Omaha World-Herald, Sept. 22, 2015–Epley, cole
As U.S. banks continue to face new regulations in the wake of the 2008 financial crisis, Rep. Brad Ashford, D-Neb., on Monday questioned whether it makes sense for a community bank with $250 million in assets to be subject to the same requirements as an institution 10,000 times bigger, with $2.5 trillion.
GlobeSt.com, Sept. 22, 2015–Bubny, Paul
Outstanding commercial/multifamily mortgage debt rose by 1.4% during the second quarter, with multifamily debt hitting $1 trillion, the Mortgage Bankers Association said Tuesday.
Wall Street Journal, Sept. 22, 2015–Light, Joe
Nonbank lenders in 2014 took their biggest share of the mortgage market since at least 1995, new data show, as several large banks pulled back on lending to all but the most pristine borrowers.
Wall Street Journal, Sept. 22, 2015–Coppola, Alex
Low interest rates allowed a young New Yorker to retire her card debt and still pay less on her co-op loan.
MarketWatch, Sept. 22, 2015–Goldstein, Steve
New rules designed to make sure borrowers can repay their mortgages haven’t curtailed the ability to buy a home, a Federal Reserve study says.
HousingWire, Sept. 22, 2015–Garrison, Trey
The riskiness of first-time buyer agency mortgages stood at 15.55% in August, part of a continuing trend, according to the American Enterprise Institute’s International Center on Housing Risk.
Reuters, Sept. 22, 2015–Ablan, Jennifer
Bond fund giant Pacific Investment Management Co said on Tuesday the pace of Federal Reserve interest-rate increases is likely to be even more gradual than the firm expected in March and that the U.S. central bank may find it impossible to escape the effective lower bound of policy rates.
HousingWire, Sept. 22, 2015–Gaffney, Jacob
Flashback to the 2008 timeframe where the subprime debacle was just taking hold. Enter into that the cast of characters who bet against the big banks, and potentially, the American economy to get rich while the Empire crumbled. Add in a couple of Hollywood A-listers and you get The Big Short movie, based on the book by Michael Lewis.
HousingWire, Sept. 22, 2015–Swanson, Brena
Concerns from the Mortgage Bankers Association President and CEO David Stevens over HUD’s proposed changes to the Federal Housing Administration’s loan requirements are becoming a grim reality.
National Mortgage News, Sept. 22, 2015–Collins, Brian
Ginnie Mae may soon raise its liquidity and cash requirements for independent mortgage banking firms since it seems almost certain that Congress won’t increase the agency’s budget for fiscal year 2016.
