New York Times, Nov. 8, 2020–Ron Lieber, Tara Siegel BernardBankruptcy gives over 700,000 debtors a fresh start every year. Bills for credit cards and medical expenses can be wiped away …
Category: Top National News
How Will the Next U.S. President Impact Mortgage Servicing and Compliance?
Mortgage Professional America, Nov. 6, 2020–Clayton JarvisAs Joe Biden stands on the precipice of becoming America’s 46th president, there is uncertainty around the impact his administration may have on the …
The Exodus Continues: Northeastern Housing Markets Fill Up with Former City Dwellers
HousingWire, Nov. 6, 2020–Julia FalconThe pandemic-fueled exodus continues as apartment dwellers in big cities flee to the suburbs and beyond. The suburbs and rural areas of the Northeast are attracting …
Mortgage Broker Payrolls Top 100,000 Per Month, Marking a 10-Year High
National Mortgage Professional, Nov. 6, 2020–Bonnie Sinnock (subscription)The new record in third-party originator hiring numbers adds to indications that some lenders have been leaning harder on the wholesale channel to …
Understanding the Impact of Property Taxes Is Critical for Effective Local Policymaking
Urban Institute, Nov. 5, 2020–Linna Zhu, Sheryl PardoThe best way to understand the impact of any existing or proposed property tax initiative is to examine the property-level impacts in a …
MBA: Commercial/Multifamily Lending To Drop 34 Percent In 2020
National Mortgage Professional, Nov. 6, 2020–Navi PersaudThe Mortgage Bankers Association’s forecast reported that commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties …
How Much Debt Do Millennials Have?
CNBC, Nov. 5, 2020–Megan DeMatteoMillennials are the generation with the fastest growing debt load, which isn’t surprising when you consider this cohort is increasingly having children, buying homes and continuing …
Sellers: Go Easy on the Holiday Decor
UExpress, Nov. 6, 2020–Lew SichelmanThere’s nothing wrong with trying to sell a house during the holidays. It’s as good a time as any — maybe even better. Most buyers this …
What Would the CFPB Look Like Under a Biden Administration?
HousingWire, Nov. 5, 2020–Sarah WheelerOne thing that seems very likely is that Biden would replace Kathy Kraninger soon after inauguration. A Supreme Court ruling in June means that a president …
Impac Regains Profitability in 3Q, But Faces Hurdles over Shutdown
National Mortgage News, Nov. 5, 2020–Brad Finkelstein (subscription)The company is finding it challenging to ramp originations back up after spending most of the second quarter on the sidelines.https://www.nationalmortgagenews.com/news/impac-regains-profitability-in-3q-but-has-hurdles-from-shutdown