GlobeSt.com, Jan. 14, 2020–Erika Morphy Commercial real estate is poised to receive a double-whammy from automation, with the technology reducing the need for space across several industries as well as …
Category: Top National News
Mortgage Rate Forecast for 2020: Experts Predict Low Rates Will Last
Seattle Times, Jan. 11, 2020–Natalie CampisiIf you’re looking to buy a home or refinance your current one in the new year, there’s good news: Today’s low mortgage rates are expected …
Fannie Mae, Freddie Mac Watchdog to Name IPO Advisor
HousingWire, Jan. 14, 2020–Kathleen HowleyThe watchdog for Fannie Mae and Freddie Mac has been interviewing advisory firms to handle the public offerings of their shares and is likely to announce …
MGM Resorts Agrees to Sell MGM Grand, Mandalay Bay to Joint Venture Including Blackstone
Wall Street Journal, Jan. 14, 2020–Katherine Sayre, Miriam Gottfried, Cara Lombardo (subscription)MGM Resorts International agreed to sell the MGM Grand and Mandalay Bay resorts and casinos on the Las Vegas …
Morningstar Nears Settlement With SEC Over Bond Ratings
Wall Street Journal, Jan. 14, 2020–Cezary Podkul, Gunjan Banerji, Dave Michaels (subscription)Morningstar Inc. is nearing a deal with federal regulators over allegations the firm violated rules in its bond-rating business …
Ironing Out the Wrinkles of the Single Security
Urban Institute, Jan. 14, 2020–Laurie Goodman, Jim Parrott, Bob RyanThe authors assess the move by Fannie Mae and Freddie Mac to a single security, called the Uniform Mortgage-Backed Security.https://www.urban.org/research/publication/ironing-out-wrinkles-single-security
JPMorgan Profit Gets Boost From Trading, Underwriting
Reuters, Jan. 14, 2020–Multiple StaffJPMorgan Chase & Co (JPM.N), the largest U.S. bank, posted a 21% rise in quarterly profit on Tuesday, driven by strength in its trading business and …
Visa Buying Fintech Company Plaid for $5.3 Billion
HousingWire, Jan. 13, 2020–Ben LaneAccording to a release, Visa views the acquisition as an entry into new businesses and “complementary” to its existing businesses.https://www.housingwire.com/articles/visa-buying-fintech-company-plaid-for-5-3-billion/?utm_campaign=Newsletter%20-%20HousingWire%20Breaking%20Alerts&utm_source=hs_email&utm_medium=email&utm_content=81853168&_hsenc=p2ANqtz-8IZ8lbcZkwpF5S1BU35ycxkaj7qFDDosEFoBAte3W7mqtjYD5kJ3FUYx42hNbf-Xsd525mQuCvb-LLfwYxebp7pWZDXg&_hsmi=81853168
Latest Puerto Rico Earthquake Further Vexing Servicers
National Mortgage News, Jan. 13, 2020–Bonnie Sinnock (subscription)(A summary was not made available by the publication)https://www.nationalmortgagenews.com/news/latest-puerto-rico-earthquake-further-vexing-mortgage-servicers
Fed’s Rosengren Sees Higher Inflation Among This Year’s Biggest Risks
Wall Street Journal, Jan. 13, 2020–Michael S. Derby (subscription)Boston Fed leader Eric Rosengren warned that the biggest risks the economy faces after last year’s rate cuts are from higher inflation …