Wall Street Journal, Nov. 7, 2019–Maria Armental (subscription)Shares of Zillow Group Inc. rose 9% in after-hours trading as the company said its home-flipping business is expected to generate as much …
Category: Top National News
Unique Challenges in Lending and Servicing
MReport, Nov. 1, 2019–Seth WelbornMarcia Davies, MBA COO and mPower founder, spoke with MReport at the 2019 Five Star Conference and Expo about what lies ahead for mortgage professionals in …
Sears Says It Has Secured a $250 Million Lifeline, Will Close 96 Stores
Reuters, Nov. 7, 2019–Mike Spector, Jessic DiNapoliSears said it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting …
What CFPB’s Day in Court Will Mean for FHFA
American Banker, Nov. 4, 2019–Hannah Lang (subscription)The Supreme Court is ready to weigh in on the CFPB’s leadership structure, but both agencies are facing similar constitutional challenges, suggesting a broader …
Trump Administration Asks Supreme Court to Rule on GSE Profit Sweep
HousingWire, Nov. 4, 2019–Kelsey RamirezIn September, an appeals court ruled the government’s net worth sweep of Fannie Mae and Freddie Mac to be unconstitutional, a decision the Trump administration is …
Private-Label MBS Reaches 12-Year High, Sans NINJAs
HousingWire, Nov. 4, 2019–Kathleen HowleyThe private-label mortgage-backed securities market is having its biggest year since 2007 as lenders including JPMorgan Chase, Caliber and Angel Oak try to take on behemoths …
Battle Lines Drawn over New HUD Rule on Bias Suits
Finance & Commerce (Minn.), Nov. 4, 2019–William MorrisThe dispute arises over so-called “disparate impact” housing discrimination–policies that do not explicitly prefer one demographic over another but nonetheless have an adverse …
Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up
Bloomberg News, Nov. 4, 2019–Claire BostonThe subprime mortgage-backed bond may be dead in America a decade after it helped trigger the global financial crisis, but a security with some of …
People Are Staying in Their Homes Longer—a Big Reason for Slower Sales
Wall Street Journal, Nopv. 3, 2019–Laura Kusisto (subscription)U.S. homeowners are staying in their residences much longer than before, keeping a glut of housing inventory off the market, which helps explain …
Dozens of Lawmakers Urge More Flood Insurance Reform
American Banker, Nov. 1, 2019–Hannah Lang (subscription)A group of 64 House lawmakers are pushing congressional leadership to incorporate premium caps and address a new methodology for assessing risk in flood …