The U.S. government’s modernization of the immigrant investor program goes into effect today with new rules–most notably, an 80 percent increase in the investment minimum.
Category: Top National News
A Month In The Life Of Retail Real Estate
Every month adult consumers make an average of 22.5 visits to retail real estate properties–4.6 billion visits every month. That’s a far cry from the retail apocalypse that has been repeatedly cited in the media.
FHFA Extends Deadline to Give the Market More Time to Weight UMBS Plan (subscription)
National Mortgage News, Nov. 19, 2019–Bonnie Sinnock The Federal Housing Finance Agency has extended its deadline for investor comments on a proposal aimed at better aligning pooling practices for loans …
Fannie, Freddie Regulator Launches Process for New Capital Requirements at Mortgage-Finance Firms (subscription)
Wall Street Journal, Nov. 19, 2019–Andrew Ackerman The Tuesday announcement by the Federal Housing Finance Agency is a sign it thinks the companies likely need more than $180 billion in …
CMBS is Vital Component of $3.5 Trillion U.S. Commercial Finance Industry
World Property Journal, Nov. 19, 2019–Michael GerrityBased on a new white paper by the Mortgage Bankers Association titled Role of CMBS in the Financing of Commercial and Multifamily Real Estate …
Despite Upticks in Home Equity, HELOCs Hit Record Low
The Mortgage Reports, Nov. 19, 2019–Aly J. YaleA study from the Mortgage Bankers Association shows overall demand from HELOC is down, largely due to confusion around its tax deductibility. The …
FHFA Will Re-Propose Capital Rule for Fannie, Freddie (subscription)
National Mortgage News, Nov. 19, 2019–Hannah Lang The Federal Housing Finance Agency will re-propose the entire post-conservatorship capital framework originally put forward in June 2018 under former agency director Mel …
October Sizzled With New Home Mortgage Applications
Mortgage applications for new home purchases in October were up by nine percent from the previous month and up by 31.5 percent from one year ago, according to data from the latest Mortgage Bankers Association Builder Applications Survey.
Short-Term Rentals Have Modest Impact on Home Prices, Study Suggests
Short-term vacation rentals haven’t significantly contributed to the rise in American housing costs, according to a nationwide study by Oxford Economics that was commissioned by booking website Expedia.
Risky Mortgage Bonds Return as Delinquencies Pile Up
The subprime mortgage-backed bond may be dead in America a decade after it helped trigger the global financial crisis, but a security with some of the same high-risk characteristics is starting to take off. Bloomberg’s Claire Boston reports on “Bloomberg Daybreak: Americas.”