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 …
Category: Top National News
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 …
Treasury’s Mnuchin Defends Ending Lending Programs, Fires Back at Federal Reserve
Washington Post, Nov. 20, 2020–Jeff Stein, Rachel SiegelTreasury Secretary Steven Mnuchin on Friday defended his decision to end several emergency Federal Reserve lending programs, arguing the funding should be redirected …
Fannie, Freddie Overseer Looks to End Federal Control Before Trump Leaves
Wall Street Journal, Nov. 20, 2020–Andrew Ackerman (subscription)The federal regulator who oversees Fannie Mae and Freddie Mac is pushing to speed up the mortgage giants’ exit from 12 years of …
Pandemic Forces Moves for Many Americans, Survey Shows
Credit Union Times, Nov. 20, 2020–Jim DuPlessisNearly four out of 10 Americans have been forced to move or alter their living arrangements in other ways because of the COVID-19 pandemic, …