Reuters, May 3, 2016–Rucker, Patrick
Big U.S. banks will have greater protection from hedge funds in a future financial crisis under a Federal Reserve proposal released on Tuesday that would require some investors to wait 48 hours before cutting ties with failing lenders.
U.S. News & World Report, May 3, 2016–Brecht, Kira
For those looking to beef up their retirement income stream, real estate investing is another option to consider.
Scotsman Guide, May 3, 2016–Whitman, Victor
Freddie Mac reported a loss in the first quarter driven by lower interest rates and widening spreads on mortgage securities. Mortgage Bankers Association President David Stevens said Freddie’s loss underscored the need for Congress to embark on GSE reform.
Bloomberg, May 4, 2016–Gopal, Prashant; Perlberg, Heather
Soaring expenses are squeezing profits for nonbank lenders, which have grown to almost half of the mortgage market, as new rules and stepped-up regulatory scrutiny slice into already-thin margins. The average cost to originate a home loan jumped by 18 percent in the past two years, according to Mortgage Bankers Association data.
National Mortgage News, May 3, 2016–Reosti, John
At least one banker has gone public with expectations that the Office of the Comptroller of the Currency will force his institution to hold more capital. More could soon follow.
HousingWire, May 3, 2016–Murin, Joseph
If Ginnie Mae were a privately held or publically traded corporation, it would likely be seeking massive capital investments today in preparation for a new level of growth, says former Ginnie Mae President Joseph Murin.
CNBC, May 2, 2016–Olick, Diana
It is the No. 1 barrier to entry for young, would-be homebuyers: credit. Millennials are the first generation to come of age in a post-almost-apocalyptic housing market, where lenders, eight years later, are still paying billions in reparations for mortgage misconduct and outright fraud. Millennial homebuyers are also paying a price.
OurBroker.com, May 2, 2016–Miller, Peter G.
Housification–the effort to continually raise homeownership levels–seems to have a natural limit within the US. The homeownership rate stood at 63.5 percent for the first quarter of 2016, the very same level we had 50 years ago.
Bloomberg, May 2, 2016–Van Voris, Bob
A federal judge approved Goldman Sachs Group Inc.’s $272 million settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.
National Mortgage News, May 2, 2016–Collins, Brian
Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.
