American Banker, Nov. 12, 2020–Kate Berry (subscription)As it attempts to craft policy on access to consumers’ financial account information, the agency is wading into a battle between those who want …
Category: Top National News
FHFA Will Continue to Buy Loans in Forbearance Through Dec. 31
HousingWire, Nov. 12, 2020–Alex RohaThe Federal Housing Finance Agency announced on Thursday that Fannie Mae and Freddie Mac will continue to buy qualified loans in forbearance, extending the temporary policy …
Malls File for Bankruptcy or Shut Their Doors as Pandemic Pain Spreads
Wall Street Journal, Nov. 10, 2020–Esther Fung (subscription)Mall landlords are starting to seek bankruptcy protection or shutting down, the latest signs that the pandemic is deepening a crisis that began …
FHFA Approves Classic FICO for Fannie Mae, Freddie Mac
HousingWire, Nov. 10, 2020–Kelsey RamirezThe Federal Housing Finance Agency announced Tuesday the validation and approval of the Classic FICO credit score model for Fannie Mae and Freddie Mac.https://www.housingwire.com/articles/fhfa-approves-classic-fico-for-fannie-mae-freddie-mac/
Corporate Tenants Dump Excess Office Space, Sending Shivers Through the Market
Wall Street Journal, Nov. 10, 2020–Peter Grant (subscription)More companies are looking to dump excess office space by renting it out to new tenants, flooding the market with additional supply that …
Record Low Mortgage Rates Widen Historic U.S. Economic Divides
Blomberg, Nov. 10, 2020–John Gittelsohn, Katia Dmetrieva, Michael SassoMinority homeowners are losing ground in the K-shaped recovery.https://www.bloomberg.com/news/articles/2020-11-10/cheap-credit-is-widening-wealth-inequality-across-america-s-racial-lines?srnd=premium
JPMorgan Relaxes Mortgage Curbs With U.S. Housing Prices on Rise
Bloomberg, Nov. 9, 2020–Michelle F. DavisJPMorgan Chase & Co. is going on the “offensive” in mortgages as home prices rise across the country, said Marianne Lake, the bank’s chief executive …
Homebound Workers Inject Life into Suburban Malls After Downtowns Empty Out
Reuters, Nov. 8, 2020–Nichola Saminather, Victoria WalderseeAs the coronavirus pandemic rages and most downtown office employees in many cities work from home at least through year-end, urban retailers’ loss is …
How Will the Next U.S. President Impact Mortgage Servicing and Compliance?
Mortgage Professional America, Nov. 6, 2020–Clayton JarvisAs Joe Biden stands on the precipice of becoming America’s 46th president, there is uncertainty around the impact his administration may have on the …
Understanding the Impact of Property Taxes Is Critical for Effective Local Policymaking
Urban Institute, Nov. 5, 2020–Linna Zhu, Sheryl PardoThe best way to understand the impact of any existing or proposed property tax initiative is to examine the property-level impacts in a …