HousingWire, Nov. 5, 2019–Julia FalconIn the third quarter, multifamily vacancy fell to 3.6%, down 40 basis points from 2018, to the lowest level since 2000, according to a report from …
Category: Top National News
As Federal Fintech Regulatory Plans Founder, a Push for Alternatives
American Banker, Nov. 5, 2019–Brendan Pedersen (subscription)As federal regulatory options for fintech firms remain elusive, many in the space are pushing for the creation of an alternative “flexible” supervisory regime …
Federal Reserve: Mortgage Demand Increased in 3Q
HousingWire, Nov. 5, 2019–Kathleen HowleyThe Federal Reserve’s Senior Loan Officer Opinion Survey showed more demand for consumer credit and mortgages in the third quarter and a softening in demand for …
Ocwen’s Cost Savings Initiatives Steer it Toward Profitability: CEO
National Mortgage News, Nov. 5, 2019–Brad Finkelstein (subscription)Ocwen Financial’s cost-cutting initiatives are bearing fruit toward returning to profitability, management said, although the company’s third-quarter loss was slightly higher than the …
Fed’s Barkin: High Uncertainty May Be Damping Effectiveness of Fed Policy
Wall Street Journal, Nov. 5, 2019–Michael S. Derby (subscription)Richmond Fed President Thomas Barkin said an uncertain economic and political environment may be making central bank monetary policy choices less effective …
$11 Trillion U.S. Mortgage Market Has a Shadowy New Player
Bloomberg, Nov. 5, 2019–Rich MillerFinancial regulators led by the Treasury’s Steven Mnuchin and the Federal Reserve’s Jerome Powell have been put on notice about the risk of an economically damaging …
Trump Administration Asks Supreme Court to Rule on GSE Profit Sweep
HousingWire, Nov. 4, 2019–Kelsey RamirezIn September, an appeals court ruled the government’s net worth sweep of Fannie Mae and Freddie Mac to be unconstitutional, a decision the Trump administration is …
What CFPB’s Day in Court Will Mean for FHFA
American Banker, Nov. 4, 2019–Hannah Lang (subscription)The Supreme Court is ready to weigh in on the CFPB’s leadership structure, but both agencies are facing similar constitutional challenges, suggesting a broader …
Orix Buys U.S. Commercial Mortgage Lender Hunt
National Mortgage News, Nov. 4, 2019 (subscription)The Japanese finance and leasing firm is buying all Hunt Real Estate Capital shares from privately owned Hunt Companies Inc. The price was not …
The Government Should Have Shut Down Fannie and Freddie In 2008–They Still Can
Forbes, Nob. 4, 2019–Norbert MichelOur nation’s housing finance system was at the center of the 2008 financial crisis. Yet our elected officials have done nothing to fix the problem—until now. …