Bloomberg, Nov. 14, 2019–Oshrat CarmielThe great Manhattan rent surge of 2019 is tapering off. Apartments leased for a median of $3,409 in October, up 0.7% from a year earlier, according …
Category: Top National News
Subzero Interest Rates Are Luring Insurers to Risk
New York Times, Nov. 13, 2019–Jack EwingUsually the most strait-laced of investors, insurance companies are letting loose to gain some income, drawing the attention of regulators.https://www.nytimes.com/2019/11/13/business/insurance-negative-interest-rates.html?nl=todaysheadlines&emc=edit_th_191114?campaign_id=2&instance_id=13712&segment_id=18767&user_id=e670283fb4fff3d4391d6f88569ad498®i_id=420636741114
U.S. Inflation Firms on Rising Healthcare, Energy Costs
Reuters, Nov. 13, 2019–Lucia MutikaniU.S. consumer prices jumped by the most in seven months in October, which together with abating fears of a recession, support the Federal Reserve’s signal for …
Fannie and Freddie Will Likely Exit Conservatorship by 2024, Calabria Says
National Mortgage News, Nov. 13, 2019–Neil Haggerty (subscription)Federal Housing Finance Agency Director Mark Calabria said Fannie Mae and Freddie Mac are expected to be out of government conservatorship by the …
Reports Conclude: Downpayment Assistance Programs Have No Impact on Loan Performance
National Mortgage Professional Magazine, Nov. 13, 2019A report released by the Harvard Joint Center for Housing Studies has found that downpayment assistance programs had little impact on loan performance. The …
Fed’s Powell Signals Comfort With Current Interest-Rate Stance
Wall Street Journal, Nov. 13, 2019–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell told lawmakers the central bank saw little need to cut interest rates further after making three reductions since …
Weekly Mortgage Applications Jump to Highest Level in Over a Month…
CNBC, Nov. 13, 2019–Diana OlickMortgage rates are turning higher again, and that was likely behind a major surge in mortgage application volume last week, according to the Mortgage Bankers Association.https://www.cnbc.com/2019/11/13/weekly-mortgage-applications-jump-to-highest-level-in-over-a-month.html
OCC’s Otting on CRA Timeline, Camels and Fintech Legal Battles
American Banker, Nov. 12, 2019–Brendan Pedersen (subscription)The three federal bank regulators usually try to issue rules jointly, but Comptroller of the Currency Joseph Otting on Tuesday pointed to two areas …
RealPage: The Size of the Average U.S. Household is Growing
HousingWire, Nov. 12, 2019–Julia FalconFor the first time since 1850, the average size of the U.S. household is on the rise, RealPage says.https://www.housingwire.com/articles/realpage-the-size-of-the-average-us-household-is-growing/
House, Senate Bills Would Cap Consumer Loans at 36%
American Banker, Nov. 12, 2019–Paul Centopani (subscription)Sens. Sherrod Brown, D-Ohio, Jeff Merkley, D-Ore., Jack Reed, D-R.I., and Chris Van Hollen, D-Md., introduced the Veterans and Consumers Fair Credit Act to …