National Mortgage News, Mar. 22, 2021–Bonnie Sinnock (subscription)The Consumer Financial Protection Bureau’s acting director has said he could rethink the pending Fair Debt Collection Practices Act rules, but a report …
Category: Top National News
The CFPB’s New Team Has a Message for Banks It Regulates: We’re Back
Bloomberg, Mar. 23, 2021–Jeff Kearns, Hannah LevittWith a new boss on the way, the consumer protection agency is knocking on doors and asking tough questions.https://www.bloomberg.com/news/articles/2021-03-23/biden-s-cfpb-head-rohit-chopra-expected-to-be-tougher-than-trump-s-on-banks?srnd=premium
The Pandemic Has Boosted Homeownership and Home-Related Spending
Dartmouth University, March 22, 2021–Kirk KardashianDartmouth University Professor Brian Melzer studied the close connection between home buying and spending on durable goods such as furniture, appliances and home-improvement items. The …
Why Some Landlords Don’t Want Any of the $50 Billion in Rent Assistance
Wall Street Journal, March 19, 2021–Will Parker (subscription)A federal program designed to help people avoid eviction by paying their rent is running into an unexpected hurdle: Some landlords are turning …
House-Flipping Lenders Are Throwing Cash at a Red-Hot U.S. Market
Bloomberg, Mar. 19, 2021–By Christopher Maloney, Adam Tempkin, Shahien NasiripourThere are more than 60 banks and other firms financing flippers today, according to AlphaFlow, an investment firm that buys real …
Banking Regulators Will Let Temporary Capital Relief Expire as Scheduled
American Banker, Mar. 19, 2021–Hannah Lang (subscription)The decision is seen as a setback for the banking industry, which had been pushing for an extension, and a win for Democrats, who …
Analysis: U.S. Bond Market Feels Like ‘Coiled Spring’ after Fed Meeting
Reuters, Mar. 18, 2021–Karen Brettell, Kate DuguidInvestors are closely watching how fast U.S. Treasury yields may rise after the Federal Reserve this week reiterated its commitment to loose policies that …
GSEs’ Exit from Conservatorship Estimated to Take 15 Years
National Mortgage News, Mar. 18, 2021–Brad Finkelstein (subscription)Relying on retained earnings alone, it would be until at least 2036, if not longer, before government control of Fannie Mae and Freddie …
U.S. Commercial Mortgage Debt Outstanding Hits $212 Billion in 2020
World Property Journal, Mar. 17, 2021–MIchae GerrityAccording to the Mortgage Bankers Association’s Latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, U.S. commercial/multifamily mortgage debt outstanding at the end of 2020 was …
More Women Have Become Homeowners and Heads of Household. Could the Pandemic Undo That Progress?
Urban Institute, Mar. 16, 2021–Laurie Goodman, Jung Hyun ChoiIn this blog, the researchers explore the data on women’s progress in headship and homeownership over the past 30 years.https://www.urban.org/urban-wire/more-women-have-become-homeowners-and-heads-household-could-pandemic-undo-progress