American Banker, May 7, 2021–Kevin Wack, Alissa Kline (subscription)The banks disclosed this week that they are under scrutiny for conduct that may have harmed consumers. The timing raises questions about …
Category: Top National News
Altisource, Ocwen Resolve Dispute over Default Services for New Residential
National Mortgage News, May 6, 2021–Brad Finkelstein (subscription)The agreement, which is extended for five years, also expands upon the delinquent mortgages services Altisource will provide to Ocwen.https://www.nationalmortgagenews.com/news/altisource-ocwen-resolve-dispute-over-default-services-for-new-residential
Fannie, Freddie Shrink Mortgage Menu During COVID
Orange County Register, May 6, 2021–Jeff LazersonBy all accounts, mortgages are performing nicely during the COVID-19 pandemic. Real estate is roaring. Mortgage rates remain as low as they go. And …
NYC’s Financial District Condos Pile Up as Office Life Retreats
Bloomberg, May 6, 2021–Oshrat CarmielFor both homebuyers and office-seekers, one thing is true about Manhattan’s Financial District: There’s lots of space for the taking.https://www.bloomberg.com/news/articles/2021-05-06/nyc-s-financial-district-condos-pile-up-as-office-life-retreats?srnd=premium
Despite Pandemic, Fewer Homeowners Missing Payments
DSNews, May 6, 2021–Eric C. PeckThe Mortgage Bankers Association’s Research Institute for Housing America found that slightly under five million households did not make their rent or mortgage payments in …
Fannie and Freddie Set Dates for their New Refi Option
HousingWire, May 5, 2021–Alex RohaThe Federal Housing Finance Agency didn’t have a set date for its new refi option targeted to low-income borrowers when it announced the program last week. …
Get Ready To Duck And Cover
National Mortgage Professional, May 5, 2021–Tyna-Minet AndersonA more “aggressive” CFPB is not just something that compliance professionals are warning about — it is a term that the Consumer Financial Protection …
Federal Judge Vacates CDC’s Nationwide Eviction Moratorium
Washington Post, May 5, 2021–Kyle SwensonIn a ruling that could have a tremendous impact on millions of Americans, a federal judge in Washington D.C. on Wednesday ruled that the Centers …
Complaints About Mortgage Servicers are Soaring as Millions of Americans Still Can’t Make Their Monthly Payment
MarketWatch, May 5, 2021–Jacob PassyAlthough the economy has shown significant signs of improvement in 2021 thus far, many homeowners continue to face financial challenges. A new report from the Consumer …
Derby’s Take: Fed’s Williams Flags Potency of Mortgage Bond Buying
Wall Street Journal, May 4, 2021–Michael S. Derby (subscription)The housing market is on fire across the U.S., so why is the Federal Reserve still offering support to that part of …