Here’s a quick summary of housing industry reports coming across the NewsLink desk.
Category: News and Trends
FHFA Issues Proposed Rulemaking to Amend GSE Regulatory Capital Framework
It’s been a busy week for the Federal Housing Finance Agency. On Tuesday, FHFA and the Treasury Department suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac. On Wednesday, FHFA announced a notice of proposed rulemaking to amend the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.
Dealmaker: Gantry Secures $190M for Seattle Mixed-Use Asset
Gantry, San Francisco, arranged a $190 million loan to recapitalize the Carillon Point mixed-use campus in Kirkland, Wash.
Commercial Property Appreciation Accelerates for 5th Straight Month
Commercial property prices just keep increasing, according to reports from CoStar, Washington, D.C. and Green Street, Newport Beach, Calif.
Home Flipping Up, But Profits at 10-Year Low
ATTOM, Irvine, Calif., issued its second-quarter U.S. Home Flipping Report, showing an increase in flipping activity during the quarter but a drop in profit margins.
Industry Briefs Sept. 16, 2021: Covius Acquires Nationwide Title Clearing
Covius Holdings Inc., Denver, a provider of technology-enabled platforms to the financial services industry, reached an agreement to acquire Palm Harbor, Fla.-based Nationwide Title Clearing Inc., a national lien release provider.
Andrew Peters and Sonny Abbasi of Lenderworks: Growing Your Business and Staying Compliant in a Changing Landscape
The likelihood of more aggressive federal enforcement is of special concern to smaller, growing mortgage lenders.
People in the News Sept. 16, 2021
The Mortgage Bankers Association appointed Amber Lawrence as Associate Vice President of Diversity, Equity and Inclusion, responsible for advancing DEI programs for the association and overall real estate finance industry.
MBA Annual21: ConcertMBA Presents OneRepublic to Benefit MBA Opens Doors Foundation
OneRepublic will take the stage for Concert MBA at the Mortgage Bankers Association’s Annual Convention & Expo to benefit the MBA Opens Doors Foundation.
Quote
“The proposed requirements provide the Enterprises with the necessary incentives to support sustainable lending initiatives by transferring a significant amount of credit risk away from the taxpayers to private investors that are better positioned to take this risk.”
–Federal Housing Finance Agency Acting Director Sandra L. Thompson.