The Lede
Top National News
Bob Knakal on What Tax Reform Could Mean for CRE
The Real Deal, Sept. 8, 2017--Rich BockmannTax reform could be a boon to the commercial real estate market, but it could also prove to be quite costly, Cushman & Wakefield's Bob Knakal said.
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The 10 Highest-Paid REIT CEOs
National Real Estate Investor, Sept. 8, 2017--Mary DiduchS&P Global Market Intelligence examined compensation information for public real estate investment trust chief executive officers in the U.S. from 2014 to 2016.
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Harvey Won’t Help Flagging Housing Market
Bloomberg, Sept. 8, 2017--Danielle DiMartino BoothSomething is up, or more likely down, with the U.S. housing market. And the reconstruction after Hurricane Harvey may not do much to help. (MBA mention)
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New Forecast: 300K Mortgage Delinquencies From Harvey
National Mortgage Professional, Sept. 8, 2017--Phil HallThe devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies, with 160,000 borrowers becoming 90 days or more past due, according to a new forecast from Black Knight.
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Northwest Housing Market Cools Amidst Raging Wildfire
HousingWire, Sept. 8, 2017--Kelsey RamirezWildfires raging across the Western U.S. are partially responsible for pull home sales down in the Northwest, cooling some parts of the housing market.
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Equifax Faces Multibillion-Dollar Lawsuit Over Hack
Bloomberg, Sept. 8, 2017--Polly MosendzA proposed class-action lawsuit was filed against Equifax Inc. late Thursday evening, shortly after the company reported that an unprecedented hack had compromised the private information of about 143 million people.
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MBA CEO on the 9-Year Anniversary of GSE Conservatorship
HousingWire, Sept. 8, 2017"After nine years of this untenable status quo, GSE reform is of the utmost priority," David Stevens, CMB, said in a blog post. "Congress has an obligation now to act to stabilize the housing finance system for the future and make it more resilient in economic downturns."
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Why the Return of Bigger Banks Means Bigger Risks for Everyone Else
New York Times, Sept. 8, 2017In an editorial, the NYT says weakening the regulation of institutions that are not banks would weaken a regulatory process that is already too restrained.
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Employees of Fintech Firm SoFi Allege Women Are Treated Improperly
Wall Street Journal, Sept. 10, 2017--Peter Rudegeiar (subscription)Social Finance Inc., a fintech company whose hard-charging ethos propelled it to success, is ensnared in the controversy over workplace culture and the treatment of women at Silicon Valley technology startups.
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Equifax Breach May Kill Repeal of CFPB Mandatory Arbitration Rule
National Mortgage News, Sept. 8, 2017--Ian McKendry (subscription)The massive breach at Equifax is likely to hurt--and may ultimately doom--efforts by Republicans to overturn the Consumer Financial Protection Bureau's rule banning mandatory arbitration clauses.
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National Flood Insurance Program Granted 3-Month Extension
HousingWire, Sept. 8, 2017--Brena SwansonPresident Donald Trump signed a three-month extension to the National Flood Insurance Program on Friday, giving Congress more time to come up with a long-term financial solution for the program.
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Blockchain Developers Face Off Over $1 Billion in Digital Cash
Bloomberg, Sept. 8, 2017--Jef Feeley, Olga Kharif, Matthew LeisingTwo of the world's largest blockchain developers are battling over more than $1 billion in virtual-currency options, in a dispute that may help establish the leading player in providing new payment technologies to financial companies.
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How to Sabotage Your Sale
UExpress, Sept. 8, 2017--Lew SichelmanThere's nothing more offensive than a seller hovering over a would-be buyer when he or she is looking at the house. Well, maybe there is.
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Delinquency Spike Possible from Hurricane Harvey
Mortgage Daily, Sept. 8, 2017As a result of Hurricane Harvey, hundreds of thousands of residential loans could become newly delinquent, with many becoming seriously delinquent.
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Varied Backgrounds for New Mortgage Executives
Mortgage Daily, Sept. 8, 2017--Sam GarciaExecutives who recently found new homes at mortgage banking firms come from a variety of backgrounds including financial compliance, information technology and subprime mortgage lending.
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Mortgage Industry Springs into Action for Irma
DSNews, Sept. 9, 2017--Brianna GilpinTo combat storm damage, President Trump signed a $15.3 billion disaster relief package into law Friday that will suspend the U.S. borrowing limit and extend the National Flood Insurance Program through December 8.
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Residential Finance News
Commercial/Multifamily News
MBA News
MISMO Seeks Input on New Closing Instruction Standards for Mortgage Industry
MISMO, the mortgage industry's technology standards organization, invites industry participants to collaborate on new closing instruction standards, which will be designed to improve communication and avoid delays during the closing process.
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