National Mortgage News, June 8, 2021–Bonnie Sinnock (subscription)The government-sponsored enterprises have been returning to normal underwriting and are buying more loans than last year, but annual limits they have in …
Category: Top National News
Mortgage Servicing Issue in Biden Tax Plan Will Likely Be Avoided: KBW
National Mortgage News, June 7, 2021–Bonnie Sinnock (subscription)The proposal, which imposes a 15% alternative minimum tax on corporations with more than $2 billion in net income, could threaten a deferral …
Federal Student-Loan Loss Forecast Rises by $53 Billion
Wall Street Journal, June 7, 2021–Josh Mitchell (subscription)The Biden administration has raised an estimate of losses on the federal government’s student loan portfolio by $53 billion, reflecting lower repayment rates …
Could Re-Opening Cities Hurt Suburban Housing Markets?
Mortgage Professional America, June 4, 2021–David KitaiThe return of urban markets that do carry some inventory might help relieve pressure on suburban markets, but JArrett Coleman believes that realignment will …
Regulators Back Reduced Cap Levels
Commercial Mortgage Alert, June 4, 2021–Steve Chambers“This has been years in the making, and in the end, they decided it was an important project to get done for yearend reporting …
Two Senior CFPB Enforcement Officials to Leave the Agency
National Mortgage News, June 3, 2021–Kate Berry (subscription)The departures of Bryan Schneider and Peggy Twohig come as the Biden administration’s nominee to run the consumer bureau awaits Senate confirmation.https://www.nationalmortgagenews.com/news/two-senior-cfpb-enforcement-officials-to-leave-the-agency
Late Commercial Mortgages at Lowest Level Since Pandemic Began
National Mortgage News, June 3, 2021–Brad Finkelstein (subscription)Commercial mortgage delinquency rates continue to improve. Aside from a small uptick in multifamily properties, they fell in May to their lowest level …
What to Consider When Tapping Your Home Equity as House Prices Rise
Wall Street Journal, June 2, 2021–Deborah Acosta (subscription)More Americans are tapping their homes for cash, taking advantage of low interest rates and the rise in home values. (MBA mention)https://www.wsj.com/articles/how-to-consider-tapping-your-home-equity-as-house-prices-rise-11622628000
Appeals Court Rejects Bid By Landlords to Resume Evictions
The Hill, June 2, 2021–John KruzelA federal appeals court in Washington, D.C., on Wednesday denied a request by a group of landlords to resume evictions, leaving the temporary nationwide eviction …
Manic Housing Market Needs a Calming Dose of Deregulation
Bloomberg, June 1, 2021–Michael R. StrainThe author says the end of the pandemic will be a stabilizing force, but the supply of homes won’t rise to meet the demand without …