Bloomberg, Oct. 26, 2020–Joe Light, Christopher MaloneyProposed regulatory changes have left investors worrying they might be left holding the bag.https://www.bloomberg.com/news/articles/2020-10-26/a-50-billion-housing-bond-market-is-stuck-in-regulatory-limbo?srnd=premium
Category: Top National News
Are We Headed for Another Foreclosure Crisis? 9 Housing Experts Share Their Predictions
Money, Oct. 24, 2020–Brenda RichardsonForeclosure and eviction protections under the CARES Act have provided some relief for homeowners with distressed finances. But once forbearance protections run out, the biggest fear …
Manafort Mortgage-Fraud Case Dismissed, Again
The Real Deal (New York), Oct. 23, 2020A New York appeals court has ruled that Paul Manafort could not be charged with mortgage fraud and other felonies because of the …
Being Black Lowers the Value of My Home: The Legacy of Redlining
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 …
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 …