National Mortgage News, Apr. 10, 2018–Brad Finkelstein (subscription)The future secondary mortgage market entities will receive high investment grade ratings, even as there is no clarity on their scope or form, Fitch Ratings said.
Category: Top National News
Homeonwers’ Estimates Move Close to Appraised Home Values in March
HousingWire, Apr. 10, 2018–Kelsey RamirezHomeowners are growing closer to estimating their home’s appraised value, according to the latest Home Price Perception Index from Quicken Loans.
Record 2017 Commercial Mortgage Originations
Mortgage Daily, Apr. 10, 2018Not only did originators lift annual commercial real estate lending volume last year, they pushed it past the pre-crisis record level, the Mortgage Bankers Association said.
Huge Agency MSR Portfolio On the Market
Mortgage Daily, Apr. 10, 2018Bids are being accepted on an offering of MSRs on 24,594 single-family loans with a collective unpaid principal balance of $6.148 billion.
Click to Buy: Some Sears Stores Are Being Auctioned Online
Wall Street Journal, Apr. 10, 2018–Esther Fung (subscription)Real estate services firm Cushman & Wakefield is partnering with Real Insight Marketplace, an online auction platform, to help Sears sell 16 profitable store locations.
5 Issues that Could Make Sparks Fly in Mulvaney Testimony
National Mortgage News, Apr. 10, 2018–Rachel Witkowski, Victoria Finkle (subscription)Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, is headed back to Congress this week, only this time he’ll be the one under fire.
Luxury Homes Are Taking Longer to Sell and That’s Costing Owners
Bloomberg, Apr. 11, 2018–Oshrat CarmielLast year, 72 percent of the most-expensive properties in the U.S. took longer than 180 days to sell, a sharp jump from 2015, when 59 percent of homes lingered for that long, according to a report Wednesday by Concierge Auctions.
Federal Reserve Proposes New Capital Rules For Wall Street
Reuters, Apr. 11, 2018–Patrick RuckerThe Federal Reserve on Tuesday proposed new rules that could allow some large banks to reduce the amount of capital they must hold as a cushion against a future economic shock.
Services, Food Boost U.S. Producer Prices in March
Reuters, Apr. 10, 2018–Lucia MutikaniU.S. producer prices increased more than expected in March, boosted by rising healthcare and food costs, pointing to a steady buildup of inflation pressures.
U.S. Watchdog Seeks Record Fine Against Wells Fargo for Abuses
Reuters, Apr. 9, 2018–Patrick RuckerThe Consumer Financial Protection Bureau is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, sources said.