DS News, Jan. 6, 2020–Seth WelbornThe United States Court of Appeals for the Second Circuit has affirmed in a recent ruling that a lender has no duty to safeguard a …
Category: Top National News
Trump Administration Plans Roll Back of Low-Income Housing Rules
Wall Street Journal, Jan. 6, 2020–Laura Kusisto (subscription)The Trump administration plans to unveil new rules on Tuesday that will roll back Obama-era efforts to prod local governments into building more …
Mortgage Rates Below 1% Put Europe on Alert for Housing Bubble
New York Times, Dec. 17, 2019–Liz AldermanMoney is so cheap — a 20-year mortgage can be had in Paris or Frankfurt at a rate of less than 1 percent — …
FHFA Proposal Would Exempt Federal Home Loan Banks from Stress Tests
National Mortgage News, Dec. 16, 2019–Hannah Lang (subscription)The Federal Housing Finance Agency has proposed a plan that would exempt the Federal Home Loan Banks from conducting stress tests.https://www.nationalmortgagenews.com/news/fhfa-proposal-would-exempt-federal-home-loan-banks-from-stress-tests
Where Have all the CFPB Fair-Lending Cases Gone?
American Banker, Dec. 17, 2019–Kate Berry (subscription)Despite assurances by the Consumer Financial Protection Bureau that it is serious about cracking down on fair-lending violations, the lack of any CFPB enforcement …
Commercial/Multifamily Mortgage Delinquencies Stay Low
Commercial Property Executive, Dec. 16, 2019–Jamie Woodwell2019 continues to be a very solid year for commercial real estate, with increasing originations and very low delinquencies. Loans financing commercial and multifamily …
Reactions to CRA Plan Signal Long Fight Ahead
American Banker, Dec. 15, 2019–Brenan Pedersen (subscription)Bank regulators moved the needle this week on efforts to reform the Community Reinvestment Act, but their sweeping proposal could set in motion a …
Gundlach’s $150 Billion Decade May Be His Industry’s Last Hurrah
Bloomberg, Dec. 13, 2019–John GittelsohnA decade after the star investor known to his staff as “the Godfather” stunned Wall Street with his bitter split from TCW Group and creation of …
First-Time Homebuyers are Making a Comeback
HousingWire, Dec. 10, 2019–Kelsey RamirezFirst-time homebuyers are making a comeback this year as they made up 39% of all buyers in the single-family housing market during the third quarter, according …
The Imminent Death of the Prequal Letter
National Mortgage News, Dec. 10, 2019–Brandon Hoyles (subscription)The prequalification letter is set to fade into mortgage oblivion and its death is long overdue.https://www.nationalmortgagenews.com/opinion/the-imminent-death-of-the-prequal-letter