HousingWire, Nov. 26, 2019–Ben LaneLate last week, the Consumer Financial Protection Bureau released its semiannual regulatory agenda, which stated that the bureau is considering a rulemaking to “address certain concerns” …
Category: Top National News
Supreme Court to Hear CFPB Constitutionality Case in March (subscription)
National Mortgage News, Nov. 26, 2019–Kate BerryThe Supreme Court on Tuesday said it will hear arguments March 3 in a case challenging the constitutionality of the Consumer Financial Protection Bureau’s …
Property Investors Follow Millennials to the Hot Mountain States (subscription)
Wall Street Journal, Nov. 26, 2019–Konrad PutzierForget Brooklyn and San Francisco. Millennials and plenty of others seeking a lower cost of living are pouring into the Western mountain states, boosting …
Pondering the Future of Private-Label Mortgage-Backed Securities (subscription)
National Mortgage News, Nov. 25, 2019–Christopher WhelanTo make the vision of a larger market for private mortgages a reality, the industry needs to address the issue of trustee duties in …
The Death of The Mortgage Broker Has Been Greatly Exaggerated
Mortgage News Daily, Nov. 20, 2019–Jann SwansonMortgage brokers have apparently reclaimed both their reputations and their market share in recent years according to Archana Pradhan, a risk management analyst for …
Fed Won’t Move on CRA Reform this Year: Otting (subscription)
American Banker, Nov. 20, 2019–Brendan PedersenThe Federal Reserve will not move with other regulators this year to modernize the Community Reinvestment Act, according to Comptroller of the Currency Joseph Otting.https://www.americanbanker.com/news/federal-reserve-wont-move-on-cra-this-year-otting
Fed Adds $103.65 Billion to Financial System (subscription)
Wall Street Journal, Nov. 21, 2019–Michael S. DerbyThe Federal Reserve Bank of New York added $103.65 billion in temporary liquidity to the financial system on Thursday. The intervention came via …
Disaster Coverage Is a Disaster for Most
UExpress, Nov. 22, 2019–Lew SichelmanMany — if not most — homeowners aren’t prepared for a flood, tornado or other natural disaster. And neither, apparently, are their insurance companies.https://www.uexpress.com/housing-scene/2019/11/22/disaster-coverage-is-a-disaster-for
Freddie Mac Sell $22 Million in Non-Performing Loans
HousingWire, Nov. 22, 2019–Kelsey RamirezThe 87 loans were serviced by Specialized Loan Servicing, and transferred to VRMTG ACQ, a minority and woman-owned business. It was part of Freddie Mac’s Extended …
5 Questions for Former GSE Regulator Armando Falcon (subscription)
National Mortgage News, Nov. 22, 2019–Brad FinkelsteinMortgage lending is closer than ever to having a truly paperless process, according to Armando Falcon, a former regulator who is currently consulting with …