American Banker, Mar. 3, 2021–John Reosti (subscription)The Small Business Administration is still writing rules for the Paycheck Protection Program two months after its relaunch. Lenders fear they may not have …
Category: Top National News
Big Banks Don’t Need Further Relief from Capital Rule: Warren, Brown
American Banker, Mar. 2, 2021–Hannah Lang (subscription)Sens. Elizabeth Warren and Sherrod Brown urged regulators not to give in to industry requests to extend a temporary policy easing compliance with the …
Florida’s Flood Disclosure Rules Leave Homebuyers in the Dark
Bloomberg, Mar. 2, 2021–Leslie KaufmanThere are few places to purchase a home in the U.S. that have a greater risk of flooding than on the coast of Florida. But sellers …
Interagency Breakthrough on CRA Looks to Be in Reach
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 …
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 …