GlobeSt.com, Nov. 27, 2019–Kelsi Maree BorlandMetro Group Realty Finance says that the Fed’s interest rate reductions have little to do with financing activity, because most commercial real estate lending is …
Category: Top National News
HUD Asks for Input on Policies that May Limit Affordable Housing (subscription)
American Banker, Nov. 26, 2019–Hannah LangThe request for information was issued as part of HUD Secretary Ben Carson’s role as the chair of the White House Council on Eliminating Regulatory …
CFPB Considering Changes to Loan Originator Compensation Rules
HousingWire, Nov. 26, 2019–Ben LaneLate last week, the CFPB released its semiannual regulatory agenda, which stated that the bureau is considering a rulemaking to “address certain concerns” about the LO …
Supreme Court to Hear CFPB Constitutionality Case in March (subscription)
National Mortgage News, Nov. 26, 2019–Kate BerryThe Supreme Court on Tuesday said it will hear arguments March 3 in a case challenging the constitutionality of the Consumer Financial Protection Bureau’s …
Property Investors Follow Millennials to the Hot Mountain States (subscription)
Wall Street Journal, Nov. 26, 2019–Konrad PutzierForget Brooklyn and San Francisco. Millennials and plenty of others seeking a lower cost of living are pouring into the Western mountain states, boosting …
Low Mortgage Rates Will Push Home Lending to 12-Year High (MBA mention)
HousingWire, Nov. 25, 2019–Kathleen HowleyLow mortgage rates will push home lending this year to a 12-year high of $2.07 trillion, the Mortgage Bankers Association said in a forecast.https://www.housingwire.com/articles/low-mortgage-rates-will-push-home-lending-to-12-year-high/
OCC Gives Banks Another Break on Their Assessment Fees (subscription)
American Banker, Nov. 25, 2019–Neil HaggertyThe Office of the Comptroller of the Currency is once again reducing its assessment fee collected from banks by 10% for the 2020 calendar year, …
LendingTree: Pool of Mortgage Borrowers Receiving Interest Rates Under 4% is Rising
HousingWire, Nov. 25, 2019–Alcynna LloydLendingTree indicates that for 30-year fixed-rate mortgages, 51.5% of purchase borrowers received offers under 4%, increasing from 48.2% the previous week.https://www.housingwire.com/articles/lendingtree-pool-of-mortgage-borrowers-receiving-interest-rates-under-4-is-rising/
Pondering the Future of Private-Label Mortgage-Backed Securities (subscription)
National Mortgage News, Nov. 25, 2019–Christopher Whelan To make the vision of a larger market for private mortgages a reality, the industry needs to address the issue of trustee duties …
(Analysis) Treasury Department Releases Housing Reform Plan
National Mortgage Professional, Nov. 25, 2019–Gavin T. AlesThe author, with DocMagic, says the Treasury plan lacks specifics regarding some of the recommendations and does not contain any timeline for implementation.https://nationalmortgageprofessional.com/news/73072/treasury-department-releases-housing-reform-plan