Inside Mortgage Finance, Mar. 28, 2023–Brandon IveyA proposed rule from the Securities and Exchange Commission regarding conflicts of interest in securitizations could cause serious problems for residential finance participants, according …
Category: Top National News
Will Silicon Valley, Signature Bank Crashes Send Mortgage Rates Plummeting?
Mortgage Grader, Mar. 28, 2023–Jeff LazersonWhen Silicon Valley Bank and Signature Bank were shut down by the Feds within 48 hours of each other, no quicker than a banking regulator …
MBA Raises Concerns About SEC Proposal on Securitization
Inside Mortgage Finance, Mar. 28, 2023–Brandon Ivey (subscription)A proposed rule from the Securities and Exchange Commission regarding conflicts of interest in securitizations could cause serious problems for residential finance participants, …
MBA’s Broeksmit: Media Coverage of CRE and Financial Stress Doesn’t Capture “the Complete Picture”
ConnectCRE, Mar. 28, 2023–Paul BubnyMortgage Bankers Association President and CEO Bob Broeksmit, CMB, said recent media coverage of uncertainty in commercial real estate markets hasn’t always provided an accurate picture. …
Work From Home Has Downtowns Empty. A Solution? Live in a Former Office.
Washington Post, Mar. 27, 2023–Linda Chong, Erica WernerBrutal housing costs and empty office buildings are pushing San Francisco and other cities to try to turn them into homeshttps://www.washingtonpost.com/us-policy/2023/03/27/work-home-has-downtowns-empty-solution-live-former-office/
Some Silver Linings Ahead in 2023: CREW Network Survey
CommercialSearch, Mar. 27, 2023–Barbra MurrayA significant number of women in commercial real estate recorded positive activity in 2022 and many have an optimistic outlook for certain sectors in 2023, according …
The Initial Banking Crisis is Easing. Another May be Around the Corner.
Washington Post, March 27, 2023–Jeff SteinFederal authorities still grappling with the banking crisis caused by the collapse of Silicon Valley Bank are already beginning to worry about the next potential …
U.S. Banking Regulator Has Begun Misconduct Probes in Signature, SVP Failures
Reuters, Mar. 27, 2023–Chris Prentice, Pete SchroederThe Federal Deposit Insurance Corp. is investigating potential misconduct on the part of executives and others involved in the failures of Silicon Valley Bank …
Distress in Office Market Spreads to High-End Buildings
Wall Street Journal, Mar. 28, 2023–Konrad Putzier (subscription)Defaults and vacancies are on the rise at high-end office buildings, in the latest sign that remote work and rising interest rates are …
Commercial Real Estate Drops in Value as Higher Interest Rates Make Borrowing Costs Higher
CNBC, Mar. 27, 2023–Diana OlickCNBC’s Diana Olick looks at commercial real estate values. (MBA mention)https://www.cnbc.com/video/2023/03/27/commercial-real-estate-drops-in-value-as-higher-interest-rates-make-borrowing-costs-higher.html?