The Hill, Jan. 7, 2021–Cristina Marcos, Mike LillisCongress on early Thursday morning formally affirmed President-elect Joe Biden’s election victory after a mob supporting President Trump violently broke into the Capitol …
Category: Top National News
Fed Officials All Backed Bond-Buying Pace, December Minutes Show
Bloomberg, Jan. 6, 2021–Steve MatthewsFederal Reserve officials unanimously backed holding the pace of asset purchases steady when they met last month.“All participants judged that it would be appropriate to continue …
Democrat Senate Win Could Cut Refinance Wave Short
HousingWire, Jan. 6, 2021–Kelsey RamirezGeorgia held its runoff election on Tuesday, and Democrats appear to have won control of the Senate. Now, housing experts are shifting their 2021 forecasts, theorizing …
Ocwen, CFPB Mediation Talks End with No Settlement, the Company Says
National Mortgage News, Jan. 6, 2021–Brad Finkelstein (subscription)The regulator’s demands for ending the action were excessive, Ocwen claimed.https://www.nationalmortgagenews.com/news/ocwen-cfpb-mediation-talks-end-with-no-settlement-the-company-says
Gig-Economy Companies Get Worker Flexibility From Trump Administration
Wall Street Journal, Jan. 6, 2021–Eric Morath (subscription)The Labor Department in a final rule released on Wednesday would make it more difficult for a gig worker, such as an Uber …
In a Pandemic First, 10-Year Treasury Tops 1%, Pressuring Mortgage Rates
Bankrate.com, Jan. 6, 2021–Jeff Ostrowskin a shift that could push mortgage rates higher, the rate on 10-year bonds issued by the U.S. government on Wednesday topped 1 percent for the …
Forbearance Volume Activity Ended 2020 on a Flat Note
DS News, Jan. 6, 2021–Phil HallAccording to the MBA’s latest Forbearance and Call Volume Survey, 5.53% of servicers’ portfolio volume, or 2.7 million loans, were in forbearance plans as of …
Mortgage Demand From Homebuyers Pulled Back Sharply, Even as Rates Ended 2020 Near Record Low
CNBC, Jan. 6, 2021–Diana OlickThe stunning surge in home buying, brought on by the coronavirus pandemic, may finally be easing up. Mortgage applications to purchase a home fell 0.8% in …
Warnock Wins Georgia Runoff, Bringing Democrats Closer to Control of U.S. Senate
Washington Post, Jan. 6, 2021–Reis Thebault, Michael Scherer, Cleve R. Wootson Jr.Democrats closed in on control of the U.S. Senate early Wednesday with a stunning come-from-behind victory in one of …
CFPB Well-Positioned to Oversee Fintechs, Task Force Says
American Banker, Jan. 5, 2021–Kate Berry (subscription)A panel appointed by the Consumer Financial Protection Bureau said Congress should consider authorizing the bureau — and not the Office of the Comptroller …