The Lede

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Industry Reaction Varied to Life Beyond LIBOR
National Mortgage Professional, June 4, 2019--Phil HallThe upcoming expiration of the London Interbank Offered Rate is being met with a somewhat unwieldly response by U.S. commercial and multifamily real estate finance firms, according to a survey by the Mortgage Bankers Association's LIBOR Outreach Committee.
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SoFi Loses Three Top Executives
Wall Street Journal, June 4, 2019--Peter Rudegeair (subscription)Three top executives of Social Finance Inc. are leaving the financial-tech startup in the coming weeks, adding to the challenges the company faces as it moves through a tough environment for online lenders.
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Duo on House Banking Panel Say GSE Reform Should Top Agenda
National Mortgage News, June 4, 2019--Hannah Lang (subscription)Enacting GSE reform faces a whole host of obstacles, not the least of which is a divided Congress, and the administration has signaled its desire to shake up Fannie Mae and Freddie Mac. But Rep. Lacy Clay, D-Mo., the chairman of the housing subcommittee, and Rep. Sean Duffy, R-Wis., the ranking member, agreed that congressional action was a priority.
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Inventory Growth is Now Outpacing Sales in Buyer-Friendly Housing Markets
HousingWire, June 4, 2019--Alcynna LloydAs more and more homeowners list their homes for sale, new data suggest the market is shifting further in the favor of homebuyers.
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Manhattan Condo Owners Are Cutting Deals as Their Tax Breaks End
Bloomberg, June 4, 2019--Oshrat CarmielManhattan condo owners who've enjoyed property-tax reductions are heading for the exits of their posh buildings as their breaks are set to expire.
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Why Consumers Just Can’t Stop Complaining About Credit Bureaus
American Banker, June 4, 2019--Penny Crosman (subscription)For the past four years, credit reporting has generated the most complaints in the Consumer Financial Protection Bureau's complaint database. It makes up 43% of all grievances in the database, a jump from 23% in 2016, according to an analysis by the U.S. PIRG Education Fund.
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Debbie Hoffman Explains the Links in ‘Game-Changer’ Blockchain
Mortgage Media, June 4, 2019The level of understanding about--and exploration of--blockchain in data collection and retention is on the rise, notes Symmetry Blockchain Advisors founder/CEO Debbie Hoffman.
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Four Ways The Trade Wars Are Undermining Commercial Real Estate
Forbes, June 4, 2019--Jeff LevinHere are four ways the trade wars have affected commercial real estate markets across the country and how the industry can address them.
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