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 …
Category: Top National News
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’ …
Waters, Harris Unveil Plan to Boost Affordable Housing Investments (subscription)
National Mortgage News, Nov. 21, 2019–Neil HaggertyThe California Democrat on Thursday introduced a bill, the Housing is Infrastructure Act, which is aimed at alleviating the public housing capital backlog and …
Will Fannie and Freddie Comply with New Privacy Law?
Riverside Press-Enterprise, Nov. 21, 2019–Jeff LazersonThe Consumer Privacy Act, or CCPA, takes effect Jan. 1, greatly expanding consumer protections and giving you the right to sue when your privacy rights …
Rep. Omar Proposes $1 Trillion Homes for All Act
National Mortgage Professional, Nov. 21, 2019–Phil HallRep. Ilhan Omar, D-Minn., introduced legislation designed to construct 12 million new public and private affordable housing units at a cost of $1 trillion.https://nationalmortgageprofessional.com/news/73049/omar-proposestrillion-homes
Fed Adds $103.65 Billion to Financial System (subscription)
Wall Street Journal, Nov. 21, 2019–Michael S. Derby The Federal Reserve Bank of New York added $103.65 billion in temporary liquidity to the financial system on Thursday. The intervention came …
Trump Signs Short-Term Spending Bill to Avert Shutdown
The Hill, Nov. 21, 2019–Niv ElisThe measure, which passed in the Senate earlier Thursday and in the House on Tuesday, bought Congressional negotiators an additional four weeks to hammer out …
Lenders are Making More Money on Mortgages Than They Have Since 2012
HousingWire, Nov. 21, 2019–Ben LaneA new report from the Mortgage Bankers Association shows that independent mortgage banks and mortgage subsidiaries of chartered banks saw a profit of $1,924 on each …