Associated Press, Dec. 15, 2021–Adriana Gomez, Jim SalterThere was a brief lull in evictions after the ban ended. But housing advocates say they’re on the rise in many parts of …
Category: Top National News
Slow but Steady Growth for the Subservicing Sector
Inside Mortgage Finance, Dec. 14, 2021–Paul MuoloThe nation’s subservicing vendors continued to increase their contract base in the third quarter, ending the period with a processing caseload of $4.030 trillion, …
U.S. Commercial Real Estate Faces $16.9B In Flood Damage By 2052: Report
Benzinga, Dec. 13, 2021–Phil HallNearly 730,000 retail, office and multifamily properties in the continental U.S. face significant risks of flood damage over the next three decades based on dramatic climate …
Evergrande Chairman Forced To Trim Stake As Default Seems Inevitable
National Mortgage Professional, Dec. 13, 2021–Katie JensenThe chairman and co-founder of Evergrande, Hui Ka Yan (Xu Jiayin in Mandarin), has been forced to cut his stake from the company, according …
REITs Are Poised to End Year on High Note
Wealth Management Real Estate, Dec. 13, 2021–David Bodamer With healthy balance sheets and solid commercial real estate fundamentals, publicly traded real estate investment trusts remain on strong footing headed into …
Opinion: CFPB Goes Rogue under Rohit Chopra
National Mortgage News, Dec. 13, 2021–Christopher Whalen (subscription)The CFPB seems to have been turned loose by Chopra in a redux of the bad old days under former director Richard Cordray, …
REIT MBS Holdings Ebb in 3Q21, Annaly Extends Lead
Inside Mortgage Finance, Dec. 10, 2021–John BancroftResidential MBS holdings among top publicly traded real estate investment trusts declined slightly during the third quarter.https://www.insidemortgagefinance.com/articles/223245-reit-mbs-holdings-ebb-in-3q21-annaly-extends-lead?v=preview
Foreclosure Wave Not in the Cards as Mortgage Relief Programs End
Denver Post, Dec. 10, 2021–Aldo Svaldi“Most borrowers, even though they had the ability to skip payments, kept paying,” said Michael Fratantoni, chief economist at the Mortgage Bankers Association during a …
CFPB Finds Forbearance Fee and Fair Lending Issues in Examinations
National Mortgage News, Dec. 8, 2021–Bonnie Sinnock (subscription)Late fees wrongly charged to people in forbearance, and discriminatory lending practices were among the anonymized mortgage-related violations the Consumer Financial Protection Bureau …
U.S. Household Wealth Increase in Q3 Smallest of Pandemic Era, Fed Says
Reuters, Dec. 9, 2021–Ann Saphir, Lindsay DunsmuirU.S. household wealth rose to a record $144.7 trillion at the end of the third quarter, a report from the Federal Reserve showed on …