Good morning! Today is Wednesday, January 27. A second impeachment trial will proceed on Feb. 9, but there are not enough votes to convict former president Donald Trump over his role in the Jan. 6 mob attack on the Capitol. Walmart will fill online orders with robots in some stores. New Army rules will allow ponytails and nail color for female soldiers.
And in mortgage and housing news …
HOUSING PRICES: The Federal Housing Finance Agency’s Home Price Index showed prices were up 1 percent in November for the month – and a whopping 11 percent from November 2019 to November 2020.
MLB LOANDEPOT: Major League Baseball has made loanDepot the “official mortgage provider” of MLB under a multi-year partnership announced this week.
CFPB PICK: Financial firms brace themselves for Biden’s consumer agency chief, anticipating a more aggressive approach to how banks, lenders and debt collectors treat their customers.
2021 HOT MARKETS: Where will the country’s hottest housing markets be in 2021?
FHA PREMIUM CUT: A large FHA premium cut could tilt market away from private insurers.
CREDIT UNIONS: Credit unions highlight policy priorities in a letter to the Biden administration.
NONBANK SCRUTINY: How the Financial Oversight Security Council might target nonbanks for scrutiny.
MILLENNIAL HOMEOWNERSHIP: Ten facts for millennials during their homeownership journey.
GSE FATE: The radical step of GSE receivership allows the Biden Administration to use Fannie Mae and Freddie Mac for policy purposes, end private ownership and the litigation now before the courts.
NYC CRE: Amazon lifts NYC’s industrial real estate market.
COVID EFFECT: COVID-19 is creating booming and highly competitive conditions in N.J.’s housing market.