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 …
Category: Top National News
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 …
Biden Administration Likely to Cut FHA Premiums Despite Credit Risk
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 …
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 …