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 …
Category: Top National News
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, …
Mortgage Rates to Home Prices: 8 Housing Predictions for 2021
Yahoo!Money, Jan. 12, 2021–Dhara SinghHome prices and sales likely will maintain their 2020 momentum, while refinances should taper off as mortgage rates move off historical lows. The ramifications of coronavirus …
Compass Files for IPO
HousingWire, Jan. 11, 2021–James KleimannSoftBank-backed residential brokerage Compass filed paperwork with the Securities and Exchanges Commission on Monday to go public.https://www.housingwire.com/articles/compass-files-for-ipo/
Mortgage Lender LoanDepot Files to Go Public as Housing Booms
Bloomberg, Jan. 11, 2021–Jennifer Surane, Shahien NasiripourLoanDepot, one of the country’s largest mortgage lenders, is planning to go public. Again. The firm plans to list on the New York Stock …
U.S. Banks Cast Wary Eye at Mortgage Borrowers as Forbearance Periods End
Reuters, Jan. 11, 2021–Imani MoiseU.S. banks are struggling to understand how their residential mortgage portfolios will perform this year, because borrower-assistance programs during the pandemic have clouded who will be …
Banking Groups Suspend Political Donations after D.C. Riot
American Banker, Jan. 11, 2021–Hannah Lang (subscription)The Consumer Bankers Association and Mortgage Bankers Association said the groups were suspending donations to all candidates from their political action committees. Their decisions …