The Federal Housing Finance Agency announced J. Christopher “Chris” Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission, will serve as independent, non-Executive Chairman of the Board of Directors of Common Securitization Solutions LLC and that CSS will amend the structure of its Board of Directors.
Category: News and Trends
Residential Remodeling Outlook: Slight Gains in 2020
National spending for improvements and repairs on owner-occupied homes is expected to rise “only modestly” this year, according to the Leading Indicator of Remodeling Activity by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, Cambridge, Mass.
Redfin: U.S. Home Prices Up 7% in December; RE/MAX: ‘Record’ Finish to 2019
Redfin, Seattle, said U.S. home-sale prices increased by 6.9% year over year in December to a median of $312,500. In a separate report, RE/MAX, Denver, said December posted a record finish to the year and decade
Zillow: Recovery Added $11.3 Trillion to U.S. Housing Value over Past Decade
Zillow, Seattle, said the total value of every home in the U.S. reached $33.6 trillion at the end of 2019, nearly as much as the GDP of the two largest global economies combined–the U.S. ($20.5 trillion) and China ($13.6 trillion).
MBA Advocacy Update
On Friday, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to Congress outlining the Bureau’s plan for a revised Qualified Mortgage Standard.
The Week Ahead
The weekdays immediately following the Martin Luther King Jr. holiday are usually quiet in Washington. Not this week. For only the third time in U.S. history, the Senate has begun an impeachment trial against a sitting President.
Housing Starts Finish Year on Strong Note
HUD and the Census Bureau gave the housing and real estate finance industry something to cheer about Friday, reporting the strongest jump in housing starts in 13 years.
MBA Chart of the Week: Mobility Rates and Reasons for Moving
This week’s MBA Chart of the Week examines the reasons why fewer Americans are moving.
The New State Battleground: Privacy & Security
On January 1, the California Consumer Privacy Act (CCPA) became law–a warning shot across the bow of every real estate finance company in America.
People in the News
The Federal Housing Finance Agency announced J. Christopher “Chris” Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission, will serve as independent, non-Executive Chairman of the Board of Directors of Common Securitization Solutions LLC and that CSS will amend the structure of its Board of Directors.