GlobeSt.com, Oct. 20, 2022–Lynn PollackMike Flood of the Mortgage Bankers Association recently wrote in an analysis published by Trepp that “the most likely outcome” is a split Congress, with Republicans …
Category: Top National News
CFPB Funding Method Found Unconstitutional by Federal Appeals Court
Wall Street Journal, Oct. 19, 2022–Andrew Ackerman (subscription)A federal appeals court found the U.S. Consumer Financial Protection Bureau is funded through an unconstitutional method. The decision, by a three-judge panel …
President Biden’s Plan to Boost Affordable Housing is Unprecedented–and Necessary
Yahoo!Finance, Oct. 19, 2022–Janet Yellin, Marcia FudgeTreasury Secretary and HUD Secretary describe Administration’s efforts to address longer-term affordability challenges such as rising housing costs and housing supply.https://finance.yahoo.com/news/president-bidens-plan-to-boost-affordable-housing-is-unprecedented-and-necessary-160136680.html?guccounter=1
Inflation Forces Over Half of Americans to Consider Second Jobs
Bloomberg, Oct. 19, 2022–Jo ConstantzAs real wages fall and inflation remains red hot, employees across the income spectrum take on extra shifts, side hustles or second jobs to ease the …
Debt Purchasers Set to Benefit from Consumer Delinquencies: Fitch
HousingWIre, Oct. 19, 2022–Joe BurnsU.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan sales, according to a …
Recession Fears Hit Risky Mortgage Debt Amid Default Concerns
Wall Street Journal, Oct. 19, 2022–Matt Grossman (subscription)Investors are unloading securities sold by Fannie Mae and Freddie Mac that shift the risk of mortgage defaults away from taxpayers, a sign …
Inflation Forces Over Half of Americans to Consider Second Jobs
Bloomberg, Oct. 19, 2022–Jo ConstantzAs real wages fall and inflation remains red hot, employees across the income spectrum take on extra shifts, side hustles or second jobs to ease the …
Home Buyers Flock to Florida Cities Devastated by Hurricane Ian
Wall Street Journal, Oct. 18, 2022–Robyn A. Friedman (subscription) Less than a month after Hurricane Ian caused widespread devastation to southwestern Florida, investors and other buyers are scouring for housing …
Adjustable-Rate Mortgages Are Probably Still a Bad Idea
Yahoo!Life, Oct. 18, 2022–Rachel FairbankAn adjustable-rate mortgage is a gamble that either interest rates will drop in the future, making it possible to refinance at a lower monthly payment, or …
Black Households Have Most to Gain from Inclusion of Rent Payment Data: Report
HousingWire, Oct. 18, 2022–Joe BurnsRacial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank of San Francisco, on Monday released a report that examines how …