Good morning! Today is Monday, September 28. A judge blocked the ban on Tik Tok downloads from U.S. app stores. The Postal Service issued new operating instructions to prioritize election mail, the Justice Department says. For the first time in NFL history, two female coaches were on the sidelines with a female referee on the field in a regular-season game.
And in mortgage and housing news …
REBUILDING GSE’S: The Financial Stability Oversight Council (FSOC) signed off on the Federal Housing Finance Agency’s (FHFA) plan to rebuild Fannie Mae and Freddie Mac, saying the GSEs continue to pose a potential risk to financial stability and may not be sufficiently capitalized to protect themselves against risks in their portfolios.
POLITICAL DONATIONS: The commercial real estate industry is giving millions to Biden and Trump campaigns.
HOME VALUES: Unlike the Great Recession in 2008, the coronavirus-induced economic downturn hasn’t resulted in homes losing their values.
RENT VARIATION: An analysis of where rents are rising and falling the most in big cities after COVID-19.
DISPARATE-IMPACT HOUSING RULE: The Trump Administration continues to roll back Obama-era regulations, and one that deserves more attention is the disparate-impact housing rule that the Department of Housing and Urban Development has revised with more due process protections.
WELLS FARGO CARES ACT: Wells Fargo, Philly’s biggest bank, agrees to tap federal bailout money for struggling homeowners. But they have only 5 days to apply.
HOUSING TRENDS: Expect a competitive market as homebuying season extends into fall.
REFINANCING: Four steps to a smooth mortgage refinance at a vey low rate.
GSE CAPITAL REQUIREMENTS: A plan to impose stricter capital requirements on mortgage giants Fannie Mae and Freddie Mac on Friday won the endorsement of a group of regulators that monitors risks to the financial system.
GSE THREAT: How much potential danger to the stability of the broader financial system do Fannie Mae and Freddie Mac pose?
CANCELED DEBT: How canceled student-loan and mortgage debts could affect taxes in the COVID-19 era.
TOO EASY TO BORROW: There is a housing bubble lurking in the recession.
SREO MATTERS: In the real estate industry, a schedule of real estate owned (SREO) is a document that lists all properties in which an investor has an ownership interest.