American Banker, Mar. 1, 2021–Brendan Pedersen (subscription)During the Trump era, the bank regulators couldn’t see eye to eye on how to modernize the Community Reinvestment Act. But a looming leadership …
Category: Top National News
Mall Values Plunge 60% After Reappraisals Triggered by Bad Debt
Bloomberg, Mar. 1, 2021–John GittelsohnU.S. mall values plunged an average 60% after appraisals in 2020, a sign of more pain to come for retail properties even as the economy emerges …
Millions of Tenants Fall Further Behind on Rent as They Await Federal COVID-19 Assistance
Wall Street Journal, March 1, 2021–Andrew Ackerman, Will Parker (subscription)Many states have yet to distribute $25 billion they received from the Treasury Department to help renters.https://www.wsj.com/articles/millions-of-tenants-fall-further-behind-on-rent-as-they-await-federal-covid-19-assistance-11614594602?
DOJ Files Appeal of Trump-Appointed Judge’s Ruling on CDC Eviction Moratorium
CNN, Feb. 27, 2021–Jessica SchneiderThe Department of Justice has filed an appeal of a federal judge’s decision this week that declared the US Centers for Disease Control and Prevention eviction …
CFPB Pick’s Past Statements Set Stage for Testy Confirmation Hearing
American Banker, Feb. 26, 2021–Kate Berry (subscription)Rohit Chopra, President Biden’s nominee to lead the Consumer Financial Protection Bureau, has not minced words in calling out private companies for wrongdoing. He …
Women Pay Higher Mortgage Rates in 49 States
HousingWire, Feb. 26, 2021–James KleimannDespite the fact that single women are statistically less likely to default on their mortgages than single men.https://www.housingwire.com/articles/women-pay-higher-mortgage-rates-in-49-states/
Millennials Still Struggle To Obtain Down Payments
National Mortgage Professional, Feb. 26, 2021–Navi PersaudA 2021 Millennial Homebuyer Report from Clever revealed that millennials are still struggling to afford the traditional 20% down payment, despite having more money …
American Homeowners are Adding Fuel to Bond Market Sell-Off
Bloomberg, Feb. 25, 2021–Christopher Maloney, Liz McCormickThere comes a point in any big selloff in Treasury bonds when the move becomes so pronounced that it starts to feed on itself. …
Texas Loss Drafts Surge as Servicers Face Widespread Property Damage
National Mortgage News, Feb. 25, 2021–Bonnie Sinnock (subscription)Mortgage companies are working to forge links with homeowners’ insurers to avoid delays that could compound damage to customer service and properties.https://www.nationalmortgagenews.com/news/how-the-texas-storm-will-test-mortgage-servicers
The Number of Hispanic Households Will Skyrocket by 2040. How Can the Housing Industry Support Their Needs?
Urban Institute, Feb. 25, 2021–Laurie Goodman, Jun ZhuHispanic households will account for 70 percent of net new homeowners between 2020 and 2040. Despite the many barriers to homeownership they face, …