Mortgage Roundup (1/20/21) – 46, Foreclosures & Titles

Good morning! Today is Wednesday, January 20. President Donald Trump delivered a farewell address and pardoned 73 people ahead of today’s inauguration of Joe Biden as the 46th President of the United States. The FAA is looking at an Iowa airport’s pre-boarding Covid-19 passenger screening process as a possible model for the nation. 

And in mortgage and housing news …

MORATORIUM EXTENDED: The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are extending the moratoriums on single-family foreclosures and real estate owned evictions until February 28.

APPRAISAL PROCESS: How to make your appraisal go as smoothly as possible

TITLE INSURANCE: The title insurance arms race is heating up.  

1ST ALLIANCE LAWSUIT: CFPB slaps 1st Alliance Lending for illegal mortgage-origination practices.

HOUSING SCAMS: Five ways to protect yourself from housing scams

FINTECH LICENSING: Federal agencies and states compete to regulate fintech.

BANKING REVENUE: Bank of America Corp.’s traders had a good year — but not as good as their rivals.

PANDEMIC LOANS: The U.S. government is pressuring large lenders to go live this week with another round of a key federal pandemic loan program, sparking an industry scramble to get lending platforms ready.

CREDIT CARD DEBT: Refinancing credit card debt can protect credit scores and the ability to get a mortgage. 

1031 EXCHANGE: A valuable tax credit for real estate sales may be vulnerable in a new Democratic Administration.