On Friday, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to Congress outlining the Bureau’s plan for a revised Qualified Mortgage Standard.
On January 1, the California Consumer Privacy Act (CCPA) became law–a warning shot across the bow of every real estate finance company in America.
National spending for improvements and repairs on owner-occupied homes is expected to rise “only modestly” this year, according to the Leading Indicator of Remodeling Activity by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, Cambridge, Mass.
Zillow, Seattle, said the total value of every home in the U.S. reached $33.6 trillion at the end of 2019, nearly as much as the GDP of the two largest global economies combined–the U.S. ($20.5 trillion) and China ($13.6 trillion).
In two blog posts last week, CoreLogic, Irvine, Calif., examined the relationship between loan pricing and loan performance in context of the coming expiration of the Consumer Financial Protection Bureau’s Qualified Mortgage “GSE Patch.” The blogs noted little distinction in loan delinquencies in certain rate spread categories, but noted closer investigation is warranted.