American Banker, Mar. 31, 2022–Jon Prior (subscription)Questionnaires sent to banks in recent months seek information about loans to same-sex couples, women on maternity leave and people with limited English proficiency. …
Category: Top National News
A Large GSE MSR Package Hits the Auction Circuit
Inside Mortgage Finance, Mar. 31, 2022–Paul MuoloIncenter Mortgage Advisors is in the market with a $7.03 billion package of Fannie Mae and Freddie Mac bulk mortgage servicing rights, marking one …
Federal Reserve Warns of ‘Brewing U.S. Housing Bubble’
CBS News, March 31, 2022–Aimee PicchiThe Federal Reserve Bank of Dallas cautioned that the market is showing “signs of a brewing U.S. housing bubble.”https://www.cbsnews.com/news/housing-bubble-2022-federal-reserve-warning/
Can The Office Market Survive the Great Resignation?
GlobeSt.com, Mar. 30, 2022–Erik ShermanOffice occupancy remains a worry for investors, owners, operators and even tenants who want workers back in the office. There’s enough vacant office square footage that …
Fannie Mae COO To Resign in April
National Mortgage Professional, Mar. 30, 2022–David KrechevskyThe revolving door at Fannie Mae continues to spin, with the government-sponsored enterprise notifying federal officials Tuesday that Chief Operating Officer Kimberly H. Johnson …
U.S. Households Face $5,200 Inflation Tax This Year
Bloomberg, Mar. 29, 2022–Andrew Husby, Anna WongInflation will mean the average U.S. household has to spend an extra $5,200 this year ($433 per month) compared to last year for the …
Inside the Government’s Feeble Fight to End Redlining
HousingWire, Mar. 29, 2022–Georgia KromrieThe racial homeownership gap is now wider than it was in 1890. What is not widely known is the role federal banking regulators play in letting …
Mortgage-Related Fraud Indicators Rose By Over 65% in 2021
National Mortgage News, Mar. 29, 2022–Bonnie Sinnock (subscription)Suspicious activity reports filed by the government-sponsored enterprises, along with loan and finance companies, rose sharply in the past year, according to the …
Number of Homeowners That Could Benefit From Mortgage Refinance Drops to 2 Million, Black Knight Says
Fox Business, Mar. 29, 2022–Kelsey RamirezMany homeowners are beginning to lose the incentive to refinance their mortgage amid rising rates, according to mortgage technology and data provider Black Knight, meaning …
Consumer Watchdog Wants Repeat Offender Banks Stripped of Licenses
New York Times, Mar. 28, 2022–Emily FlitterNaming names, Rohit Chopra says big banks and other companies that break rules multiple times should face long-lasting consequences.https://www.nytimes.com/2022/03/28/business/cfpb-banks-regulation.html?campaign_id=2&emc=edit_th_20220329&instance_id=57002&nl=todaysheadlines®i_id=42063674&segment_id=86868&user_id=e670283fb4fff3d4391d6f88569ad498