HousingWire, Jan. 5, 2015–Swanson, Brena
Existing home sales are projected to recover after a weak report in November due to the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule, according to the latest Auction.com Residential Real Estate Nowcast report.
Bloomberg, Jan. 5, 2015–Smialek, Jeanna
Here’s what to look for when the Federal Reserve releases minutes from the Federal Open Market Committee’s Dec. 15-16 policy-setting meeting at 2 p.m. Wednesday in Washington.
CNBC, Jan. 5, 2015–Frank, Robert
The average apartment price in Manhattan hit a record $1.95 million in the fourth quarter, as high-end real estate continued to defy volatile stock markets and slowing growth overseas.
Reuters, Jan. 5, 2015–Becker, Amanda
Democratic presidential candidate Bernie Sanders, who has made reining in Wall Street a top campaign theme, warned on Tuesday that financial-sector greed is “destroying the fabric of our nation” and detailed his plan to break up big banks, his campaign said.
Miami Today, Jan. 5, 2016–Vianna, Carla
The 2010 law has strung banks along a regulatory rollercoaster for five years, paving the way for new agencies and requirements that changed the way the nation’s banks operated. This year, more regulations are expected from the five-year-old law.
Washington Post, Jan. 6, 2016–Lerner, Michele
A new opportunity for home ownership is available to credit-worthy low- to moderate-income borrowers through Fannie Mae’s new HomeReady mortgage program.
Boston Agent Magazine, Jan. 4, 2016–McClister, James
Following the Oct. 3 implementation of the new disclosure rules, Richard Cordray, director of the Consumer Financial Protection Bureau, compared the fears surrounding TRID to those inspired by Y2K. But after receiving a letter from the Mortgage Bankers Association, the CFPB responded in a letter of its own (addressed to MBA President and CEO David Stevens) this time with a much more reassuring message.
Wall Street Journal, Jan. 4, 2015–Leubsdorf, Ben
Nobel laureates, Federal Reserve policy makers and other top economists converged on San Francisco for the American Economic Association’s annual conference, which began Sunday and runs through Tuesday. One topic of discussion: the state of the U.S. economy and its prospects at the start of a new year.
National Mortgage Professional, Jan. 4, 2015–Hall, Phil
Mike Oxley, an Ohio Republican who chaired the House Financial Services Committee for six years and co-authored the landmark Sarbanes-Oxley Act of 2002, died on New Year’s Day at his home in McLean, Va., from lung cancer at age 71.
National Mortgage News, Jan. 4, 2015–Peters, Andy
The delinquency rate on commercial mortgage-backed securities rose slightly in December, according to Trepp. The rate of U.S. commercial real estate loans embedded in CMBS that were delinquent rose 4 basis points in December to 5.17%, compared to November, Trepp said.
