The Hill, Jan. 2, 2020–Sylvan LaneWhile the housing boomlet has benefited homeowners, the recession has pushed many Americans further away from having the financial security to buy their first house. …
Category: Top National News
Black Homeowners Struggle to Get Insurers to Pay Claims
New York Times, Dec. 29, 2020–Emily FlitterBlack policyholders suspect discrimination as they deal with insurers, but it is impossible to prove because the insurers keep a lid on claims data.https://www.nytimes.com/2020/12/29/business/black-homeowners-insurance-claim.html?campaign_id=2&emc=edit_th_20201230&instance_id=25495&nl=todaysheadlines®i_id=42063674&segment_id=48030&user_id=e670283fb4fff3d4391d6f88569ad498
Here’s What Mortgage Forbearance Looked Like in 2020
HousingWire, Dec. 29, 2020–Tim GlazeToday, 2.7 million homeowners remain in forbearance – with more than 78% of them in an extension plan, according to the Mortgage Bankers Association Forbearance and …
New York Bans Most Evictions as Tenants Struggle to Pay Rent
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 …
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 …