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 …
Category: Top National News
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 …
Supreme Court Decision on FHFA Expected at Any Time
HousingWire, June 1, 2021–Georgia KromreiA Supreme Court decision which will determine if the Biden administration can fire the Federal Housing Finance Agency (FHFA) director will arrive before the month’s end.https://www.housingwire.com/articles/supreme-court-decision-on-fhfa-expected-at-any-time/
What’s the Impact of the End of Forbearance?
Mortgage Professional America, June 1, 2021–David KitaiOn June 30, the federal forbearance program is set to end. While it’s been extended a few times before, it appears that given the …
Is Rise in Forbearance Volume Cause for Concern?
DSNews, May 28, 2021–Christina Hughes BabbForbearance numbers from the Mortgage Bankers Association earlier this week look similar to Black Knight’s data but did show a decline in overall forbearances rather …