Mortgage Roundup (4/13/21) – Credit, CPFB & Execs

Good morning! Today is Tuesday, April 13. Minneapolis-St. Paul is under a 7 pm curfew following unrest spurred by a police officer who meant to tase a man during a traffic stop, but fatally fired a gun instead. The volcano eruptions on St. Vincent island can be seen on satellite images. The Rock says he will run for President if that’s what the people want. 

And in mortgage and housing news …

CREDIT CHANGES: The Mortgage Note reports about how a change in credit score criteria would increase home-buying opportunities for Black and Latino homebuyers, according to new research released at an event held by National Association Realtors.

TOP EMPLOYERS: The Mortgage Reports on Fortune’s Top 100 Places to Work list, with four mortgage/real estate companies making the list – led by Rocket Companies at No. 5.

FORBEARANCE REPORT: The Mortgage Note reports on the number of mortgages in forbearance in the United States dropped to 2.3 million in the latest weekly survey released by the Mortgage Bankers Association.

WOMEN MORTGAGE EXECS: The growing support for female mortgage executives.  

READY TO BORROW: Nine money numbers to know before you apply for a mortgage. You’ll have a better idea of how lenders view your credit applications if you know your credit scores and debt-to-income ratio. 

CASH-OUT REFINANCING: Cash-out refinancing numbers are soaring. Should we be concerned?  

CPFB DELAY: How the Consumer Protection Finance Bureau’s foreclosure delay could impact non-QM lenders, investors.

FAIR HOUSING: New York seeks to suspend or revoke the licenses of 18 Long Island real estate agents cited in an investigation into discriminatory practices that may violate Fair Housing Laws.

ESSENTIAL WORKERS: What the red-hot real estate market has done to essential workers.

BANKING’S FUTURE: Neobanks and nonbanks are gaining share in consumer accounts. Without a level playing field, traditional institutions will see their role shrink under attack from fintech apps