HousingWire, Aug. 11. 2017–Kelsey RamírezThe U.S. Department of Housing and Urban Development swore-in its new assistant secretary for fair housing and equal opportunity, Anna Maria Farías, on Thursday.
Category: Top National News
Fed Buys $5.2 Billion of Mortgage Bonds, Sells None
Reuters, Aug. 11The Federal Reserve bought $5.161 billion of agency mortgage-backed securities between Aug. 3 and Aug. 9, compared with $7.281 billion the previous week. In a move to help the housing market begun in 2011, the Fed has used funds from principal payments on agency debt and agency mortgage-backed securities it holds to reinvest in agency MBS.
Freddie to Consider Airbnb Rental Income
Mortgage Daily, Aug. 11, 2017Among a host of updates made by the Federal Home Loan Mortgage Corp. on rental income is the utilization of income from short-term rentals.
Ginnie’s Fiscal YTD MBS Issuances Surpass $400 Bil
Mortgage Daily, Aug. 11, 2017A modest volume of monthly securitizations on behalf of the Government National Mortgage Association have pushed fiscal-year volume so far past $400 billion.
Investors Take on Mortgage Risk from Taxpayers
Wall Street Journal, Aug. 14, 2017–Sam Goldfarb (subscription)Investors are snapping up a new type of security sold by Fannie Mae and Freddie Mac, increasingly assuming the risk of mortgage defaults from taxpayers.
Mortgage Firms Appoint Top Executives
Mortgage Daily, Aug. 11, 2017–Sam GarciaAmong the roles that have recently been filled at a variety of real estate finance firms are chief financial officer, president and chief executive officer.
2017 Top 50 Property Managers
Commercial Property Executive, Aug. 10, 2017–Chris Nebenzahl Major diversified real estate firms led the 2017 Top 50 Property Management Firms ranking, as Colliers International, Cushman & Wakefield, CBRE Group and JLL took the top spots.
Mortgage Rates Slide to 6-Week Low as North Korea Worries Drive Bond Rally
MarketWatch, Aug. 10, 2017–Andrea RiquierRates for home loans slid to a 6-week low as mounting geopolitical worries drove investors into safe-haven bonds, mortgage provider Freddie Mac said Thursday.
Amazon and Whole Foods: What’s Next?
Dow Jones Newswires, Aug. 10, 2017–Laura Stevens Beyond simple cross-selling opportunities, a big question in the $13.7 billion deal is: How deeply will the online retail giant integrate its new brick-and-mortar subsidiary?
Fannie and Freddie Will Stick With FICO Formula for at Least Two More Years
Washington Post, Aug. 10, 2017–Kenneth HarneyThere will be no modernization of the mortgage giants’ controversial scoring systems before mid-2019 at the earliest, according to Fannie Mae and Freddie Mac’s top government regulator.