HousingWire, Dec. 29, 2020–Tim GlazeToday, 2.7 million homeowners remain in forbearance – with more than 78% of them in an extension plan, according to the Mortgage Bankers Association Forbearance and …
Category: Top National News
New York Bans Most Evictions as Tenants Struggle to Pay Rent
New York Times, Dec. 29, 2020–Dana RubensteinThe New York Legislature on Monday overwhelmingly passed one of the most comprehensive anti-eviction laws in the nation, as the state contends with high …
Covid-19 Vaccine Outlook Prompts Businesses to Dust Off Return-to-Office Plans
Wall Street Journal, Dec. 29, 2020–Peter Grant (subscription)Office building landlords are hoping the massive Covid-19 vaccination campaign will lead to millions of people returning to workplaces in 2021 after spending …
Biden Builds Team to Get Aggressive on Regs
The Hill, Dec. 27, 2020–Rebecca Beitsch, Morgan ChalfantPresident-Elect Joseph Biden will face a divided Senate when he takes office that could be controlled by Majority Leader Mitch McConnell (R-Ky.) depending …
Improving the Safety and Soundness of Nonbank Mortgage Servicers Will Require More Than Prudential Regulation
Urban Institute, Dec. 2020–Karan Kaul, Laurie GoodmanThe authors say given nonbank risks are mostly liquidity in nature, we conclude that the most effective path forward is to pair prudential regulation …
Waters, Brown Urge Mnuchin to Halt Housing Finance Reforms
American Banker, Dec. 23, 2020–Neil Haggerty (subscription)The top Democrats on the House and Senate banking committees urged the Trump administration to halt any plans to reform the U.S. housing finance …
SEC Chairman Says He Will Depart Regulator Wednesday
Bloomberg, Dec. 23, 2020–Benjamin BainSecurities and Exchange Commission Chairman Jay Clayton announced that Wednesday will be his last day leading Wall Street’s top regulator. Clayton, in a statement posted on …
How Mortgage Fintechs are Using AI for Equitable Decision-Making
National Mortgage News, Dec. 23, 2020–Brad Finkelstein (subscription)While it’s no silver bullet, automation with careful monitoring and testing can help lenders eliminate racial bias toward potential borrowers, the developers say.https://www.nationalmortgagenews.com/news/how-mortgage-fintechs-are-using-ai-for-equitable-decision-making
States Square Off Over Taxing Remote Workers’ Income
Wall Street Journal, Dec. 23, 2020–Jimmy Vielkind (subscription)More than a dozen states submitted legal briefs this week to weigh in on a petition that New Hampshire filed with the court …
Ultra-Low Mortgage Rates Make it a Jolly Season for Refinancing
Yahoo! Finance, Dec. 23, 2020–Ethan RothenbergU.S. homeowners are putting super-cheap mortgage rates into their stockings ahead of the holidays, and are refinancing home loans at more than double the pace …