National Mortgage Professional, Dec. 16, 2019–Phil HallEight law firms are seeking input from stockholders in Sterling Bancorp following the company’s decision to indefinitely suspend its Non-QM Advantage Loan program.https://nationalmortgageprofessional.com/news/73247/firms-investigate-sterling-bancorphalt-program
Category: Top National News
House Members to Pelosi: Stop Hiking VA Loan Fees to Fund Benefits
HousingWire, Dec. 16, 2019–Kathleen HowleyWhen Congress passed the Blue Water Navy Vietnam Veterans Act and President Donald Trump signed it on June 25, it was applauded as overdue help for …
Commercial/Multifamily Mortgage Delinquencies Stay Low
Commercial Property Executive, Dec. 16, 2019–Jamie Woodwell2019 continues to be a very solid year for commercial real estate, with increasing originations and very low delinquencies. Loans financing commercial and multifamily …
Strong Consumer Demand Buoys Mortgage Lender Outlook
Mortgage Professional America, Dec. 16, 2019–Candyd MendozaThe Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report showed that lenders earned an average of $1,924 per loan last quarter, compared to a …
The Nine Most Resilient U.S. Office Markets
National Real Estate Investor, Dec. 16, 2019–Patricia KirkSan Francisco, Los Angeles and New York are among the office markets most likely to show resilience in a recession or economic downturn.https://www.nreionline.com/office/nine-most-resilient-us-office-markets?
U.S. Consumers Show Greater Demand for Credit, Rejection Rates Drop: NY Fed Survey
Reuters, Dec. 16, 2019–Jonnelle MarteU.S. consumers showed greater appetite for loans this year – driven by stronger demand for mortgages amid lower rates – and they had an easier time …
U.S. Economy Shakes Free of Recession Fears in Striking Turnaround Since August
Washington Post, Dec. 15, 2019–Heather LongThe U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution …
Reactions to CRA Plan Signal Long Fight Ahead
American Banker, Dec. 15, 2019–Brenan Pedersen (subscription)Bank regulators moved the needle this week on efforts to reform the Community Reinvestment Act, but their sweeping proposal could set in motion a …
Gundlach’s $150 Billion Decade May Be His Industry’s Last Hurrah
Bloomberg, Dec. 13, 2019–John GittelsohnA decade after the star investor known to his staff as “the Godfather” stunned Wall Street with his bitter split from TCW Group and creation of …
Lackluster U.S. Retail Sales Dim Fourth Quarter Economic Growth Outlook
Reuters, Dec. 13, 2019–Lucia MutikaniU.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labor market, raising fears the economy was …