National Mortgage News, June 25, 2021–Brad Finkelstein (subscription)The Supreme Court decision cleared the way for further revisions to the agreements between the Federal Housing Finance Agency and the Treasury, which …
Category: Top National News
During Covid-19, Most Americans Got Richer—Especially the Rich
Wall Street Journal, June 27, 2021–Orla McCaffrey, Shane Shifflett (subscription)The coronavirus pandemic plunged Americans into recession. Instead of emerging poorer, many came out ahead. U.S. households added $13.5 trillion in …
New Forbearance Requests Remain at Extremely Low Level – MBA
Mortgage Professional America, June 23, 2021–Candyd MendozaThe total number of loans in forbearance fell 11 basis points from 4.04% of servicers’ portfolio volume the prior week, as of June 13. …
The Housing Market Is Still Hot. That’s Good News for These Three Mortgage Insurers
Barron’s, June 24, 2021–Daren FondaAbout 4% of mortgages were in forbearance at the end of May, according to the Mortgage Bankers Association. The rate is coming down, but a day …
JPMorgan Invests in Mortgage Clearinghouse
Wall Street Journal, June 22, 2021–Matt Wirz and Ben Eisen (subscription)JPMorgan Chase & Co. is redoubling efforts to revive a type of mortgage that largely died out after the last …
U.S. Watchdog to Adopt Mortgage Moratorium Rule with Some Exclusions–Sources
Reuters, June 22, 2021–Katanga JohnsonThe Consumer Financial Protection Bureau in coming weeks will adopt a rule requiring mortgage servicers to give struggling homeowners until next year to resume repayments, but …
Fed Officials: Faster Bond Taper Could Keep Options Open on Rate Hike
Reuters, June 21, 2021–Howard Schneider and Jonnelle MarteTwo regional Federal Reserve officials said Monday that a faster withdrawal from the central bank’s bond purchase program could give it more leeway …
How CBRE’s Repositioning Team Plans to Reinvent the Mall
Wealth Management Real Estate, June 21, 2021–Tom MartinAs malls and shopping centers look to recover from COVID-19, many are redefining themselves. Regional malls were declining prior to 2020, but the …
Why Servicers May Not Need to Staff Up for Forbearance Outcomes
National Mortgage News, June 21, 2021–Bonnie Sinnock (subscription)So far companies plan on using roughly the same number of employees as they shift from handling payment suspensions to assessing borrowers who …
PACE: Last Week Tonight with John Oliver
HBO, June 21, 2021–John OliverJohn Oliver explains how PACE, a program meant to pay for environmentally-friendly home renovations, is fundamentally flawed and can put people at risk of losing their …