Wall Street Journal, May 16, 2016–Zeng, Min
U.S. government bonds pulled back on Monday as investors took some chips off the table following the market’s biggest weekly price gain in more than a month.
Category: Top National News
Top Fed Official: The Case for Raising Rates Looks Pretty Strong
Washington Post, May 16, 2016–Mui, Ylan
Federal Reserve Bank of Richmond President Jeffrey Lacker said has led the Richmond Fed since 2004 and has been a vocal critic of the central bank’s easy-money stance. Now, he says the Fed might be falling behind the curve as the economy strengthens.
Shopping Pall Trashes NYC Commercial Real Estate
New York Post, May 16, 2016–Weiss, Lois
The fall-off in sales at US brick-and-mortar stores is starting to hit Manhattan’s pricey commercial real estate.
Selling Loans to Freddie Will Soon Get Faster, But There’s a Catch
National Mortgage News, May 16, 2016–Sinnock, Bonnie
The good news for mortgage lenders: Freddie Mac will soon roll out a suite of tools that should speed loan sales to the GSE. The catch: lenders will have to wait a little longer for a related change that will reduce their liability for buying back defective loans from Freddie.
MBA: 30-Year Mortgage Rate Predicted to Hover Around 4%
Housing Wire, May 16, 2016
Mortgage rates are forecasted to hover around the 4% level for about another year as the market awaits future Federal Reserve interest rate hikes, Mike Fratantoni, chief economist for the Mortgage Bankers Association, said in a press conference at the MBA Secondary conference in New York City.
Stevens: MBA Will Continue Fighting the Good Fight
Mortgage News Daily, May 16, 2016–Swanson, Jann
Despite a mortgage lending environment that is both the most conservative and safest we have ever seen, Mortgage Bankers Association President and CEO David Stevens said on Monday that most lenders feel like the mortgage industry is under attack
MBA Chief Outlines Mortgage Industry’s Challenges
Mortgage Daily, May 16, 2016
As players in the secondary mortgage market meet in the Big Apple this week, the leader of the industry’s prominent trade group talked about the industry’s challenges.
MBA’s Stevens Addresses Challenges Facing the Industry at Secondary Market Conference
National Mortgage Professional, May 16, 2016–Hall, Phil
The future of the mortgage profession will be defined by the industry’s willingness to fight for what it believes to be is right, according to David Stevens, president and CEO of the Mortgage Bankers Association.
Is the CRE Lending Environment Improving?
National Real Estate Investor, May 17, 2016–Bell, Diana
Off to a wobbly start in 2016, the lending landscape for commercial real estate is expected to bolster as the year progresses.
Hedge Fund Cash Flows To GOP Lawmakers Seeking To Loosen Government Grip on Fannie and Freddie
Wall Street Journal, May 12, 2016–Light, Joe
Private shareholders of Fannie Mae and Freddie Mac have waged an intense lobbying campaign in an effort to drum up support for releasing the companies from government control and in the process restore some value to their shares.