Housing Wire, Feb. 9, 2016–Lane, Ben
The Office of the Comptroller of the Currency announced Tuesday that it is terminating mortgage servicing-related consent orders against U.S. Bank National Association and Santander Bank, lifting the mortgage servicing restrictions placed on both banks last year due to failure to comply with requirements of the Independent Foreclosure Review.
New York Daily News, Feb. 9, 2016–Durkin, Erin
A group of low-wage workers hit Mayor de Blasio’s affordable housing plan Monday, as top administration officials defended the plan.
Wall Street Journal, Feb. 9, 2016–Sparshott, Jeffrey
The number of Americans who voluntarily quit their jobs climbed to a post-recession high in December, suggesting workers are confident about their employment prospects, the Labor Department’s Job Openings and Labor Turnover Survey reported.
Wall Street Journal, Feb. 9, 2016–Leubsdorf, Ben
When Federal Reserve Chairwoman Janet Yellen speaks publicly Wednesday for the first time in eight weeks, she’ll assess a mixed economic landscape that has made officials more cautious about raising interest rates again next month.
National Mortgage News, Feb. 9, 2016–Berry, Kate
Many institutional investors are refusing to purchase mortgages loans until they get assurance from the Consumer Financial Protection Bureau that they won’t have to pay for others’ mistakes. Their pullback could further the slow the issuance of private-label mortgage bonds this year, a huge concern at a time when the majority of home loans are insured by Fannie Mae, Freddie Mac and the FHA.
HousingWire, Feb. 9, 2016–Lane, Ben
According to the Consumer Financial Protection Bureau’s addendum, the supplementary information states that “property insurance premiums, property taxes, homeowner’s association dues, condominium fees and cooperative fees” are “subject to tolerances,” when it should read that those fees are “not subject to tolerances.”
KHOU (Houston), Feb. 9, 2016–Barr, Alice
The low price of oil is bringing on more uncertainty for a big chunk of Houston’s economy. Thousands of layoffs have rocked the oil and gas industry, and there’s no clear picture of when things could get better.
Sacramento Bee, Feb. 9, 2016–Kasler, Dale
CalPERS completed one of the biggest real estate investments in its history, purchasing a New York office tower for $1.9 billion.
Huffington Post, Feb. 9, 2016–Nussenbaum, Max
Pop quiz: what do real estate agents have in common with car salesmen, telemarketers, and members of Congress? Answer: They’re among Americans’ least-trusted professions, according to a recent Gallup poll.
Real Estate Journals, Feb. 8, 2016
Freddie Mac at the MBA Commercial Real Estate Finance Conference announced the lenders that closed the most multifamily financing volume with the company last year. CBRE Capital Markets and Berkadia Commercial Mortgage topped the list.
