Bloomberg, Feb. 20, 2020–Shelly Hagan, Wei Lu, Sophie AlexanderYou could easily drive through this leafy Silicon Valley suburb without realizing you were in America’s richest neighborhood. From the road, it’s …
Category: Top National News
Fake Employers Help Borderline Borrowers Qualify for Mortgages
Orange County Register, Feb. 20, 2020–Jeff LazersonThe Fannie Mae fictitious California employer list started in 2018. With its January fraud alert, the list has grown to 65 companies that appear …
Kraninger Wants More Money for CFPB. White House Has a Different Plan
American Banker, Feb. 20, 2020–Kate Berry (subscription)The Trump administration proposes cutting personnel and other budgetary items at the bureau, while the agency’s director — who controls the purse strings and …
Regulators Extend CRA Comment Period, Bowing to Congressional Pressure
American Banker, Feb. 19, 2020–Brendan Pedersen (subscription)https://www.americanbanker.com/news/regulators-extend-cra-comment-period-bowing-to-congressional-pressure
Weekly Mortgage Applications Take a Hit as Mortgage Rates Tick Up
CNBC, Feb. 19, 2020–Diana Olick The refinance boom took a step back last week, bringing down total mortgage applications. Mortgage application volume decreased 6.4% from the previous week, according to …
Presidential Candidate Mike Bloomberg Wants to Merge Fannie and Freddie
HousingWire, Feb. 18, 2020–Kelsey RamirezMike Bloomberg, former mayor of New York City and latecomer in the Democratic race for the presidency, released his financial reform policy plan, and it has …
3 Myths Keeping Mortgage Originators From Closing More Refinance Loans In 2020
Digital Media Solutions, Feb. 18, 2020–Melissa Ledesma Loan originators who are not promoting refinance loan programs are missing out on the chance to grow their pipelines and increase their closed …
Is Partisanship Seeping Back Into Regulators’ Discourse?
American Banker, Feb. 16, 2020–Brendan Pedersen (subscription)Compared with incendiary fights elsewhere in the capital, deliberations among the banking agencies tend to be more banal. But on issues from the Volcker …
Never Mind the Internet. Here’s What’s Killing Malls
New York Times, Feb. 14, 2020–Austan GoolsbeeYes, the internet has changed the way we shop. But taken together, other factors have caused greater harm to traditional retail stores.https://www.nytimes.com/2020/02/13/business/not-internet-really-killing-malls.html?nl=todaysheadlines&emc=edit_th_200216&campaign_id=2&instance_id=15980&segment_id=21328&user_id=e670283fb4fff3d4391d6f88569ad498®i_id=420636740216
Equifax Expects to Pay Out Another $100 Million for Data Breach
HousingWire, Feb. 14, 2020–Ben LaneThe company revealed this week in its fourth-quarter earnings report that it set aside another $99.6 million in the fourth quarter for “certain legal proceedings and …