The Lede
Top National News
Canadian Real Estate Feels the Love From Foreign Buyers
Reuters, Jan. 25, 2016--Lampert, Allison; Mouallem, Omar Foreign investors are snapping up ski chalets and commercial properties in Canada as a drop in the nation's sagging currency in the past two years means their money buys much more.
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Good Times, Redefined
National Real Estate Investor, Jan. 25, 2016--Mellen, Chris
These are good times, redefined, brought into high-definition, so to speak, in three areas directly impacting commercial real estate: the nature of opportunity, the oddity of our economy and the growing threat of terrorism.
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CFPB’s ‘To Do’ List Grows as Election Looms
BloombergBNA, Jan. 25, 2016--Bater, Jeff (Banking Daily)
The Consumer Financial Protection Bureau is running out of time before the 2016 election could bring a possible change in direction--or an entirely new structure should Republicans take the White House.
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Citizen CEO on How TRID Blocked Its Progress
HousingWire, Jan. 25, 2016--Swanson, Brena
Originally, Citizens Financial Group planned to add 350 mortgage lenders, giving it a total of 700, by the end of 2016. But the goal failed to fully account for the impact of the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures rule that went into effect in October.
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Here’s What the Fed’s ‘Workhorse’ Recession Model Is Telling Us About the U.S. Economy
Bloomberg, Jan. 25, 2016--Verhage, Julie
Global equities have started 2016 by falling within points of a bear market, and a number of market participants are now asking whether this is just a blip on the way higher or the start of something worse-such as the onset of an economic downturn in the U.S.
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Worried About a U.S. Recession? You Shouldn’t Be
Bloomberg, Jan. 25, 2016--Jackson, Anna-Louise
It wouldn't take much to look at the performance of markets these days and draw the conclusion that investors deem a U.S. recession as all but inevitable. A deeper dive finds a more benign scenario.
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Fed Says Policy Meeting to Go Forward as Scheduled Despite Snow
Reuters, Jan. 25, 2016--Ahmann, Timothy
The U.S. Federal Reserve said on Monday its policy meeting set for Tuesday and Wednesday would go forward as scheduled despite an ongoing cleanup in Washington after a major snowstorm.
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U.S. Census Tracts: Get Access To Special Mortgages Because Of Where You Live
The Mortgage Reports, Jan. 25, 2016
The U.S. government has expanded its access to mortgage- and downpayment-assistance loan programs and huge swaths of the country are now eligible.
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Huntington Bancshares to Buy FirstMerit
Wall Street Journal, Jan. 26, 2016--Glazer, Emily; Ensign, Rachel Louise
Huntington Bancshares said it would acquire FirstMerit Corp. for $3.4 billion in stock and cash in a tie-up of two Ohio-based lenders.
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J.P. Morgan to Pay $1.42 Billion to Settle Most Lehman Claims
Wall Street Journal, Jan. 25, 2016--Fitzgerald, Patrick
J.P. Morgan Chase & Co. has agreed to pay the remnants of Lehman Brothers Holdings Inc. $1.42 billion in cash to settle most of the failed investment bank's lawsuit over claims that J.P. Morgan illegally siphoned billions of dollars from Lehman before its collapse.
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J.P. Morgan Settles with Ambac for $995 Million
Wall Street Journal, Jan. 26, 2016--Hufford, Austen
In the latest settlement stemming from the financial crisis, J.P. Morgan Chase & Co. agreed to pay bond insurer Ambac Financial Group Inc. $995 million to settle lawsuits alleging it misrepresented the quality of mortgages backing hundreds of securities it insured.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Presents Mortgage Banking Bound–Careers in Mortgage Lending
MBA Education presents Mortgage Banking Bound--Careers in Mortgage Lending, with upcoming courses this winter.
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