New York Times, Dec. 29, 2020–Dana RubensteinThe New York Legislature on Monday overwhelmingly passed one of the most comprehensive anti-eviction laws in the nation, as the state contends with high …
Category: Top National News
Improving the Safety and Soundness of Nonbank Mortgage Servicers Will Require More Than Prudential Regulation
Urban Institute, Dec. 2020–Karan Kaul, Laurie GoodmanThe authors say given nonbank risks are mostly liquidity in nature, we conclude that the most effective path forward is to pair prudential regulation …
Biden Builds Team to Get Aggressive on Regs
The Hill, Dec. 27, 2020–Rebecca Beitsch, Morgan ChalfantPresident-Elect Joseph Biden will face a divided Senate when he takes office that could be controlled by Majority Leader Mitch McConnell (R-Ky.) depending …
States Square Off Over Taxing Remote Workers’ Income
Wall Street Journal, Dec. 23, 2020–Jimmy Vielkind (subscription)More than a dozen states submitted legal briefs this week to weigh in on a petition that New Hampshire filed with the court …
Waters, Brown Urge Mnuchin to Halt Housing Finance Reforms
American Banker, Dec. 23, 2020–Neil Haggerty (subscription)The top Democrats on the House and Senate banking committees urged the Trump administration to halt any plans to reform the U.S. housing finance …
‘Troubling Trends’ Could Result in Increased Forbearance Activity
DSNews, Dec. 22, 2020–Phil HallNew data published by the Mortgage Bankers Association has tracked a slight increase in the number of mortgages now in forbearance.https://dsnews.com/daily-dose/12-22-2020/troubling-trends-could-result-in-increased-forbearance-activity
FHA Extends Forbearance Request Deadline after CSBS Seeks Specifics
National Mortgage News, Dec. 22, 2020–Bonnie Sinnock (subscription)The FHA’s deadline was extended as part of its latest renewal of other coronavirus-related contingencies. The move follows a request from state regulators …
Mortgage Debt Continues Its Long-Running Upward Trajectory
GlobeSt.com, Dec. 22, 2020–Les ShaverDespite a significant fall-off in acquisition financing in the last two quarters, loan refinancings, particularly for FHA, Fannie Mae, Freddie Mac and bank balance sheets, helped …
Congress Approves $900B COVID Relief Bill, Sends to Trump
Associated Press, Dec. 22, 2020–Andrew TaylorLawmakers tacked on a $1.4 trillion catchall spending bill and thousands of pages of other end-of-session business in a massive bundle of bipartisan legislation as …
The Mortgage Refinance Window Could End Soon–Here’s Why You Should Act Now
Fox Business, Dec. 21, 2020–Lauren Bowling2020 will always be remembered as the year of the coronavirus pandemic. In the future, however, consumers and economists will also look back on 2020 …