Washington Post, Oct. 23, 2020–Michelle SingletaryPick up and move our Black neighborhood of doctors, teachers, police officers and small-business owners just 20 miles west to a White subdivision with a …
Category: Top National News
CFPB Staff Shake-up Seen Hampering Investigations
American Banker, Oct. 22, 2020–Kate Berry (subscription)The agency’s consolidation of supervision and enforcement policy into one office could compromise the independence of those deciding when to investigate alleged wrongdoing by …
Reverse Mortgages Available to Borrowers as Young as 60
Orange County Register, Oct. 22, 2020–Jeff LazersonCan’t wait two years to get a reverse mortgage? Now you don’t have to. People as young as 60 can get these looking-glass loans …
Landlords Challenge U.S. Eviction Ban and Continue to Oust Renters
Bloomberg, Oct. 22, 2020–Kriston CappsA lawsuit backed by the National Apartment Association and other challenges aim to undo the national eviction moratorium ordered by the CDC.https://www.bloomberg.com/news/articles/2020-10-22/landlords-launch-legal-attack-on-cdc-eviction-ban?srnd=premium
Do Lending Institutions Have a Discrimination Problem?
Mortgage Professional America, Oct. 22, 2020–Ryan SmithSeveral Senate Democrats on Wednesday introduced a bill that would prohibit financial institutions from discriminating against customers.https://www.mpamag.com/news/do-lending-institutions-have-a-discrimination-problem-236942.aspx
Mortgage Servicers Seek to Reach Distressed Borrowers ‘Ghosting’ Them
National Mortgage News, Oct. 22, 2020–Bonnie Sinnock (subscription)“I think we’re all kind of puzzled by customers who haven’t raised their hands for help,” Dana Dillard, executive vice president at Mr. …
Why The Mortgage Refinance Window Could Close in the Coming Months
BankRate, Oct. 22, 2020–Jeff OstrowskiAmerican homeowners will refinance mortgages worth nearly $1.8 trillion this year as they lock in historically low rates. However, the window of opportunity for refinancing into …
Calabria to Seek Input on Future Fannie/Freddie Policies
Mortgage News Daily, Oct. 20, 2020–Jann SwansonMark Calabria, director of the Federal Housing Finance Agency used the annual convention and expo of the Mortgage Bankers Association to announce changes in …
Millions Of Homes Are At Risk Of Wildfires, But It’s Rarely Disclosed
NPR, Oct. 21, 2020–Lauren SommerMillions of people in the West move into fire-prone landscapes without getting any warning about that risk from the government, real estate agents or sellers. Almost …
In a Bid for Stability, FHFA and FHA Extend Forbearance Policies
HousingWire, Oct. 21, 2020–Alex RohaThe extension means some borrowers may not exit forbearance until Dec. 31.https://www.housingwire.com/articles/in-a-bid-for-stability-fhfa-and-fha-extend-forbearance-policies/