Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Acting Comptroller Takes the Reigns at OCC

John Walsh became acting comptroller of currency on Sunday, succeeding John Dugan as he completes his five-year term at the Office of the Comptroller of the Currency (OCC).

Dugan's departure from the OCC, unveiled earlier in July, was expected on August 14.

"I am honored to have this opportunity to serve as acting Comptroller of the Currency and lead our highly professional staff while President Obama considers his appointment of the 30th Comptroller of the Currency," Walsh said.

"This is an important and challenging period in the 147-year history of the Office of the Comptroller of the Currency," he added. "We have much work to do in the coming months, including continued supervision of the national banking system as we emerge from a severe recession; implementation of the many requirements of the new financial reform law, including the transfer of the Office of Thrift Supervision's functions into the OCC; and completion of the Basel III capital accord."

Walsh served as chief of staff and public affairs since 2005, including all aspects of the agency's operations. He joined the OCC from the Group of Thirty, a consultative group that focuses on international economic and monetary affairs, where he served as executive director. Walsh served on the staff of the Senate Banking Committee from 1986 to 1992, and as an international economist for the Treasury Department from 1984 to 1986.

The Treasury's move to pick Walsh skipped the second-in-command at the OCC — Julie Williams — who was appointed chief counsel of the OCC in 1994. She currently serves as first senior deputy comptroller and chief counsel, but previously served as acting comptroller of the currency, first from April to December 1998 and then from October 2004 through August 2005.

The Treasury has issued statements supporting Williams' qualifications for her current role, but neither the Treasury nor the OCC could comment on her qualifications for the acting comptroller role.

Write to Diana Golobay.

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