Reuters, Dec. 22, 2021–Kanishka SinghPresident Joe Biden said on Wednesday that his administration was extending the pause on student loan repayment for an additional 90 days, citing impacts of the …
Category: Top National News
Biden’s Build Back Better Bill Targets Foreign Real Estate Investors’ Tax Moves
Wall Street Journal, Dec. 21, 2021–Konrad Putzier (subscription)In a bid to raise funding for their roughly $2 trillion social-spending bill, Democrats are targeting foreign real estate investors.https://www.wsj.com/articles/bidens-build-back-better-bill-targets-foreign-real-estate-investors-tax-moves-11640091603?
More Servicing Packages Ready for the Auction Block
Inside Mortgage Finance, Dec. 21, 2021–Paul MuoloWith the books almost closed on 2021, several advisory firms are already lining up new auctions of bulk mortgage servicing rights for the early …
Freddie Mac Misses Low-Income Refinance Goal
HousingWire, Dec. 20, 2021–Georgia KromreiFannie Mae met all of the housing goals the Federal Housing Finance Agency imposed for 2020, but Freddie Mac failed its low-income refinance goal.https://www.housingwire.com/articles/freddie-mac-misses-low-income-refinance-goal/
Banks Beat the Fed in MBS Investments in 3Q but Not By Much
Inside Mortgage Finance, Dec. 17, 2021–John BancroftThe commercial banking industry barely held on as the top investor class in residential MBS during the third quarter, according to a new Inside …
Headwinds Confronting the Mortgage Industry in 2022
HousingWire, Dec. 17, 2021–Ravi CorreaThe Mortgage Bankers Association forecasted refinancing volume will decrease by nearly $1 trillion in 2022. Such a massive drop would create high-level risk for the financials …
Customer Satisfaction Falls at Big Banks Amid Staffing Challenges
American Banker, Dec. 16, 2021–Laura Alix (subscription)Consumer financial health has steadily fallen since May, according to monthly field surveys that J.D. Power has conducted since the onset of the COVID-19 …
Plenty of Home Equity but Consumers Just Aren’t Tapping It
Inside Mortgage Finance, Dec. 16, 2021–John BancroftU.S. homeowners continue to show little interest in tapping the equity implied by soaring house-price appreciation, according to a new Inside Mortgage Finance analysis …
Republicans Seek to Undercut CFPB Chief’s Role at FDIC
National Mortgage News, Dec. 15, 2021–Brendan Pedersen (subscription)House Republicans are trying to put pressure on the three Democratic members of the Federal Deposit Insurance Corp. board of directors currently locked …
Can Cash-out Refis Buffer the Layoff Picture?
Inside Mortgage Finance, Dec. 15, 2021–Paul MuoloThe great mortgage hiring boom, in which residential lenders increased their employee base by 22.7% over the past two years, appears to be over.https://www.insidemortgagefinance.com/articles/223281-can-cash-out-refis-buffer-the-layoff-picture?v=preview