National Mortgage Professional, Jan. 15, 2019–Phil HallEduardo “Eddy” Perez, president of Equity Prime Mortgage LLC, will serve as MORPAC chairman and Jeffrey C. Taylor, Co-Founder and Managing Director of Digital Risk LLC, will chair the Mortgage Action Alliance.
Category: Top National News
Fed’s George Turns Dovish, Makes Case for ‘Pause’ on Rate Hikes
Reuters, Jan. 15, 2019–Ann SaphirIn a remarkable shift by one of the U.S. central bank’s most hawkish policymakers, Esther George, president of the Federal Reserve Bank of Kansas City, on Tuesday made the case for patience and caution on interest rate hikes to avoid choking off growth.
A Breakdown of the Government Shutdown’s Impact on CRE
National Real Estate Investor, Jan. 16, 2019–Beth Mattson-TeigThe federal government shutdown that is now rapidly approaching the one-month mark is creating both direct and indirect ripple effects on the commercial and residential real estate sectors.
U.S. Third Quarter 2018 Commercial, Multifamily Loan Data Released by MBA
World Property Journal, Jan. 4, 2019–Monsef RachidAccording to the Mortgage Bankers Association’s third quarter of 2018 Commercial/Multifamily DataBook, as researched by Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research; the overall U.S. economic strength in the first three quarters of 2018 has further tightened the job market.
MBA Political Action Committee Raised Record Amount in 2018
National Mortgage News, Jan. 2, 2019–Paul Centopani (free article)With its bolstered fundraising cache, the Mortgage Bankers Association Political Action Committee should hold an increased influence over the industry’s policy and regulation issues in the coming year.
What a Landlord Needs to Know About the New Accounting Rules for Leases
Commercial Observer, Jan. 7, 2019–Steven KahnAccounting for leases–always a complex area–has undergone significant changes with the Financial Accounting Standard Board’s new leasing standard, which now requires most operating leases of lessees to be placed on the balance sheet as a liability rather than on an income statement.
MBA: Commercial Lenders Expect a Strong Year
Scotsman Guide, Jan. 8, 2019–Victor WhitmanCommercial lenders remained bullish about the year ahead, a new survey conducted by the Mortgage Bankers Association said.
High Level of New Construction Will Continue to Strain Apartment Demand in 2019
National Real Estate Investor, Jan. 8, 2019–Bendix AndersonDevelopers will keep adding pressure on the apartment sector in 2019, with plans to open hundreds of thousands of new luxury units in 2019.
FEMA Reverses Course, Reinstates NFIP ‘Without Interruption’
Mortgage Orb, Dec. 28, 2018–Patrick BarnardFaced with fierce criticism for its decision, including from the Mortgage Bankers Association, FEMA on Friday reversed course, saying in a statement that “all NFIP insurers have been directed to resume normal operations immediately and advised that the program will be considered operational since December 21, 2018 without interruption.”
Housing Finance Issues to Watch in 2019
Urban Institute, Dec. 27, 2018–Sheryl PardoKey issues being monitored by Urban Institute include affordable housing, government regulation under the Trump Administration, the new Congress and alternative credit scoring methodologies.