HousingWire, Feb. 1, 2021–Kelsey RamirezLast year brought with it one of the most surprising years housing has ever seen, but for mortgage servicers, their work has only just begun. (MBA …
Category: Top National News
33 State Attorneys General Challenge PHH Mortgage’s Servicing Fees
National Mortgage News, Feb. 1, 2021–Paul Centopani (subscription)A bipartisan group, led by New York’s Letitia James and Minnesota’s Keith Ellison, filed a motion against PHH Mortgage and its predecessor corporation …
Manhattan Office Supply Hits Record High With Skyscrapers Empty
Bloomberg, Feb. 1, 2021–Natalie WongThere’s a record amount of office space available in Manhattan. With workers stuck at home, the office availability rate rose to 14.9% in January, the highest …
Why Fannie’s Appetite for Green Single-Family Loans is Growing
National Mortgage News, Feb. 1, 2021–Bonnie Sinnock (subscription)Issuance of securitizations backed by these loans is becoming more dependable, and Fannie will need more mortgages that finance newly-built energy-efficient homes to …
Mortgage-Bond Returns Defied Multiple Headwinds in Stellar Month
Bloomberg, Feb. 1, 2021–Christopher MaloneyMortgage investors enjoyed a robust start to the year as January’s excess return came in at a level well above the trailing average for the month, …
The Evidence Supports the CFPB’s New Seasoning Pathway to Safe Harbor
Urban Institute, Jan. 29, 2021–Karan Kaul, Laurie Goodman, Jun ZhuThis brief analyzes historical loan performance to study the CFPB’s newly issued Seasoning QM Rule, which would provide a 3-year pathway …
CFPB Doubles Down on Mortgage Servicing Enforcement
HousingWire, Jan. 29, 2021–Kelsey RamirezThe new acting director of the Consumer Financial Protection Bureau, Dave Uejio, told staff in an email on Thursday that the bureau will direct its attention …
New CFPB Boss Vows to Get Tough on Military Lending, Pandemic Relief Laws
National Mortgage News, Jan. 29, 2021–Kate Berry (subscription)Dave Uejio, acting director of the Consumer Financial Protection Bureau, promised to protect veterans from predatory loans and to crack down on companies …
U.S. Household Income, Savings Rose at End of Last Year
Wall Street Journal, Jan. 29, 2021–Josh Mitchell (subscription)U.S. household income rose for the first time in three months in December as a new round of government-aid efforts kicked in, priming …
Lawmakers Propose Tax Credit for Struggling Homes and Businesses
Accounting Today, Jan. 29, 2021–Michael CohnSens. Rob Portman, R-Ohio, and Ben Cardin, D-Maryland, who are both members of the Senate Finance Committee, introduced a bipartisan bill Thursday, the Neighborhood Homes …