Inside Mortgage Finance, Aug. 27, 2021–John BancroftReal estate investment trusts focused on the residential mortgage market reduced their holdings of MBS during the second quarter, according to a new Inside …
Category: Top National News
Report Finds Racial Bias in Mortgage AI Decisioning; MBA Fires Back
National Mortgage News, Aug. 27, 2021–Paul Centopani (subscription)Even decades after the establishment of the Fair Housing and Equal Credit Opportunity Acts, loan denial rates skew heavily toward non-white borrowers, according …
‘Night and Day:’ FHFA’s Priorities Rapidly Changing Under New Leader
National Mortgage News, Aug. 27, 2021–Hannah Lang (subscription)The Federal Housing Finance Agency in the Trump administration had been preoccupied with Fannie Mae and Freddie Mac’s capital position. Acting Director Sandra …
Private Flood Policies Bear Scrutiny
UExpress, Aug. 27, 2021–Lew SichelmanBecause of climate change, Spencer Glendon — a senior fellow at the Woodwell Climate Research Center, one of the world’s most respected climate think tanks — …
Supreme Court Blocks Biden Eviction Moratorium
The Hill, Aug. 26, 2021–John KruzelIn a ruling that appeared to break along familiar ideological lines, the conservative-majority court lifted the stay on a federal judge’s order which found the …
Fannie Mae Flags up COVID and Supply Chain Shortage Concerns
Mortgage Professional America, Aug. 26, 2021–Richard TorneCOVID-related disruptions to consumer spending and supply chains will have a greater impact on the US economy in the second half of the year …
Mortgage Market Nearly Crashed in Early COVID-19 Days
Orange County Register, Aug. 26, 2021–Jeff LazersonAt 9 p.m. Saturday, March 21, Mortgage Bankers Association President Robert Broeksmit sent an email to Federal Reserve Chairman Jerome Powell and then-Treasury Secretary …
The Housing Industry’s Disparate Impact Hopes
HousingWire, Aug. 25, 2021–Georgia KromreiMortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development’s proposed reinstatement of its 2013 disparate impact …
New MISMO Standards are Critical to a Growing PLS Market
HousingWire, Aug. 25, 2021–Seth AppletonIn this op-ed, MISMO President Seth Appleton says MISMO has been developing a modern, standardized data set to facilitate the electronic exchange of information to the …
Private Mortgage Insurance Took Even More Business from FHA in 2Q
National Mortgage News, Aug. 23, 2021–Brad Finkelstein (subscription)However, the pace of growth at the six active underwriters should moderate over the next two years, Keefe, Bruyette & Woods said.https://www.nationalmortgagenews.com/news/private-mortgage-insurance-took-even-more-business-from-fha-in-2q