New York Times, Jan. 15, 2020–Emily FlitterBusiness boomed for JPMorgan Chase and Citigroup last year. Even Wells Fargo, which is struggling with operational problems, managed to make shareholders happy.https://www.nytimes.com/2020/01/14/business/jpmorgan-citigroup-wells-fargo-earnings.html?nl=todaysheadlines&emc=edit_th_200115?campaign_id=2&instance_id=15087&segment_id=20334&user_id=e670283fb4fff3d4391d6f88569ad498®i_id=420636740115
Category: Top National News
Dying Malls? This One Has Found a Way to Thrive
New York Times, Jan. 14, 2020–C.J. HughesAventura Mall, near Miami, isn’t shy about investing in its infrastructure and is widely considered one of the most successful malls in the country.https://www.nytimes.com/2020/01/14/business/aventura-shopping-mall-entertainment.html?nl=todaysheadlines&emc=edit_th_200115?campaign_id=2&instance_id=15087&segment_id=20334&user_id=e670283fb4fff3d4391d6f88569ad498®i_id=420636740115
LIBOR Transition, Multi-Family Policy Top Regulatory Issues
Commercial Mortgage Alert, Jan. 13, 2020–Steve Chambers“…Pendergast and Bruce Oliver, an associate vice president at the Mortgage Bankers Association, both pointed to the need for affordable housing as an important …
CRE Not Done Growing (Quite) Yet
Commercial Real Estate Direct, Jan. 14, 2020–Jamie WoodwellMBA Vice President says commercial real estate and finance markets have been on a long-running roll, noting since the end of the financial …
Automation Is Coming for Commercial Real Estate
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 …
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