HousingWire, Mar. 14, 2017–Ben LaneWalter Investment Management Corp. announced Tuesday morning that it posted a loss in each quarter of 2016, finishing the year with a net loss of $22.2 million in the fourth quarter.
Category: Top National News
Key Takeaways: The CREF/MBA Conference 2017
HospitalityNet, Mar. 13, 2017–Brett E. Russell; Desiree M. FlanaryDavid Stevens, MBA president and CEO, put it starkly: “If you thought ’86 was a big deal, I encourage you to buckle up”–a reference to the 1986 Tax Reform Act and its ill effects on commercial real estate well into the next decade.
PHH Urges End to Consumer Financial Protection Bureau
Bloomberg BNA, Mar. 13, 2017–Chris BrucePHH Corp. March 10 asked a federal appeals court to order wholesale elimination of the Consumer Financial Protection Bureau in a case testing the agency’s constitutionality.
Bankers Renew Push to Give Qualified Mortgage Status to Portfolio Loans
National Mortgage News, Mar. 13, 2017–Brian Collins (subscription)Banks are stepping up their efforts to win a key exception to the Consumer Financial Protection Bureau’s Qualified Mortgage rule.
D+H to Be Acquired, Merged with Misys
National Mortgage News, Mar. 13, 2017–Bryan Yurcan (subscription)Private-equity firm Vista Equity Partners is acquiring the financial technology vendor D+H and plans to merge it with Misys, another fintech firm in its portfolio.
Atlanta Fed Selects Former HUD Assistant Secretary Raphael Bostic as New President
HousingWire, Mar. 13, 2017–Ben LaneThe Federal Reserve Bank of Atlanta announced Monday that it selected Raphael Bostic to serve as its new president and chief executive officer, replacing Dennis Lockhart, who retired from the Atlanta Fed at the end of February.
Mortgage Broker, Stepson Banker Convicted
Mortgage Daily, Mar. 13, 2017Leyla Wydler was a mortgage broker who owned several Houston-area businesses including Globan Mortgage Co., Casa Milagro and First Milagro.
Non-Bank Issuer Growth Strains Ginnie Resources
Mortgage Daily, Mar. 13, 2017A watchdog report indicates that Ginnie Mae resources are being strained by the increase in non-bank issuers.
With Mortgage Rates on the Rise, Now is a Good Time to Buy a Home
Denver Channel (Colo.), Mar. 13, 2017–Kurt SevitsIf you’re having trouble deciding whether you want to keep renting or buy a home, maybe this will help: Interest rates on mortgages are on their way up.
Fund Investors Load Up on Property Debt
Wall Street Journal, Mar. 14, 2017–Peter Grant (subscription)Wary of a commercial real-estate rally losing steam, they decide it’s less riskier to be a lender than a buyer.