Money, Sept. 21, 2021–Amanda LoudinBuyer’s remorse is fairly common and sometimes leads to the end of real estate deals. Seller’s remorse tends to be more rare, but in today’s fast-moving …
Category: Top National News
Senate Closes In on Vote to Confirm Chopra as CFPB Director
National Mortgage News, Sept. 21, 2021–Hannah Lang (subscription)Senate Majority Leader Chuck Schumer said Tuesday he planned to bring Rohit Chopra’s nomination to serve as director of the Consumer Financial Protection …
How Renters Made Out in the Pandemic
Wall Street Journal, Sept. 20, 2021–Editorial Board (subscription)The Supreme Court last month blocked the Centers for Disease Control and Prevention’s national eviction moratorium. Now, in a belated disclosure, the Consumer …
Historic Home Prices to Whack Owners in Next Year’s Property Tax
Bloomberg, Sept. 20, 2021–Alexandre TanziU.S. homeowners enjoying historic gains in the value of their property will likely face a hit next year through a higher tax bill.https://www.bloomberg.com/news/articles/2021-09-20/historic-home-prices-to-whack-owners-in-next-year-s-property-tax?srnd=premium
Why More Black and Hispanic Homeowners Don’t Refinance Their Mortgage
Consumer Reports, Sept. 20, 2021–Octavio BlancoA recent study by the Federal Reserve Banks of Atlanta, Boston, and Philadelphia found that only 6 percent of all refi applications came from Black …
GSE-Eligible Loans Major Source of Volume in Non-Agency MBS
Inside Mortgage Finance, Sept. 20, 2021–John BancroftRestrictions placed on the government-sponsored enterprises earlier this year prompted a surge of GSE-eligible loans into the non-agency mortgage-backed security market. In the first …
Waters Urges Biden to Nominate FHFA’s Thompson as Agency’s Director
National Mortgage News, Sept. 17, 2021–Hannah Lang (subscription)House Financial Services Committee Chair Maxine Waters is calling on President Biden to name acting Federal Housing Finance Agency Director Sandra Thompson as …
FHFA Proposal Could Revitalize GSE CRT Deals
Inside Mortgage Finance, Sept. 17, 2021–Brandon IveyProposed changes to the capital framework for Fannie Mae and Freddie Mac introduced this week will breathe new life into credit-risk transfer activity at …
Delinquencies Improving For Commercial Mortgages
GlobeSt.com, Sept. 17, 2021–Ted KnutsonDelinquency rates for mortgages backed by commercial and multifamily properties have improved in recent months with the recovery, the Mortgage Bankers Association says. However, Jamie Woodwell, …
Item No. 1 on CFPB’s Packed Agenda: Get a Director
American Banker, Sept. 16, 2021–Kate Berry (subscription)A packed regulatory agenda awaits Rohit Chopra — the Biden administration’s choice to lead the Consumer Financial Protection Bureau — on everything from supervising …