Washington Post, Nov. 22, 2019–Abha BhattaraiIn their heyday, they were monuments to consumerism that doubled as cultural touchstone, inspiring films like “Mallrats” and board games like Mall Madness. But in …
Category: Top National News
House Dems Call on HUD to Rescind Changes to Disparate Impact Standard (subscription)
American Banker, Nov. 22, 2019–Neil HaggertyIn a scathing letter to HUD Secretary Ben Carson Friday, all of the Democrats on the House Financial Services Committee called on the department to …
CFPB Highlights Bank/Nonbank Split in Servicer Size Tiers (subscription)
National Mortgage News, Nov. 22, 2019–Bonnie SinnockThe nonbank share of large mortgage servicing is growing, but smaller players tend to be depositories, the Consumer Financial Protection Bureau found in a …
Disaster Coverage Is a Disaster for Most
UExpress, Nov. 22, 2019–Lew SichelmanMany — if not most — homeowners aren’t prepared for a flood, tornado or other natural disaster. And neither, apparently, are their insurance companies.https://www.uexpress.com/housing-scene/2019/11/22/disaster-coverage-is-a-disaster-for
Freddie Mac Sell $22 Million in Non-Performing Loans
HousingWire, Nov. 22, 2019–Kelsey RamirezThe 87 loans were serviced by Specialized Loan Servicing, and transferred to VRMTG ACQ, a minority and woman-owned business. It was part of Freddie Mac’s Extended …
5 Questions for Former GSE Regulator Armando Falcon (subscription)
National Mortgage News, Nov. 22, 2019–Brad Finkelstein Mortgage lending is closer than ever to having a truly paperless process, according to Armando Falcon, a former regulator who is currently consulting …
Lenders Brace for Private-Equity Loan Defaults (subscription)
Wall Street Journal, Nov. 22, 2019–Matt WirzThe default risk of companies owned by private-equity firms is 2.5 times that of their public counterparts, according to data collected from banks, insurers …
Independent Mortgage Banker Profits Near 7-Year High
Mortgage Professional America, Nov. 22, 2019–Ryan SmithProfits for independent mortgage banks and mortgage subsidiaries of chartered banks hit an almost seven-year high in the third quarter, according to a new …
Five Tips for Securing Multifamily Financing and Articulating Your Case to Capital Providers (MBA mention)
National Real Estate Investor, Nov. 22, 2019–John AhernFor those seeking capital for a multifamily property, it’s important to articulate your strengths as a borrower to potential capital providers. To do …
Blackstone Group Leaves Single-Family Rental Business
DS News, Nov. 21, 2019–Seth WelbornThe Blackstone Group Inc. has sold the last of its shares in Invitation Homes, the company’s rental business. Blackstone sold around 11% of Invitation Homes’ …