American Banker, Jan. 8, 2020–Hannah Lang (subscription)Federal Housing Finance Agency Director Mark Calabria raised the possibility Wednesday that Fannie Mae and Freddie Mac could operate under a consent order once …
Category: Top National News
Crowdfunding Firms Blow Up the Model to Survive in Real Estate
Wall Street Journal, Jan. 7, 2020–Konrad Putzier (subscription)An attempt at transforming real estate investing the way Amazon changed retail is getting another go.https://www.wsj.com/articles/crowdfunding-firms-blow-up-the-model-to-survive-in-real-estate-11578398401
Some Americans are Ditching their Mortgage to Rent in Retirement…
Business Insider, Jan. 7, 2020–Liz KnuevenWhile conventional advice says that mortgage-free homeownership is important to retirement, many American retirees are finding that renting better fits their lifestyle and their finances.https://www.businessinsider.com/renting-in-retirement-vs-homeownership
In Florida, Homeowners Come for the Weather and Stay for the Tax Relief
Wall Street Journal, Jan. 8, 2020–Beth DeCarbo (subscription)Wealthy property owners are fleeing high-tax states like New York, New Jersey, and Connecticut for the Sunshine State, which has no state income …
Mortgage Broker Settles FTC Charges It Posted Unhappy Customers’ Personal Info On Yelp
Forbes, Jan. 7, 2020–Kelly Anne SmithThe FTC says Ramon Walker, the owner of Mortgage Solutions, FCS (doing business as Mount Diablo Lending), responded online to negative Yelp reviews about his …
Mortgage Relief Companies Ordered to Pay $18.5 Million to Misled Homeowners
WFTV.com (Orlando, Fla.), Dec. 31, 2019–Samantha ManningA federal judge has banned a group of companies from providing mortgage debt relief services after the government said they misled homeowners with false …
New Jersey’s Mortgage Servicing Law is About to Kick into High Gear
National Mortgage News, Dec. 31, 2019–Bonnie Sinnock (subscription)The New Jersey Department of Banking and Insurance is warning that enforcement of its 2019 residential mortgage servicer licensing law will begin in …
Tracking and Explaining Big Picture Shifts in Mortgage Risk Factors
Mortgage News Daily, Dec. 31, 2019–Jann SwansonThe effects of low interest rates continue to echo through the mortgage markets. Those rates can be credited, at least in part, with a …
The 2020 Legislative Docket: AML Reform, GSEs, Dems v. Regulators
American Banker, Jan. 1, 2019–Neil Haggerty (subscription)House Financial Services Committee Chairwoman Maxine Waters, D-Calif., said the panel will continue to shine a bright light on Trump administration changes to agencies …
Prediction: Home Values Will Drop by 25% to 50% in Decade Ahead
Orange County Register, Jan. 2. 2020–Jeff LazersonMortgage broker Jeff Lazerson predicts California will be especially vulnerable to a regional home price collapse because of the state’s extraordinary price gains as …