Wall Street Journal, June 23, 2020–Konrad Putzier (subscription) Despite tumbling real estate values during the coronavirus pandemic, it has been hard for buyers to find buildings for sale as most …
Category: Top National News
Housing’s Racial Gap will Widen in Coronavirus Recovery: Redfin
National Mortgage News, June 23, 2020–Brad Finkelstein (subscription)The economic recovery from the coronavirus shutdown will only exacerbate the existing racial divide in the housing market, a Redfin report said. (MBA …
Supreme Court Affirms SEC’s Ability to Recoup Profits from Fraud But Places Limits
Washington Post, June 22, 2020–Robert BarnesIn an 8-to-1 decision written by Justice Sonia Sotomayor, the court said the money must be for the benefit of investors and cannot exceed the …
Warren and Brown Urge Regulators to Undo Recent Capital Changes
American Banker, June 22, 2020–Neil Haggerty (subscription)Two Democratic senators are calling on regulators to reverse their recent decision to ease a key capital requirement for banks. Sens. Sherrod Brown of …
Supreme Court Ruling in CFPB Case Could Impact FHFA’s Plan to End Conservatorship
HousingWire, June 22, 2020–Kathleen HowleyThe Consumer Financial Protection Bureau is under the microscope as the Supreme Court prepares to issue a major ruling, expected this week, on whether the agency’s …
Treasury, SBA to Disclose Identities of Large PPP Borrowers
American Banker, June 19, 2020–Paul Davis (subscription)The Treasury Department and Small Business Administration have reversed course and will release the names of many borrowers that received Paycheck Protection Program loans.https://www.americanbanker.com/news/treasury-sba-to-disclose-identities-of-large-ppp-borrowers
Quicken Loans IPO: Why It May Need the Cash and Who Gets Rich
Detroit Free Press, June 20, 2020–JC Reindl, Susan TomporIf and when Quicken Loans launches an initial public offering this year, the event could upend the business pecking order in Detroit …
NAMMBA Town Hall Highlights Gaps in Minority Homeownership
HousingWire, June 19, 2020–Alex RohaMortgage Bankers Association senior vice president, Steve O’Connor, led the initial discussion on minority homeownership and the MBA’s Black Homeownership initiative. Some challenges the MBA cited …
Racism in U.S. Homeownership
National Mortgage News, June 19, 2020–Brad Finkelstein, Paul Centopani, Bonnie Sinnock (subscription)How the mortgage and housing industries react to the current civil rights moment could shape policies and bridge the …
Commercial, Multifamily Mortgage Delinquencies in U.S. Remained Low in Q1
World Property Journal, June 19, 2020–Michael GerrityAccording to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report, commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of …