American Banker, Nov. 23, 2020–Jim Dobbs (subscription)Hospitality sector credits are coming out of forebearance just as coronavirus cases surge. Restructurings and charge-offs could mount unless vaccine distribution happens quickly enough …
Category: Top National News
Millions of Americans Expect to Lose Their Homes as Covid Rages
Bloomberg, Nov. 23, 2020–Alexandre TanziMillions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S.About …
Closing the Gaps: Building Black Wealth through Homeownership
Urban Institute, Nov. 23, 2020–Alanna McCargo, Jung Hyun ChoiThis report reviews the critical role housing equity plays in building wealth for Black families, reviews the historical factors that have contributed …
GOP Readies Counterpunch if Biden Removes CFPB Chief
National Mortgage News, Nov. 23, 2020–Kate Berry (subscription)The president-elect has legal backing to fire Director Kathy Kraninger thanks to a recent court ruling, but Republicans are prepared to challenge his …
Revisiting Regulations for Nonbank Mortgage Lenders
DS News, Nov. 23, 2020–Phil HallFederal Reserve Governor Michelle Bowman last week suggested revisiting the regulatory framework that defines how nonbank mortgage lenders operate.https://dsnews.com/daily-dose/11-23-2020/revisiting-the-regulatory-framework-for-nonbank-mortgage-lenders
Former Subprime Player Claims He Can Now Short the Mortgage Market for Climate and Covid Risks
CNBC, Nov. 23, 2020–Diana OlickDuring the mortgage bubble in the early 2000s, when investors were feverishly trading faulty subprime bonds, a few savvy skeptics recognized the bonds were doomed, so …
RMBS Then and Now: Do Securitized Home Loans Still Matter?
The Real Deal (New York) Nov. 23, 2020–Sylvia Narnham O’Regan, Orion Jones (subscription)Between April and June, when the pandemic went from a shocking jolt to a daily reality, a record …
Rising Mortgage Delinquencies to Show up in 2021
Credit Union Times, Nov. 23, 2020 –Jim DuPlessisThe refinance boom is edging toward its third birthday, but like all good parties, it will be coming to an end. Mike Fratantoni, …
‘Big War’ in Bonds Escalates as Tresury Rift Puts Fed in Play
Bloomberg, Nov. 22, 2020–Liz McCormickU.S. government debt just logged its best week since August after the Treasury demanded the Fed return unused funds from emergency lending programs, a request the …
For Fannie and Freddie, Big Decisions Await
Multi-Housing News, Nov. 20, 2020–Paul FiorillaJoe Biden’s victory has thrown a wrench into the Trump administration’s efforts to privatize Fannie Mae and Freddie Mac, but appointees in charge of the …