Bloomberg, Sept. 25, 2015–Mulholland, Sarah
Real estate investment trusts–companies that own properties such as luxury hotels, office towers and shopping malls — are trading at an almost 15 percent discount to what investors would pay for buildings individually, according to Green Street Advisors LLC. The gap, the biggest in five years, has been growing since May, pushing the odds of REIT buyouts to the highest since 2006.
OC Register (Calif.), Sept. 25, 2015–Lazerson, Jeff
If you are buying or refinancing, you need to know how to get it right when it comes to the mortgage settlement process overhaul that starts Oct. 3.
NewsOK (Okla.), Sept. 25, 2015–Harney, Kenneth R.
Heads up for millennials and first-time home shoppers carrying student debt: New rules could make it tougher to qualify for a low down payment Federal Housing Administration mortgage.
National Mortgage News, Sept. 25, 2015–Finkelstein, Brad
Lenders that allow borrowers to shop for third-party settlement services face new liability, as the Consumer Financial Protection Bureau’s integrated mortgage disclosure rules will let borrowers sue over problems with vendor lists.
Wall Street Journal, Sept. 25, 2015–Harrison, David The U.S. economy was turbocharged in the spring, but a buildup in inventories over the first half of the year could slow output to a more moderate pace over the remainder of 2015.
Reuters, Sept. 25, 2015–Connor, Michael
Growth in America’s services sector eased during September to its slowest rate at any time during the last three months as new business expansion weakened for a second month, an industry report showed on Friday.
Associated Press, Sept. 27, 2015
Former Great Country Mortgage Bankers owner Hector Hernandez will serve the longest prison term of anyone involved in the massive scheme andalso must pay more than $64 million in restitution.
HousingWire, Sept. 28, 2015–Garrison, Trey
The Mortgage Bankers Association and a coalition sent a letter to House Financial Services Committee Chairman Jeb Hensarling, R-Texas, and Ranking Member Maxine Waters, D-Calif., expressing concern with the Federal Housing Finance Agency’s proposed rule changes to Federal Home Loan Bank membership.
Wall Street Journal, Sept. 24, 2015–Beilfuss, Lisa Hudson City Bancorp Inc. will pay almost $33 million to resolve claims that it engaged in discriminatory mortgage lending practices, the latest example of how the government is increasingly scrutinizing banks and other lenders for patterns of discrimination.
Reuters, Sept. 24, 2015–Jones, Huw Global regulators meet in London on Friday to agree a rule on stopping banks being “too big to fail” by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis.
