Asset-size exemption thresholds altered; state AGs ask FHA to push servicers to implement COVID-19 loss-mitigation offerings; bureau survey results show some consumers’ finances improved during the pandemic; CFPB joins amicus brief in lawsuit over who counts as a credit “applicant.”
The resignation, effective Feb. 4, will leave the FDIC board composed entirely of Democrats. It follows a highly visible — and unusual — partisan spat among board members.
Presently there are two mortgage-related SPACs that are in progress: Better.com (a lender) and Southport Acquisition Corp., the latter of which is looking for plays in the software arena.
“We see this slowdown as a temporary consequence of the holidays, not as an indication that homebuyer demand is backing off,” said Redfin Deputy Chief economist Taylor Marr.
GAO found that between fiscal years 2016 and 2020, a mere 0.07% of mortgages purchased by Fannie Mae and Freddie Mac were made to borrowers without credit scores.
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