UExpress, June 8, 2018–Lew SichelmanOne new app can help home buyers determine how flight patterns affect home searches; another purchases homes of seniors but allows them to remain in the house for as long as they live.
Category: Top National News
Ben Carson Walks Back Plan to Triple Rent for Poor
The Hill, June 9, 2018–Max GreenwoodHUD Secretary Ben Carson backed away on Friday from a plan to triple the minimum rent that the poorest Americans pay for federally subsidized housing.
New MBA Chief’s Hardest Job? Not Screwing Things Up
National Mortgage News, June 8, 2018–Brad Finkelstein, Austin Kilgore (free story)”I will come in with a fresh set of eyes and ears and listen to the concerns of our members and respond accordingly,” Robert Broeksmit said. Still, “I am coming into the MBA when it is as strong as it’s ever been, and not coming in anticipating that there are substantive immediate changes that need to be made.”
Waters Renews Calls for Long-Term Flood Insurance Program
HousingWire, June 8, 2018–Kelsey RamirezThe National Flood Insurance Program is set to expire in July, and Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., is renewing the call to pass a long-term solution for the problem.
New York City to Spend $2 Billion Over Decade in Public-Housing Agreement
Wall Street Journal, June 10, 2018–Corinne Ramey, Laura Kusisto (subscription)New York City has agreed to spend more than $2 billion over a decade to settle federal prosecutors’ investigation into health and safety issues at the country’s largest public-housing authority.
Wall Street Is Awash in Sublease Space. It’s a Bad Sign for Landlords
Bloomberg, June 11, 2018–David M Levitt (subscription)As companies realize they need less office space than they leased, they’re dumping more than 600,000 square feet of subleases downtown, competing with their own landlords and threatening to undercut rents.
Mortgage Executives Land New Jobs
Mortgage Daily, June 11, 2018–Sam GarciaFreddie Mac said John Krenitsky has been hired as senior vice president and chief compliance officer. He was recruited from Discover Financial Services.
PHH ‘Extremely Gratified’ By CFPB Dismissal
Mortgage Daily, June 8, 2018PHH Corp. is celebrating the Consumer Financial Protection Bureau’s dismissal of a closely watched case involving alleged violations of the Real Estate Settlement Procedures Act.
MBA Taps Industry Vet Robert Broeksmit to Succeed David Stevens as CEO
National Mortgage News, June 7, 2018–Brad Finkelstein (subscription)Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.
MBA Names Robert D. Broeksmit as Stevens’ Successor
National Mortgage Professional, June 7, 2018–Phil HallBroeksmit is no stranger to MBA, previously serving on its Board of Directors and as Chairman of the Residential Board of Governors. He is also a former Chairman of the American Bankers Association’s Mortgage Markets Committee, and holds a Certified Mortgage Banker (CMB) designation.