DSNews, April 20, 2021–Christina Hughes BabbTwo U.S. government agency members who hold positions vital to the housing finance world Tuesday addressed mortgage bankers attending a virtual conference. (MBA mention)https://dsnews.com/daily-dose/04-20-2021/fudge-calabria-discuss-housing-affordability-equity-and-more
Category: Top National News
Increasing Racial and Ethnic Diversity Will Drive Homeownership over the Next Two Decades
Urban Institute, Apr. 20, 2021–Laurie Goodman, Jun ZhuUI says its projections for Texas, Georgia, California and Minnesota—states with very different racial and ethnic compositions—show the wide range of homeownership trajectories …
More Homeowners are Leaving Mortgage Forbearance–But Still Need Help
Yahoo! Money, Apr. 20, 2021–Janna Herron“Borrowers are entering a deferral plan or mortgage modification,” Mortgage Bankers Association Chief Economist Mike Fratantoni said. “Maybe they’re back at their job and can …
What Agency Limits on Investment Lending Mean for Mortgage
Mortgage Professional America, Apr. 20, 2021–David KitaiThe Federal Housing Finance Agency’s decision to scale back its purchases of second-home and investment property mortgages to 7% of a lender’s total pipeline …
CFPB Rule Gives Renters Right to Sue Debt Collectors over Evictions
National Mortgage News, Apr. 19, 2021–Neil Haggerty (subscription)The agency’s new policy requires collectors seeking to evict tenants to provide written notice of their rights under a federal moratorium.https://www.nationalmortgagenews.com/news/cfpb-rule-gives-renters-right-to-sue-debt-collectors-over-evictions
Fearing Foreclosure Crisis, U.S. Watchdog Cracks Down on Mortgage Servicers
Reuters, Apr. 19, 2021–Koh Gui Qing, Katanga JohnsonPete Mills of the Mortgage Bankers Association pointed out that “record numbers” of Americans had so far exited forbearance without losing their homes …
Mall Department Stores Were Struggling. The Pandemic Has Pushed Them to the Edge of Extinction
Washington Post, April 16, 2021–Abha BhattaraiDepartment stores, once a middle-class mainstay of convenience and indulgence, had been spiraling downward long before the pandemic turbocharged online shopping and helped tip a …
Three Non-QM Industry Leaders Weigh in on Agency Restrictions to Investment Property Lending
Mortgage Professional America, Apr. 16, 2021–David KitaiDespite consistent growth in the second property and investment property purchase markets, Fannie and Freddie recently announced they would be limiting their purchases of …
Mortgage, Car Loans or Credit Cards: Here’s What Bills People Paid First During the Pandemic
CNN, Apr. 15, 2021–Anna BahneyMaking mortgage payments took priority over other forms of debt payments during the past year, as the home became an essential place for Americans to work, …
Biden SEC Pick Gary Gensler Confirmed to Police Wall Street
Bloomberg, Apr. 14, 2021–Benjamin BainThe onetime Obama CFTC chief wins Senate confirmation by a 53-to-45 vote.https://www.bloomberg.com/news/articles/2021-04-14/gensler-confirmed-for-sec-setting-him-up-to-police-wall-street?srnd=premium