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Also: Residential delinquencies reach a pandemic low, groups seek to keep mortgage origination and securitization rules aligned

Mortgage lenders should develop a comprehensive program to identify potential risks of noncompliance with consumer protection rules and take corrective actions before the Biden-era Consumer Financial Protection Bureau comes calling.

With the Colonial Pipeline attack still in the news, bank CEOs testifying at a recent hearing cited cyber risk as the biggest threat facing the industry. But members of Congress did not share those concerns, and instead were more focused on criticizing banks about overdraft fees and their level of investment in minority communities.

Tighter mortgage rules could also be weighing on second-home buyers given that loans for such purchases, along with those for investment properties, can only make up 7% of a lender’s total pipeline

Meanwhile, National MI has been increasing its new insurance written by slightly widening its credit standards.

With residential supply severely lagging behind demand, redeveloping unused office space into multifamily properties seems like a perfect solution, but it’ll take governmental collaboration and tax breaks to make such projects financially compelling, developers say.

The Department of Housing and Urban Development reinstituted the “affirmatively furthering fair housing" measure, which the Trump administration had argued was overly prescriptive, and promised a later rulemaking to bolster the policy.

Recent reports show inflation rising, but employment underperforming, while interest rates dropped across the board.

The continued home price spike also drove the negative equity share to an all-time low, according to CoreLogic.

The Federal Housing Finance Agency said it is reviewing compensation policies for Fannie Mae and Freddie Mac and requesting feedback from the public. Some have said the $600,000 limit for executives imposed by Congress makes it hard to find talent.