Forbes, Mar. 31, 2023–John WakeA 2022 OECD (Organisation for Economic Co-operation and Development) study of 28 countries found the U.S. had the third lowest percentage of households that owned their …
Category: Top National News
Debate Over Junk Fees Heats Up
Multi-Housing News, March 30, 2023–Lew SichelmanThe National Consumer Law Center has added fuel to the debate over so-called junk fees with a new report that shows the array of charges …
Fannie/Freddie Mandated Repurchases Ease
Inside Mortgage Finance, Apr. 3, 2023–John Bancroft (subscription)2022 saw a sharp increase in seller buybacks of defective loans from the GSEs, although the pace may have turned a corner in …
San Francisco Office Vacancies Approach 30%
GlobeSt.com, Apr. 03, 2023–Jack RogersThe “ghost town” stories about downtown San Francisco are going to persist as the year unfolds: nearly a third of the offices in the Golden Gate …
Fannie/Freddie Mandated Repurchases Ease
Inside Mortgage Finance, Apr. 3, 2023–John Bancroft (subscription)2022 saw a sharp increase in seller buybacks of defective loans from the GSEs, although the pace may have turned a corner in …
Q&A: Jamie Woodwell, Mortgage Bankers Association
Scotsman Guide, April 3, 2023–Jeff BondCommercial real estate appears to be ready to sustain another down year, according to the Mortgage Bankers Association. After the market peaked in 2021 with …
FHFA Watchdog Finds Lapses in Conservatorship Record-Keeping
National Mortgage News, Mar. 30, 2023–Bonnie Sinnock (subscription)The Federal Housing Finance Agency’s watchdog asked the regulator to improve its record keeping for decisions made as the government-sponsored enterprises’ conservator after …
Fair Lending Director Says CFPB Undeterred by Townstone Defeat
Inside Mortgage Finance, Mar. 30, 2023–Sam ManasThe Consumer Financial Protection Bureau plans on bringing fair lending cases involving prospective applicants for mortgages even though the agency recently suffered a significant …
Yellen Says U.S. Bank Rules May be Too Loose, Needs to be Re-Examined
Reuters, Mar. 30, 2023–David LawderTreasury Secretary Janet Yellen said on Thursday that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valley Bank and …
Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk
National Mortgage Professional, Mar. 30, 2023–David Krechevsky“A major disruption or failure of a large mortgage servicer really gives me a nightmare,” Chopra said Tuesday during CBA Live 2023, a conference …