National Mortgage News, Jan. 28, 2021–Hannah Lang (subscription)A little more than a week into President Biden’s term, mortgage industry experts and investors are already pricing in a long-awaited reduction in …
Category: Top National News
Calif. Lawmakers, Lenders Stepping Up to Help Landlords
Orange County Register, Dec. 28, 2021–Jeff LazersonRental assistance for low-income tenants will help some landlords recover back rent accumulated during the pandemic, while relaxed mortgage rules will help others refinance …
More Mortgage Relief Is Coming for Homeowners, Bond Market Says
Bloomberg, Jan. 28, 2020–Christopher MaloneyThe clock is winding down on a U.S. government program that is allowing about 2.7 million homeowners to stop making mortgage payments, but bond investors believe …
Landlord and Tenant Groups Join Forces to Stave Off Evictions
Wall Street Journal, Jan. 27, 2021–Will Parker (subscription)A collapse in apartment rent collection during the pandemic is forging one of New York’s most unlikely political alliances. The Real Estate Board …
Consumer Financial Protection Bureau, Muzzled Under Trump, Prepares to Renew Tough Industry Oversight
Washington Post, Jan. 27, 2021–Tory NewmyerThe Consumer Financial Protection Bureau, the watchdog created after the 2008 financial meltdown and largely muzzled in the Trump era, is poised to start barking …
Biden’s Candidate for SEC Chairman Is Expected to Be Tough on Companies
Wall Street Journal, Jan. 27, 2021–Mark Maurer (subscription)Gary Gensler, President Biden’s pick to run the Securities and Exchange Commission, is expected to seek higher fines and new disclosure requirements for …
A Large FHA Premium Cut Could Tilt Market Away from Private Insurers
National Mortgage News, Jan. 26, 2021–Brad Finkelstein (subscription)Investor concerns about a 25 basis point reduction taking business from private insurers might be overblown, but a 50 bp cut could affect …
NewRez Resumes Non-QM Lending After Pandemic Pause
National Mortgage News, Jan. 25, 2021–Paul Centopani (subscription)The subsidiary of New Residential Investment produced nearly $400 million in non-QM volume in the first quarter of 2020 before putting a hold …
Saved Stimulus Checks Expected to Help Spur Economic Recovery
Wall Street Journal, Jan. 26, 2021–Harriet Torry (subscription)Americans saved $1.4 trillion in the first three quarters of 2020, or about twice as much as in the same period of the …
Financial Firms Brace for Biden’s Consumer Agency Chief
The Hill, Jan. 26, 2021–Sylvan LanePresident Biden’s pick to lead the Consumer Financial Protection Bureau, Rohit Chopra, is expected to embolden the powerful agency with a more aggressive approach to …