Wall Street Journal, Sept. 14, 2020–David Benoit, Ben Eisen (subscription)Federal regulators are preparing to reprimand Citigroup Inc. for failing to improve its risk-management systems—an expansive set of technology and procedures …
Category: Top National News
Is Mortgage Credit Really Too Tight Since COVID-19?
HousingWire, Sept. 14, 2020–Logan MohtashamiAt the end of the day more than 93% of the purchase loans that could have closed during the period of the record-breaking expansion still would …
Housing is Still Holding Up the Economy. It’s So Not Like 2008
CNN Business, Sept. 14, 2020–Paul R. La MonicaThe stock market continues to be volatile and the job market is still in worse shape than where it was before Covid-19 plunged …
Far From Home Sweet Home
UExpress.com, Sept. 11, 2020–Lew SichelmanCongressional watchdogs at the General Accountability Office have looked into multiple cases of illness and severely subpar housing on bases for all of the country’s armed …
Ellie Mae President and CEO Jonathan Corr Retires
HousingWire, Sept. 11, 2020–Alex RohaExactly one week after Ellie Mae was officially acquired by Intercontinental Exchange, Ellie Mae president and CEO Jonathan Corr announced his retirement on Friday, and announced …
How the Coronavirus is Changing Homebuyer Preferences
National Mortgage News, Sept. 11, 2020–Bonnie Sinnock (subscription)The coronavirus has upended many aspects of life in the United States and the housing market is no exception. To this end, TD …
‘It’s the Economy, Stupid’ Carries Less Weight in 2020 Election
Wall Street Journal, Sept. 13, 2020–Jon Hilsenrath, Aaron Zitner (subscription)Polls indicate America’s voters are also considering the coronavirus, leadership style and racial concerns.https://www.wsj.com/articles/its-the-economy-stupid-carries-less-weight-in-2020-election-11599989400?mod=hp_lead_pos4
Small Mortgages Are Hard to Get, Even Where Home Prices Are Low
Pew Charitable Trust, Sept. 11, 2020–Alex Horowitz, Tara RocheIn many communities across the U.S., small mortgages—those for less than $150,000—are largely unavailable despite an abundance of homes—and buyers—in that price …
The Coming Wave of Defaults
The Hill, Sept. 12, 2020–Richard VagueWith COVID-related income supplements and unemployment benefits now expired or reduced, we face a new wave of mortgage and rental delinquencies, many of which will …
Real Estate Trusts Lag Behind in Race Diversity as Legacy Rules
Bloomberg, Sept. 11, 2020–Yueqi YangPublic real-estate investment companies lag behind members of the broader S&P 500 Index in board-level racial diversity, remaining one of the industries most difficult for African …