American Banker, Feb. 19, 2020–Brendan Pedersen (subscription)https://www.americanbanker.com/news/regulators-extend-cra-comment-period-bowing-to-congressional-pressure
Category: Top National News
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 …
Fannie Rededicates Itself to Hedge Accounting, Multifamily CAS
National Mortgage News, Feb. 13, 2020–Bonnie Sinnock (subscription)Fannie Mae identified the adoption of hedge accounting and regular issuance of multifamily Connecticut Avenue Securities deals as among strategies it could continue …
Letters to the Editor
The Economist, Feb. 13, 2020–Robert Broeksmit, CMB (subscription)MBA President & CEO notes in the aftermath of the financial crisis, independent mortgage bankers stepped up to fill the void when many …
Student Debt Forgiveness in U.S. to Total $207 Billion in Next Decade, CBO Says
Wall Street Journal, Feb. 12, 2020–Josh Mitchell (subscription)The U.S. government will forgive $207.4 billion in student debt for Americans who take out loans over the next decade, the Congressional Budget …