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Fannie Mae: Declining Mortgage Rates Propel Nation’s Home Buying Outlook to New High
HousingWire, Sept. 9, 2019--Alcynna LloydAs homebuyer demand rises, the Mortgage Bankers Association indicates that refinance demand is also growing. According to the organization's latest Mortgage Applications Survey, August's refinance volume was more than 150% higher than the same time period in 2018.
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Fannie, Freddie Getting Closer to Retaining Their Earnings
Wall Street Journal, Sept. 9, 2019--Kate Davidson (subscription)Treasury Secretary Steven Mnuchin said Monday he expects an agreement soon to allow Fannie Mae and Freddie Mac to begin retaining their earnings, one of the first steps in the administration's plan to return the mortgage-finance companies to private hands.
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Enforcement Actions are Still a Tool in CFPB Arsenal, Kraninger Says
American Banker, Sept. 9, 2019--Hannah Lang (subscription)The Consumer Financial Protection Bureau is stepping up its enforcement actions after her predecessor had temporarily frozen the agency's ability to use the tool, said Director Kathy Kraninger.
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FTC to Block Fidelity’s Acquisition of Stewart on Competitive Grounds
National Mortgage News, Sept. 9, 2019--Brad Finkelstein (subscription)The Federal Trade Commission wants to block the merger of Fidelity National Financial and Stewart Information Services stating the deal would reduce competition for title insurance, including for large commercial real estate transactions.
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Beyond “Best Efforts”: Why Commercial Real Estate Needs to Catch Up on Diversity
Urban Land magazine, Sept. 9, 2019--Kirk Sikes, Evan Mitchell, Sommer HeymanIn commercial real estate, we are rewarded for staying ahead of the curve and identifying opportunities that others miss. If we refuse to acknowledge the competitive advantage that diversity offers in our pursuit of returns, we are willingly accepting lower yields and additional risk.
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