Wall Street Journal, Mar. 16, 2021–Peter Grant (subscription)The badly battered lodging business is stirring to life, roused by hotel owners and investors betting that bookings will pick up when Covid-19 …
Category: Top National News
Redlined, Now Flooding
Bloomberg, Mar. 15, 2021–Kriston Capps, Christopher CannonMaps of historic housing discrimination show how neighborhoods that suffered redlining in the 1930s face a far higher risk of flooding today.https://www.bloomberg.com/graphics/2021-flood-risk-redlining/?srnd=premium
FHA Adopts SOFR For Adjustable-Rate Reverse Mortgages, Drops LIBOR
National Mortgage Professional, Mar. 12, 2021–Navi PersaudThe Federal Housing Administration revealed that the Home Equity Conversion Mortgage program will be dropping the London Interbank Offered Rate index for adjustable-rate HECMs. …
Homes in Poor Neighborhoods Are Taxed at Roughly Twice the Rate of Those in Rich Areas, Study Shows
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 …
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 …