MarketWatch, Jan. 26, 2021–Jacob PassyThe Haus study found that much like the housing market itself the mortgage market ebbs and flows with the seasons. And January, as it turns out, …
Category: Top National News
Housing Industry Reacts to Yellen’s Confirmation
HousingWire, Jan. 26, 2021–Tim GlazeIndustry officials were quick to signal their support for yesterday’s historic U.S. Treasury Secretary confirmation of Janet Yellen, the 74-year-old who now holds the distinction of …
What Will Incoming CFPB Chief Do with $570 Consumer Aid Fund?
American Banker, Jan. 25, 2021–Kate Berry (subscription)The agency has amassed more in fines than it has returned to wronged customers. With Democrats now in power, some hope the bureau will …
NewRez Resumes Non-QM Lending After Pandemic Pause
National Mortgage News, Jan. 25, 2021–Paul Centopani (subscription)The subsidiary of New Residential Investment produced nearly $400 million in non-QM volume in the first quarter of 2020 before putting a hold …
Saved Stimulus Checks Expected to Help Spur Economic Recovery
Wall Street Journal, Jan. 26, 2021–Harriet Torry (subscription)Americans saved $1.4 trillion in the first three quarters of 2020, or about twice as much as in the same period of the …
Averting an Eviction Crisis
Urban Institute, Jan. 25, 2021–Jim Parrott, Mark ZandiThe authors summarize the size and impact of the wave of evictions that will follow the March expiration of the moratorium. They argue …
What Will Incoming CFPB Chief Do with $570 Consumer Aid Fund?
American Banker, Jan. 25, 2021–Kate Berry (subscription)The agency has amassed more in fines than it has returned to wronged customers. With Democrats now in power, some hope the bureau will …
Financial Firms Brace for Biden’s Consumer Agency Chief
The Hill, Jan. 26, 2021–Sylvan LanePresident Biden’s pick to lead the Consumer Financial Protection Bureau, Rohit Chopra, is expected to embolden the powerful agency with a more aggressive approach to …
Why are Office Values So Resilient?
Mortgage Professional America, Jan. 25, 2021–David KitaiWhether because of bullish bets on physical offices as crucial to innovation or simply because many longer-term office leases haven’t ended yet, investor preference …
First American Exits Property and Casualty Business
HousingWire, Jan. 25, 2021–Kelsey RamirezThe sales – known as “book transfer agreements” in accounting parlance – were made with Safeco Insurance, a Liberty Mutual company, and Heritage Insurance Holdings. First …