International News (Page 73)

Over a dozen street gangs in Los Angeles have set their sights on wealthy residents in the city as part of a disturbing, violent robbery pattern that has victimized hundreds of people, police said Tuesday. At least 17 street gangs based mostly in South Central Los Angeles had staged more than 200 strong-arm robberies in…Continue Reading

The father of Patrick Lyoya said his son was “killed like an animal” after recently released videos showed the 26-year-old Black man being fatally shot by a police officer during a traffic stop. The family fled from the Democratic Republic of Congo in 2014 for a safer life in the U.S. “I came here to save…Continue Reading

SACRAMENTO — California will not require schoolchildren to be immunized for COVID-19 after Gov. Gavin Newsom announced Thursday that he is pausing a state mandate set to go into effect before the upcoming academic year while an influential Democratic lawmaker said he will drop his bill pushing even stricter inoculation rules.Newsom made headlines in October when he…Continue Reading

Critic’s PickSam Rockwell, Laurence Fishburne and Darren Criss star in an electric revival of the David Mamet play about capitalism in a junk shop.Sam Rockwell, left, and Laurence Fishburne in a revival of “American Buffalo” at Circle in the Square in Manhattan.Credit…Sara Krulwich/The New York TimesApril 14, 2022American BuffaloNYT Critic’s PickBroadway, Drama, Play1 hour 40…Continue Reading

As automation continues to make a sizable impact on the real estate industry, finding the smartest ways to utilize it can help lenders sharpen their competitive edge. HousingWire recently spoke with Erin Wilson, Senior Vice President of Client Services at DataVerify, about how automating customizable workflows can help lenders save time, enabling them to focus…Continue Reading

Two of the nation’s largest banks – JPMorgan Chase and Wells Fargo & Co. – had their mortgage businesses hit hard by the higher interest rate landscape in the first quarter of 2022.The financial institutions reported double-digit declines in origination volume and net earnings from January to March, which were partially offset by strong performances…Continue Reading

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.” HousingWire wondered: just what were those limited circumstances? According to the government sponsored entity, the only transactions ineligible for an attorney title opinion letter are those that…Continue Reading

President Joseph Biden Federal agencies committed to further racial equity through new equity action plans, but for housing, the action plan is light on new action. The housing plan lacks any participation from the Federal Housing Finance Agency, which is not a cabinet level agency, but oversees the federal entities that back most of the…Continue Reading

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio?In short, uncertainty is the…Continue Reading