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MBA/CREF Round-Up: Green Lending Is on the Rise, Tax Reform’s Gonna Hurt
Commercial Observer, Feb. 23, 2017--Cathy CunninghamNeither mahogany nor burgundy were the buzzed about color at the Mortgage Bankers Association's 2017 CREF/Multifamily Housing Convention & Expo in San Diego, however--the focus was firmly on green.
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Mortgage Rates Refuse to Budge for the Fourth Week in a Row
Washington Post, Feb. 23, 2017--Kathy OrtonMortgage rates remain stuck in a holding pattern. For more than a month now, home loan rates have proved stubbornly constant.
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The Mortgage Market is Now Dominated by Non-Bank Lenders
Washington Post, Feb. 23, 2017--Michele Lernerthe landscape of the lending market has shifted dramatically over the past few years from domination by big banks to a market where more loans are made by non-banks--financial institutions that only make loans and do not offer deposit accounts such as a savings account or checking account.
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Prudential Mortgage Capital Becomes PGIM Real Estate Finance
Commercial Property Executive, Feb. 23, 2017--Barbra MurrayThe new name will clearly distinguish each of the company's 22 global offices as part of a singular entity.
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CFPB Faces Catch-22 on Pending Arbitration Rule
National Mortgage News, Feb. 23, 2017--Ian McKendry (subscription)The Consumer Financial Protection Bureau's arbitration rule will likely be overturned by Congress if the agency moves ahead with finalizing it.
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Fitch: Is There a Housing Bubble in These Hot, Hot Markets?
HousingWire, Feb. 23, 2017--Ben LaneA new report from Fitch Ratings suggests that Texas is one a few states where home prices are not only unsustainable, they're overheating.
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Landlords Are Taking Over the U.S. Housing Market
Bloomberg, Feb. 23, 2017--Patrick ClarkAs rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters--and landlords.
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U.S. Labor, Housing Markets Data Underscore Economy’s Stamina
Reuters, Feb. 23, 2017--Lucia Mutikani"All indications are that job creation remains solid, underscoring the resiliency of the nearly eight-year economic recovery," said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Mich. "A March (rate) hike cannot be ruled out."
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Risk of Default Down on Mortgages
Mortgage Daily, Feb. 23, 2017In the third quarter of last year, the country's residential lenders generated $505.2 billion in mortgage production, VantageScore Solutions LLC said.
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Federal Court Ruling on Mortgage Giants Likely to Slow Revamp
Bloomberg, Feb. 23, 2017--Joe LightU.S. Treasury Secretary Steven Mnuchin's seriousness about overhauling the nation's $10 trillion mortgage market will soon be tested. A federal appeals court Tuesday dealt a blow to hedge funds that own Fannie Mae and Freddie Mac shares, ruling that investors weren't entitled to billions of dollars of profits.
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Bazemore to Retire From Radian Guaranty in April
National Mortgage News, Feb. 23, 2017--Brad Finkelstein (subscription)Teresa Bryce Bazemore, president of Radian Guaranty, will retire from the private mortgage insurer at the end of April.
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MBA National Technology in Mortgage Banking Conference & Expo Mar. 26-29
The Mortgage Bankers Association's National Technology in Mortgage Banking Conference & Expo takes place Mar. 26-29 at the Hyatt Regency Chicago.
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