Forbes, Jan. 21, 2020–Ari RastegarThe retail landscape is changing, but brick-and-mortar storefronts aren’t going anywhere. Competition-driven retailers are finding innovative ways to “internet-proof” their operations and identify viable storefront locations …
Category: Top National News
Brexits and Bubbles: How Investors View Europe’s Shaky Real Estate Market
The Real Deal, Jan. 21, 2020–Mary Diduch“Generally, investors globally are comparing returns in the U.S. to what they can get in their own country and elsewhere, so when it comes …
FHFA Revives the Idea of Tigher Underwriting to Address PACE Risks
National Mortage News, Jan. 21, 2020–Bonnie Sinnock (subscription)The Federal Housing Finance Agency is considering bringing back the idea of imposing stricter criteria for purchasing mortgages in areas where residential Property …
4 Questions as CFPB Closes in on Revamp of Key Mortgage Rule
American Banker, Jan. 21, 2020–Kate Berry (subscription)The Consumer Financial Protection Bureau’s willingness to extend a special regulatory exemption for Fannie Mae and Freddie Mac is welcome news for the mortgage …
Shaping the Future of HUD and FHA
MReport, Jan. 17, 2020–David WhartonHUD Deputy Secretary nominee Brian D. Montgomery discusses the False Claims Act, better aligning with the GSEs and bringing the organization’s technology into the 21st century.
Why What’s in the GSE Bank Matters
Chicago Agent Magazine, Jan. 20, 2020–Meg WhiteThere’s no guarantee that Congress or the administration will tackle GSE reform in 2020. However, the Federal Housing Finance Agency did announce that it …
The Community Reinvestment Act Faces Major Changes, but Regulators Are Not Aligned
Urban Institute, Jan. 17, 2020–Laurie Goodman, Brett Theodos, Ellen SeidmanRegulators, the banking industry, and community advocates all agree that with well-conceived regulatory changes, the CRA could be more effective. https://www.urban.org/urban-wire/community-reinvestment-act-faces-major-changes-regulators-are-not-aligned
Bipartisan Scolding of FASB Chief Raises Lender Hopes of Softer CECL
American Banker, Jan. 16, 2020–John Reosti (subscription)The chairman of the Financial Accounting Standards Board received a chilly reception from a key House subcommittee, providing hope that lawmakers will eventually put …
Equifax to Pay $380.5M to Cover Claims from 2017 Breach
National Mortgage News, Jan. 16, 2020–Laura Alix (subscription)Equifax could pay more than $500 million to resolve a class action lawsuit resulting from the 2017 breach, which exposed personal information on …
Housing Supply Chartbook
Urban Institute, Jan. 16, 2020–Michael Neal, Laurie Goodman, Caitlin YoungThe authors note since 2009, housing demand has outstripped supply, quite significantly in some areas. This shortage has increased home prices …