The Lede
Top National News
Driving Diversity in the Workplace
MReport, Sept. 23, 2019--Mike AlbaneseIn a career spanning nearly three decades, MBA's Marcia Davies continues her work to improve diversity and inclusion within the mortgage industry.
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Opportunity Awaits Even in a Fluctuating Fix and Flip Market
Mortgage Professional America, Sept. 23, 2019--Ryan RoseThe Mortgage Bankers Association predicts a 2.8% rise in home prices. While this market is becoming more and more challenging, investors must be aware and ready to meet these challenges.
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Mortgage Rates at 18%? That’s What We Got the Last Time a President Strong-Armed the Fed
HousingWire, Sept. 23, 2019--Kathleen HowleyThe National Bureau of Economic Research has weighed in on one of the most chilling questions to arise in decades on the usually dry topic of monetary policy: If a U.S. president tries to influence the most powerful central bank on the planet with public name-calling and derision, can it work?
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Fannie, Freddie Recapitalization Unlikely Before 2020 Election: KBW
National Mortgage News, Sept. 23, 2019--Brad Finkelstein (subscription)Recapitalization of Fannie Mae and Freddie Mac prior to the 2020 election is unlikely even if the net worth sweep ends, according to a Keefe, Bruyette & Woods report.
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Fed Policymakers Say Lower Rates are Helping
Reuters, Sept. 23, 2019--Howard Schneider, Ann SaphirThe Federal Reserve has delivered a boost to the economy this year not only with interest-rate cuts but also because it shifted away from its earlier view that it would need to raise rates in 2019, two Fed policymakers said on Monday.
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How Supreme Court Could Decide CFPB Constitutionality Question
National Mortgage News, Sept. 23, 2019--Kate Berry (subscription)A Supreme Court review of the Consumer Financial Protection Bureau's leadership structure looks even more likely now that the Department of Justice and the agency's own director have agreed that that structure is unconstitutional.
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Repo-Market Tumult Raises Concerns About New Benchmark Rate
Wall Street Journal, Sept. 23, 2019--Daniel Kruger, Vipal Monga (subscription)The tumult in the market for short-term cash loans highlights some analysts' concerns about the Secured Overnight Financing Rate, the Federal Reserve's proposed replacement for the troubled London Interbank Offered Rate, or LIBOR.
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