National Mortgage News, Feb. 13, 2020–Bonnie Sinnock (subscription)Fannie Mae identified the adoption of hedge accounting and regular issuance of multifamily Connecticut Avenue Securities deals as among strategies it could continue …
Category: Top National News
A-Rod Unloads on His Wins and Strikeouts in Commercial Real Estate
Law.com, Feb. 13, 2020–Natalie DolceBaseball great Alex Rodriguez segued from sports to private equity — and acknowledges at least one investment blooper along the way during a presentation at the …
Letters to the Editor
The Economist, Feb. 13, 2020–Robert Broeksmit, CMB (subscription)MBA President & CEO notes in the aftermath of the financial crisis, independent mortgage bankers stepped up to fill the void when many …
Fannie Mae Reports 2019 Income of $14.2 Billion
HousingWire, Feb. 13, 2020–Julia FalconFannie Mae’s fourth quarter net income came in at $4.4 billion, up from prior year’s fourth quarter net income of $3.2 billion. It was also up …
Don’t Know Your Mortgage Rate? You’re Not Alone, Study Finds
Fox Business, Feb. 13, 2020–Megan HenneyAccording to a new study published on Thursday by Bankrate, more than one in four — about 27 percent — of homeowners in the U.S. …
Commercial and Multifamily Borrowing Stronger than Ever
Mortgage Professional America, Feb. 13, 2020–Kasi JohnstonIt’s looking like 2019 will be a record-setting year when it comes to commercial and multifamily originations, according to preliminary estimates by The Mortgage …
Mortgage Qualifying Rules Get Creative
Orange County Register, Feb. 13, 2020–Jeff LazersonMind-boggling lender guidelines are based on the borrower’s claimed ability to repay the loan, not income. (MBA mention)https://www.ocregister.com/2020/02/13/mortgage-qualifying-rules-get-creative/
Republicans Expect Trump to Withdraw Controversial Fed Nominee
The Hill, Feb. 13, 2020–Alexander Bolton, Sylvan LaneSenate Republican sources expect President Trump to withdraw his nomination of Judy Shelton to serve on the Federal Reserve Board following bipartisan resistance …
Mortgage Rates Level Off as Investors Reassess Impact of Coronavirus Outbreak on Economy
Washington Post, Feb. 13, 2020–Kathy OrtonNeither a strong jobs report nor testimony by the Federal Reserve chair before Congress was enough to move mortgage rates, which were essentially flat this …
Seventy-Five Years Later: Revisiting “The Small Home of Tomorrow”
National Mortgage Professional, Feb. 11, 2020–Phil HallThe new PBS documentary, “Hollywood’s Architect: The Paul R. Williams Story,” explores the groundbreaking career of Paul R. Williams, an African-American who broke down …