Housing Wire, Jan. 20, 2016–Lane, Ben
The economy will continue growing, mortgage lending standards will ease and household income will rise in 2016, but housing affordability will continue be a challenge thanks to the continued increase in house prices, Fannie Mae said in a new report.
New York Law Journal, Jan. 20, 2016–Reilly Jr., Richard; Steiner, Jeffrey Beginning in 2014, collateralized loan obligation transactions consisting of underlying pools of commercial real estate mortgage loans re-emerged as a financing alternative for sponsors of platforms that originate CRE loans.
Bloomberg, Jan. 21, 2016–Perlberg, Heather
Mortgage-REIT executives are uniquely positioned when their firms fall on hard times. Unlike at hedge funds and other firms where managers’ pay is tied to performance, most mortgage-REIT executives are compensated based on the size of their publicly traded companies, and receive a percentage of total shareholder equity whether they win or lose.
Wall Street Journal, Jan. 20, 2016–Patnaude, Art
Demand for high-end homes in London, New York slows as market turmoil hits global investors.
IndyStar (Indianapolis), Jan. 19, 2016–Eason, Brian
Lawmakers from two of the state’s hardest-hit housing markets–Gary and Indianapolis–have introduced four bills this session targeting urban blight, but those hoping for a major overhaul of Indiana’s distressed property laws will have to wait at least another year.
CNN, Jan. 19, 2016–Gillespie, Patrick
Global volatility could force the Federal Reserve to pump the brakes this year. Many Wall Street analysts expect only be two rate increases in 2016.
ItemLive.com (Lynn, Mass.), Jan. 19, 2016
City lawyers are almost certain the mediation ordinance will face legal challenges from banks. In a December letter to Kennedy, they warned a court battle over the city of Springfield’s mediation ordinance could affect Lynn. “Mass Bankers (Massachusetts Bankers Association) made it very clear they will ask the court to stop any mediations in Lynn until such time as the Supreme Judicial Court makes a decision,” a city official said.
Commercial Appeal (Memphis, Tenn.), Jan. 19, 2016–Evanoff, Ted
Memphis banker First Horizon National Corp. reported income last year of $79.6 million, a sharp decline from 2014’s $216.3 million in profits after settling a long-running federal case involving the mortgage business spun off in 2008.
Wall Street Journal, Jan. 19, 2016–Tracy, Ryan; Burne, Katy
The U.S. government is moving toward faster collection of data for the $12.8 trillion U.S. Treasury market, boosting oversight of the world’s most liquid securities market where trading has grown more volatile in recent years.
Wall Street Journal, Jan. 19, 2016–Baer, Justin
Goldman Sachs Group Inc., beset by a steady decline in a fixed-income trading operation that was once its most-reliable source of profits, is turning for help to a business it once eschewed for help: debt financing.
