National Real Estate Investor, Sept. 24, 2015–Popovec, Jennifer Duell
Even though the retail sector continues to strengthen, lenders don’t find retail properties as attractive as they find multifamily and industrial assets. Recent research from the Mortgage Bankers Association underscores lender sentiment toward retail properties.
Cleveland Plain Dealer, Sept. 23, 2015–Murray, Teresa Dixon
After years of fanfare, lenders next week must offer new forms to potential borrowers to help them better understand their loan options, understand what size of loan they can afford and shop different loan offers. Bill Cosgrove, CMB, chairman of the Mortgage Bankers Association and CEO of Union Home Mortgage Corp. in Strongsville, Ohio, said the new process will peel off the “mumbo-jumbo” language that for years has intimidated consumers, no matter their level of education.
CNBC, Sept. 22, 2015–Insana, RonThe Federal Reserve is creating a negative-feedback loop with its mixed messages on interest rates and it is messing with the markets.
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.
