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The increasing regulatory costs may give the Biden administration reason to encourage the rollback of some zoning restrictions that hamper construction.
May 28 -
This is the multi-hyphenate company’s sixth deal since the start of 2020 — a series of acquisitions in a variety of sectors within the industry, ranging from analytics to artificial intelligence.
May 28 -
With Rohit Chopra’s nomination now in its fourth month, some of the consumer bureau's rulemaking efforts remain on hold. Experts say Democrats first want the Senate to confirm a new member of the Federal Trade Commission to replace Chopra so that Republicans don't gain control.
May 28 -
“Our goal is by after Labor Day to effectively be back to where we were in January of 2020,” Chief Executive Brian Moynihan said.
May 28 -
The steady pace of refinance activity has also continued, as borrowers seek to take advantage of sub-3% rates.
May 27 -
The Treasury secretary previewed President Biden's budget by urging lawmakers to fund the Financial Crimes Enforcement Network's establishment of a beneficial ownership regime.
May 27 -
The former senior vice president and credit officer takes over the role that Andrew Bon Salle left at the end of 2020.
May 27 -
DeVito takes over on June 1, replacing interim CEO Mark Grier, who returns to his seat on the government-sponsored agency's board.
May 26 -
While purchases increased, refinancing activity slowed considerably compared to its pace over the past month.
May 26 -
While last year’s high valuations protected the wealth embedded in consumer residences, a new report suggests that they can also be an indication of rising risk.
May 24 -
Reviving a long-dormant loan guarantee program could go a long way toward restocking the supply of starter homes and helping households of modest means create wealth, writes the President and CEO of University Bank.
May 24
University Bank -
The CFPB missives are an early and unmistakable warning that the era of COVID-19 flexibility is over, write two partners and a law clerk from Buckley LLP.
May 21
Buckley LLP -
A week of light data could possibly lead to further mortgage-rate volatility ahead depending on what monetary officials say in the coming days.
May 20 -
For the first time since the pandemic began, the share of borrowers who are 30 days or more late on their payment is below 5%, Black Knight found.
May 20 -
Groups active in low-income and rural housing expressed frustration that the post-pandemic resumption of long-term goal-setting didn’t do more to raise the bar.
May 19 -
Average loan size also continues to increase, as demand remains high and costs in homebuilding materials rise this year.
May 19 -
The month saw the highest median home sales price ever along with the quickest time ever to sell a new listing.
May 19 -
Mortgage lenders have much riding on a yearslong effort to overhaul a program that requires homeowners to hold policies in flood-prone areas. A congressional panel meeting to discuss the issue was once again split between lawmakers from storm-threatened states and those concerned about government costs.
May 18 -
The agency said it will reconsider the controversial regulation to reform the Community Reinvestment Act, and allow banks to halt efforts to comply with key provisions of the framework.
May 18 -
The rate of new forbearance requests as a share of portfolio volume also dropped to its lowest point since March, the Mortgage Bankers Association reported.
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