American Banker, Oct. 20, 2022–Kate Berry (subscription)An appeals court decision that invalidated the Consumer Financial Protection Bureau’s payday lending rule has far broader implications, potentially opening all of the agency’s …
Category: Top National News
FHA Share Grew in 3Q22 Agency Purchase Lending
Inside Mortgage Finance, Oct. 20, 2022–John BancroftThe agency secondary market saw a modest increase in purchase-mortgage business from the second to the third quarter of 2022, but private mortgage insurers …
What To Expect From Regulators Post-Midterms
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 …
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 …