Wall Street Journal, Oct. 21, 2019–Rachel Louise Ensign (subscription)Lingering effects of accounts scandal, revenue declines and more await banking veteran Charles Scharf.https://www.wsj.com/articles/wells-fargo-finally-has-a-ceo-heres-what-he-has-to-do-11571659202?mod=hp_lista_pos5
Category: Top National News
BankThink–Let’s Get Housing Reform Right This Time
American Banker, Oct. 21, 2019–Robert Broeksmit, CMB, et alMBA President and CEO Robert Broeksmit, CMB and leaders of other major industry trade associations pen letter urging policymakers to take “thoughtful …
Commercial Real Estate Remains Strong Even With Talk of Possible Recession
One silver lining for commercial real estate owners is that recessionary fears continue to keep U.S. Treasury yields at record lows.
FHFA May Use Consent Decrees to Reduce GSE ‘Election Risk’
HousingWire, Oct. 18, 2019–Kathleen Howley The Trump administration has laid out more than two dozen unilateral actions it wants to take to put Fannie Mae and Freddie Mac firmer ground …
How Long Can Multifamily Financing Remain Viable?
Propmodo, Oct. 20, 2019–Michael J. Richardson Since commercial and multifamily lending activity hit an all-time high in 2017, the sector has upheld strong performance and consistent growth. The Mortgage Banker …
Words Matter in Home Listings
UExpress, Oct. 18, 2019–Lew SichelmanSome real estate professionals say there are still some words neither their colleagues nor their clients should use in their listings. These phrases and terms are …
Supreme Court Agrees to Hear Challenge to Consumer Bureau’s Authority
The Hill, Oct. 18, 2019–Sylvan Lane, Harper NeidigThe Supreme Court on Friday agreed to hear a legal challenge to the Consumer Financial Protection Bureau’s authority. The Trump administration has backed …
Fed Eyes Another Rate Cut, Weighs When to Stop
Wall Street Journal, Oct. 18, 2019–Nick Timiraos (subscription)Federal Reserve officials are heading into their meeting in two weeks likely to cut interest rates while debating whether they have done enough …
Spike in U.S. Mortgage Activity Catches Biggest Banks Flat-Footed
Reuters, Oct. 18, 2019–Imani Moise A surge in U.S. mortgage applications has left Bank of America Corp, Wells Fargo & Co and other large banks scrambling to meet demand, leading …
Another Day, Another Capitol Hill Grilling for CFPB’s Kraninger
National Mortgage News, Oct. 17, 2019–Kate Berry, Neil Haggerty (subscription)The head of the Consumer Financial Protection Bureau on Thursday took more heat from congressional Democrats over her reversing her position …