MBA is pleased that the Bureau has issued this interpretive rule to provide helpful clarity ahead of temporary authority becoming operative at the end of the month,” said Justin Wiseman, the Mortgage Bankers Association‘s managing regulatory counsel.
Category: Top National News
Investors Hit the Pause Button on CRE Debt Strategies
Private equity real estate funds have stepped up to be a major source of financing for the commercial real estate industry—and a bigger allocation for investors. However, fund managers may face a tougher road ahead for fundraising in the near term as capital flows to the sector slow.
The Fed is Buying Billions of Mortgage Bonds–Here’s Why it Matters
MarketWatch, Nov. 18, 2019–Joy WiltermuthThe Federal Reserve has dramatically picked up the pace of its mortgage bond purchases in recent months as it seeks to keep the housing finance market …
OCC Offers Road Map for Banks to Bypass ‘Madden’ Ruling
American Banker, Nov. 18, 2019–Neil Haggerty (subscription)The Office of the Comptroller of the Currency proposed steps Monday for banks to be able to work around a 2015 court ruling that …
Guild Mortgage CEO McGarry Gives Up President’s Job, Promotes Schmidt
National Mortgage News, Nov. 18, 2019–Brad Finkelstein (subscription)Guild Mortgage CEO Mary Ann McGarry is giving up the president’s title as the San Diego-based company continues its national expansion plans. Terry …
Powell Meets With Trump, a Frequent Critic, to Discuss Economy
Wall Street Journal, Nov. 18, 2019–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell met with President Trump, who has criticized the central bank dozens of times this year, at the White …
Mortgage Brokers’ Share of the Market Rebounding
MReport, Nov. 18, 2019–Mike AlbaneseCoreLogic reports that the mortgage brokers’ share of conventional conforming mortgages rose to 16% in 2019, which more than double what it was from its low …
Commercial/Multifamily Mortgage Originations Index
Commercial Property Executive, Nov. 18, 2019–Jamie WoodwellMBA Vice President of Commercial/Multifamily Research & Economics breaks down third quarter commercial and multifamily loan originations.https://www.cpexecutive.com/post/commercial-multifamily-mortgage-originations-index/
Starter Homes May Be Making a Comeback
HousingWire, Nov. 15, 2019–Maleesa SmithEconomists at Capital Economics are anticipating a rise in new homes sold for under $300,000, from under 50% currently to about 55% by the end of …
Parents Can Hurt as Much as Help
UExpress, Nov. 15, 2019–Lew SichelmanParents can take a number of steps to help their offspring purchase their first homes. They can donate money for a down payment, co-sign on a …