American Banker, Jan. 12, 2021–Allissa Kline (subscription)Commercial real estate portfolios have held up better than expected during the pandemic. But rising delinquencies and fears of a delayed economic recovery are …
Category: Top National News
New Senate Banking Chief Plans Greater Focus on Housing Issues
National Mortgage News, Jan. 12, 2021–Neil Haggerty (subscription)Sen. Sherrod Brown, D-Ohio, said elevating affordable housing issues, examining the financial system through a climate and racial justice “lens,” and holding banks …
Visa Abandons Planned Acquisition of Plaid After DOJ Challenge
Wall Street Journal, Jan. 12, 2021–Brent Kendall, AnnaMaria Andriotis, Peter Rudegeair (subscription)Visa Inc. abandoned its $5.3 billion planned acquisition of financial-technology firm Plaid Inc. amid a Justice Department antitrust lawsuit …
Tentative Recovery in Mortgage Availability With Help From Government and Jumbo Loans
Mortgage News Daily, Jan. 12, 2021–Jann SwansonWhile it did dip a bit last month, the availability of mortgage credit appears to be stabilizing, having moved only slightly over the last …
Remote-Work Boom During Covid-19 Pandemic Draws Real Estate Startups
Wall Street Journal, Jan. 12, 2021–Konrad Putzier (subscription)A group of real estate startups is aiming to cash in on the remote-work phenomenon.https://www.wsj.com/articles/remote-work-boom-during-covid-19-pandemic-draws-real-estate-startups-11610447400?
CFPB, OCC on Collision Course over Who Regulates Fintechs
American Banker, Jan. 12, 2021–Kate Berry (subscription)The Office of the Comptroller of the Currency appears intent on being the federal chartering agency for tech firms with banking ambitions. But some …
Biden to Name Gary Gensler as SEC Chair, Sources Say
Reuters, Jan. 12, 2021–Svea Herbst-Bayliss, Katanga Johnson, Jarrett RenshawGary Gensler, a leading financial regulator under the Obama administration, is expected to be named chair of the U.S. Securities and Exchange …
Flooding Due to Climate Change Caused $75 Billion of Damage in the U.S.
Bloomberg, Jan. 12, 2021–Leslie KaufmanStanford University researchers have determined that a third of the financial damage caused by flooding in the U.S. over the past three decades—almost $75 billion worth—can …
Reggora Gets Series B Funding, Eyes 2-day Appraisals
HousingWire, Jan. 12, 2021–Tim GlazeAppraisal software company Reggora today announced the completion of a $30 million Series B funding round, led by returning investor Spark Capital. Other investors included Shine …
Janet Yellen Confirmation Hearing for Treasury Secretary Set for Jan. 19
Wall Street Journal, Jan. 12, 2021–Kate Davidson, Kristina Peterson (subscription)The Senate Finance Committee is set to hold a hearing on Janet Yellen’s nomination to be Treasury secretary on Jan. 19, …