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/
Category: Top National News
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 …
How Much Debt Do Millennials Have?
CNBC, Nov. 5, 2020–Megan DeMatteoMillennials are the generation with the fastest growing debt load, which isn’t surprising when you consider this cohort is increasingly having children, buying homes and continuing …
What Would the CFPB Look Like Under a Biden Administration?
HousingWire, Nov. 5, 2020–Sarah WheelerOne thing that seems very likely is that Biden would replace Kathy Kraninger soon after inauguration. A Supreme Court ruling in June means that a president …
Multifamily Refinancing’s Top Trends and Strategies
Multi-Housing News, Nov. 6, 2020–Sibley FlemingDuring the second quarter, multifamily originations declined 24 percent year-over-year as total multifamily and commercial originations fell by 48 percent, reported Jamie Woodwell, chief economist …