Mortgage Daily, July 18, 2018Fannie Mae raised its forecast for the origination of loans to finance single-family home purchases for both this year and next year.
Category: Top National News
Over $6 Billion in GSE Mortgages Sold
Mortgage Daily, July 17, 2018The sale involved four Fannie Mae pools containing a total of 26,900 single-family loans that have a collective unpaid principal balance of $6.14 billion.
Goldman Sachs CEO Lloyd Blankfein Retiring; David Solomon to Take Over
HousingWire, July 17, 2018–Ben LaneGoldman Sachs announced Tuesday that Blankfein will be stepping down as CEO and chairman of the board of directors on Sept. 30, 2018. Upon his retirement, Blankfein will assume the title of senior chairman. Solomon will take over as CEO and join the firm’s board on Oct. 1.
FHFA, Like CFPB, Finds Its Constitutionality in Doubt
National Mortgage News, July 17, 2018–Hannah Long (subscription)The question of what are appropriate checks on independent regulators continues to be a focus for courts around the country, but the issue has now extended way beyond the Consumer Financial Protection Bureau.
As CRE Lending Landscape Shifts, Nonbank Lenders Step Up
Forbes, July 16, 2018–Evan GentryEven though CRE loans celebrated a record-breaking year in 2017, according to a Mortgage Bankers Association report, the CRE market also started to see slowing property value growth and decelerating property sales.
Real Estate Pros are a Diverse Bunch, Let’s Find More
Mortgage Professional America, July 16, 2018–Steve RandallCareer Building Communities is a collaboration of 29 real estate organizations, representing more than 10 million jobs, with the mission to highlight diverse career paths available in the industry. The Mortgage Bankers Association is among those who have joined the initiative.
Mortgages Matter More than Jobs to Voters
MarketWatch, July 16, 2017–Andrea RiquierIn “Mortgage Market Credit Conditions and U.S. Presidential Elections,” Alexis Antoniades of Georgetown University and Charles W. Calomiris of Columbia University show that changes in the availability of mortgage credit affect voting patterns in presidential elections. In turn, that influences politicians’ behavior.
Monthly Issuance Rises at Ginnie Mae
Mortgage Daily, July 16, 2018Issuance of Ginnie Mae mortgage-backed securities amounted to $36.999 billion during June, according to data released Monday by the government-owned organization.
BofA Earnings, Mortgage Originations Up
Mortgage Daily, July 16, 2018Quarterly earnings were stronger at Bank of America Corp. as originations improved. The payroll expanded, and the residential and commercial mortgage portfolios grew.
Waters, Hensarling Put Forth Massive Bipartisan Economic Growth Bill
HousingWire, July 16, 2018–Kelsey RamirezThe enormous bipartisan push for the legislative package, known as the JOBS and Investor Confidence Act of 2018, is made up of 32 individual pieces of legislation that have passed the committee or House this congressional session with broad bipartisan and sometimes even unanimous support.