Category: Top National News

Financial times, Sept. 11, 2017–Jessica Dye (subscription)A decade after the financial crisis, the US has filed a civil lawsuit accusing the former head of subprime trading at Deutsche Bank of misleading investors about the characteristics of loans backing more than $1bn worth of securitisations that resulted in hundreds of millions of dollars in investor losses.

Reuters, Sept. 11, 2017–Dena AubinAn Ohio company accused of promising false savings on mortgage payments must pay a $7.9 million civil penalty to the Consumer Financial Protection Bureau, a federal judge ruled, though he rejected the bureau’s request for $74 million in restitution.

National Mortgage News, Sept. 11, 2017–Elina Tarkazikis (subscription)The Terrorism Risk Insurance Act was created after 9/11 to serve as a crucial federal backstop for commercial real estate insurers, but an analysis of alternatives to fund the program reveals the continued challenges of measuring and predicting terror risk.

The Real Deal, Sept. 8, 2017–Rich BockmannTax reform could be a boon to the commercial real estate market, but it could also prove to be quite costly, Cushman & Wakefield’s Bob Knakal said.

National Real Estate Investor, Sept. 8, 2017–Mary DiduchS&P Global Market Intelligence examined compensation information for public real estate investment trust chief executive officers in the U.S. from 2014 to 2016.

Bloomberg, Sept. 8, 2017–Danielle DiMartino BoothSomething is up, or more likely down, with the U.S. housing market. And the reconstruction after Hurricane Harvey may not do much to help. (MBA mention)

National Mortgage Professional, Sept. 8, 2017–Phil HallThe devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies, with 160,000 borrowers becoming 90 days or more past due, according to a new forecast from Black Knight.

HousingWire, Sept. 8, 2017–Kelsey RamirezWildfires raging across the Western U.S. are partially responsible for pull home sales down in the Northwest, cooling some parts of the housing market.

Bloomberg, Sept. 8, 2017–Polly MosendzA proposed class-action lawsuit was filed against Equifax Inc. late Thursday evening, shortly after the company reported that an unprecedented hack had compromised the private information of about 143 million people.

HousingWire, Sept. 8, 2017″After nine years of this untenable status quo, GSE reform is of the utmost priority,” David Stevens, CMB, said in a blog post. “Congress has an obligation now to act to stabilize the housing finance system for the future and make it more resilient in economic downturns.”