Cleveland.com, June 25, 2020–Lucia WalinchusThe Ohio Supreme Court has ruled that an unusual foreclosure process that can result in people’s homes being sold without compensation for their equity should remain …
Category: Top National News
The Jumbo Market Shows Signs of Heating Up
Wall Street Journal, June 25, 2020–Katy McLaughlin (subscription)Loan activity went into a deep freeze following the onset of the pandemic, but lenders seem to be loosening their purse strings again…a …
Election, Supreme Court Case May Dictate Fate of CFPB’s QM Proposal
American Banker, June 24, 2020–Kate Berry (subcription)An imminent high court ruling about the independence of the bureau’s director, coupled with an election victory for Joe Biden, could doom a plan …
To Understand a City’s Pace of Gentrification, Look at Its Housing Supply
Urban Institute, June 24, 2020–Laurie Goodman, Ellen Seidman, Jun ZhuIn many MSAs, high housing costs—resulting from a lack of available housing—cause affluent buyers to look for homes in low- and …
Caliber Home Loans Settles with N.Y. AG over Interest-Only Loan Mods
National Mortgage News, June 24, 2020–Bonnie Sinnock (subscription)Caliber Home Loans agreed to a settlement with New York Attorney General Letitia James in which it will provide as much as $17 …
Virus Pummels Commercial Real Estate, Could End Long Boom
Associated Press June 24, 2020–Joyce Rosenberg, Ken SweetAmericans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices …
MBA Urges The FHFA To Diversify FHLB System Membership
National Mortgage Professional, June 24, 2020–Navi PersaudThe Mortgage Bankers Association penned a letter to Federal Housing Finance Agency Director Mark Calabria urging the agency to expand membership in the Federal …
Public Real Estate Companies Are the New Way to Buy Distress
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 …
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 …