The Lede
Top National News
White House Predicts Deregulation Will Boost Household Incomes
Wall Street Journal, June 28--Josh Mitchell (subscription)The report issued Friday by the Council of Economic Advisers looked in isolation at 20 rules in the Trump administration's broader economic agenda, which has also included new tariffs that economists and industries say have driven up some consumer prices.
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Situs and AMC Complete Merger
National Mortgage Professional, June 28, 2019--Phil HallThe combined business will operate as SitusAMC and have more than $175 billion of commercial assets under management and provide fair value assessment on more than $290 billion of commercial real estate assets quarterly.
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Former Equifax Executive Jailed for Profiting Off Data Breach
HousingWire, June 28, 2019--Ben LaneJun Ying, the former chief information officer of Equifax's U.S. Information Solutions business, was accused of using non-public information to make trades on Equifax stock and profiting off of the breach.
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Lower Housing Costs, Better Employment Craft Sustainable Market Outlook
National Mortgage News, June 28, 2019--Paul Centopani (subscription)A cocktail of simmering home price appreciation, declining mortgage rates and stronger employment shot the country's housing market outlook to a three-year peak, according to Nationwide.
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JLL’s $2 Billion Acquisition of HFF to Close on July 1
HousingWire, June 28, 2019--Ben LaneUnder the terms of the deal, which was originally announced in March, JLL will acquire all the outstanding shares of HFF in a cash and stock transaction that carries an equity value of $2 billion.
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FASB Chair Defencs CECL: ‘The Benefits Justify the Cost’
American Banker, June 30, 2019--John Heltman (subscription)Russ Golden, chairman of the Financial Accounting Standards Board, is defending the board's decision to require all publicly traded firms to proactively report and set aside reserves for credit losses, saying the move would make the financial system safer and is worth the cost.
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Win a ‘Dream’ House? Take the Money and Run
UExpress, June 28, 2019--Lew SichelmanAccording to HGTV, only one of the first 10 Dream House winners has been able to hang on to their winnings. And just six of the first 21 winners--there have been 23 contests so far--actually lived in their new digs for more than a year.
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Residential Finance News
Commercial/Multifamily News
MBA News
Upcoming MBA Education School of Mortgage Banking I Courses
MBA Education presents its popular School of Mortgage Banking Course I this summer and fall.
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