Reuters, Feb. 14, 2017–Jason Lange; David Lawder The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Fed Chair Janet Yellen said Tuesday, although she flagged considerable uncertainty over economic policy under the Trump administration.
Category: Top National News
Fed Report Says Some Smaller Banks May be Vulnerable to Drop in Commercial Real Estate Prices
MarketWatch, Feb. 14, 2017–Greg RobbRising commercial real estate prices may leave some small banks vulnerable to a drop in the market, the Federal Reserve said Tuesday.
There’s Good News, With Caution, for Commercial Real Estate Under President Trump
Pensions and Investments, Feb. 14, 2017–Kenneth RiggsA great deal of uncertainty still hangs over the economy, financial markets and commercial real estate as the new administration settles in at the White House. But President Donald Trump’s initial actions appear to create positive tail winds for commercial real estate.
Outlook for Apartment Sector Looks Strong
National Real Estate Investor, Feb. 14, 2017–Bendix AndersonSince the election, “uncertainty” has been a buzzword among economists. But the fundamentals of the apartment sector are relatively strong despite it all.
Mixed Reaction to Mnuchin Officially Taking Over as Treasury Secretary
HousingWire, Feb. 14, 2017–Ben LaneMortgage Bankers Association President and CEO David Stevens said the trade group is eager to work with Steven Mnuchin.
As Mortgage Landscape Changes, So Do CUs’ Marketing Efforts
National Mortgage News, Feb. 14, 2017–Michael Bartlett (subscription)There are major changes taking place in the housing market, and credit union mortgage-marketing efforts are evolving as a result.
Mortgage Investor Premium Point Discloses SEC Probe
Reuters, Feb. 14, 2017–Lawrence DelevignePremium Point Investments LP is under investigation by the Securities and Exchange Commission over the valuation of structured products and other assets held by its funds, according to a letter sent to clients of the New York-based investment firm.
Say Goodbye to the Controversial CFPB Consumer Complaint Database?
HousingWire, Feb. 14, 2017–Brena SwansonThe Consumer Financial Protection Bureau’s consumer complaint database might not make it too much further past the one-millionth-complaint threshold due to a Republican-led effort to repeal the much-criticized database.
When It Comes to Moving, Millennials Are Stuck in the Mud
Bloomberg, Feb. 14, 2017–Patricia ClarkAmericans 25 to 35 years old are changing homes a lot less than previous generations did at the same ages.
AIG Posts $3.04 Billion Loss, Adding to CEO Hancock’s Woes
Bloomberg, Feb. 14, 2017–Sonali Basak; Lisa DuAmerican International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain profitability.