Washington Post, March 12, 2021–Christopher IngrahamHomeowners in America’s poorest neighborhoods face effective property tax rates roughly double those levied on the richest ones, according to a massive new study by …
Category: Top National News
Omar Reintroduces Bill Seeking to Cancel Rent, Mortgage Payments During Pandemic
The Hill, Mar. 11, 2021–Celine CastronuovoUnder the bill, titled the Rent and Mortgage Cancellation Act, there would be no accumulation of debt for renters or homeowners, as well as no …
Close To Half Of All Americans Missed Rent Or Mortgage Payments
National Mortgage Professional, Mar. 11, 2021–Navi PersaudA report from GOBankingRates explored how U.S. renters and homeowners fared during the COVID-19 pandemic as the one-year mark approaches. The report found that …
Cash-Out Refinancings Hit Highest Level Since Financial Crisis
Wall Street Journal, Mar. 11, 2021–Orla McCaffrey (subscription)U.S. homeowners cashed out $152.7 billion in home equity last year, a 42% increase from 2019 and the most since 2007, according to …
Lenders Urge Biden to Remove GSE Cap on ‘High-Risk’ Loans
American Banker, Mar. 11, 2021–Hannah Lang (subscription)Instead of imposing limitations on the high-risk loans Fannie and Freddie can purchase, the FHFA could have relied on its own capital framework and …
Senate Banking Committee Approves Biden’s Picks to Head CFPB, SEC
American Banker, Mar. 10, 2021–Neil Haggerty (subscription)President Biden’s picks to lead the Consumer Financial Protection Bureau and the Securities and Exchange Commission have been approved by the Senate Banking Committee …
Landlords and Tenants Need More Information on Rental Assistance and Eviction Moratorium Policies
Urban Institute, Mar. 9, 2021–Laurie Goodman, Jung Hyun ChoiThe researchers discuss findings from an Avail survey of mom-and-pop landlords and tenants. Fewer than half of landlords and fewer than a …
MBA’s Affordable Housing Initiatives: Steve O’Connor
Trailblazers Impact, Mar. 9, 2021As senior vice president for affordable housing initiatives at the Mortgage Bankers Association, Steve O’Connor is rolling out affordable housing initiatives in several cities. Steve’s role …
Foreclosure Looms for Nile Niami’s Infamous Mega-Mansion ‘The One’
Los Angeles Times, Mar. 8, 2021–Jack FlemmingNile Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the …
Yellen Expects U.S. Economy to Return to Full Employment in 2022
Wall Street Journal, Mar. 8, 2021–Paul Kiernan (subscription)The $1.9 trillion Covid-19 relief package passed by the Senate should allow the U.S. economy to return to full employment in 2022, Treasury …