie Mae and Freddie Mac will once again extend moratoriums on single-family foreclosures and real estate owned evictions, …
Covid Lockdowns, Unpaid Rents Cause Commercial Mortgage Delinquencies to Rise in U.S.
World Property Journal, Jan. 19, 2021–Michael GerrityThe Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey is reporting this week that delinquency rates for mortgages backed by commercial and …
Developers Want Malls to Become Warehouses or Offices. It Is a Slog.
Wall Street Journal, Jan. 19, 2021–Esther Fung (subscription)Many developers look at failing malls and envision modern office campuses, bustling warehouses or residential buildings. But some are finding that converting these …
Will Rising Treasury Rates Mean Higher Mortgage Interest Costs Ahead?
Bankrate.com, Jan. 19, 2021–Peter G. MillerAs it happens, 2020 was very good to mortgage lenders. Borrowers lined up to finance and refinance at record-low rates, and the results showed up …
The Debt Question Facing Janet Yellen: How Much Is Too Much?
Wall Street Journal, Jan. 18, 2021–Kate Davidson, Jon Hilsenrath (subscription)A big question hangs over Janet Yellen this week at her confirmation hearing to become U.S. Treasury secretary: How much debt …
What Will Joe Biden Do to Mortgage Rates? See What Experts Say
Yahoo! Finance, Jan. 18, 2021–Ethan RotbergProspective homebuyers, and homeowners still needing to refinance to lower rates, are searching for any clues on where mortgage rates may head once Joe Biden …