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
Category: Top National News
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 …
What’s Holding Up the Confirmation of the Next CFPB Chief?
National Mortgage News, May 28, 2021–Kate Berry (subscription)With Rohit Chopra’s nomination now in its fourth month, some of the consumer bureau’s rulemaking efforts remain on hold. Analysts attribute the delay …
Mortgage Refinancing Saved Americans $2,800 Annually
Fox Business, May 28, 2021–Ken MartinThe coronavirus essentially shut down the U.S. economy in 2020. If a homeowner had the opportunity, going the refinance route was the way to go.https://www.foxbusiness.com/personal-finance/mortgage-refinance-saved-americans-money-annually
Credit Scores Don’t Predict Mortgage Default Risk
Orange County Register, May 27, 2021–Jeff LazersonA new government study shows loans to borrowers with high credit scores are no safer than those to borrowers with low scores. (MBA mention)https://www.pe.com/2021/05/27/credit-scores-dont-predict-mortgage-default-risk/
Bank of America and Chase Could Restart Foreclosures As Early as July, But Wells Fargo is Waiting Until 2022
CNBC, May 27, 2021–Megan LeonhardtAbout 2.1 million homeowners are still in forbearance plans that suspend their mortgage payments, according to Mortgage Bankers Association’s latest data. And about 1.8 million families …