The Lede
Top National News
Q1 Commercial and Multifamily Delinquency Rates Stay Low
National Mortgage Professional, June 10, 2019--Phil HallThe delinquency rates on the commercial and multifamily mortgage sectors remained low during the first quarter, according to new data from the Mortgage Bankers Association.
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How Nonbanks’ Rising Government Mortgage Market Share Helps Ginnie Mae
National Mortgage News, June 10, 2019--Bonnie Sinnock (subscription)Ginnie Mae is examining whether the shift in business to nonbank issuers has implications for its ability to guarantee mortgage securities payments beyond those it has historically looked at.
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Freddie Mac Targeting ESG Investors With Green Mortgage Bonds
Bloomberg, June 10, 2019--Adam TempkinFreddie Mac is making its first foray into green bonds, starting a new commercial mortgage-backed security program backed by loans to apartment building owners who agree to make their properties more environmentally friendly.
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‘Not My People’-Trump Hectoring of Fed Chairman Complicates Rate Calls
Wall Street Journal, June 10, 2019--Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell's first six months on the job were smooth sailing. The past six have been the opposite. He has learned that the economic outlook can change suddenly, that communicating with jittery markets is harder than it looks and that President Trump isn't likely to make his job any easier.
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Tax Cuts and Jobs Act Will Likely Spur Demand for Entry-Level Homes, Researchers Say
HousingWire, June 10, 2019--Jessica GuerinLast year, the savings amounted to renters paying $2,716 less in taxes, and homeowners paying $1,508 less, according to researchers at John Burns Real Estate Consulting, which they say could drive some renters toward homeownership.
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Ocwen All But Drops Ocwen Name, Will Operate as PHH Mortgage and Liberty Home Equity Solutions
HousingWire, June 10, 2019--Jessica GuerinOcwen Financial announced Monday it hit two milestones enabling the company to officially service loans through its two primary brands: PHH Mortgage for forward servicing and lending, and Liberty Home Equity Solutions for reverse lending and servicing.
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