NerdWallet, Dec. 10, 2019–Holden LewisFannie Mae, Freddie Mac, the Mortgage Bankers Association and the National Association of Realtors all predict that mortgage rates will end 2020 within a quarter of …
Category: Top National News
VA Loans Are Becoming More Popular, Driving an Increase in Ginnie Mae’s Support of Housing Market
HousingWire, Dec. 10, 2019–Ben LaneGinnie Mae, the government agency that issues mortgage bonds backed by Federal Housing Administration and Department of Veterans Affairs loans, now insures more than $2.1 trillion …
Safeway Owner, Rival Grocers Bet on Smaller Warehouses
Wall Street Journal, Dec. 12, 2019–Jaewon Kang (subscription)Food retailers are making big bets on small warehouses to bulk up their growing delivery businesses, as supermarkets try different approaches to get …
Fannie Mae and Freddie Mac Make the 30-Year Mortgage Possible
Bloomberg, Dec. 9, 2019–Joe NoceraIn this opinion piece the author asks, “Why would the federal government try to privatize the companies if they’re doing their job now?”https://www.bloomberg.com/opinion/articles/2019-12-09/fannie-mae-and-freddie-mac-make-the-30-year-mortgage-possible
Fannie Mae, Freddie Mac Watchdog Prepping for ‘Massive IPO’
HousingWire, Dec. 9, 2019–Kathleen HowleyThe watchdog for Fannie Mae and Freddie Mac is interviewing Wall Street firms to handle a public offering of the shares of the nation’s two largest …
Fannie Mae and Freddie Mac Curb Some Loans as Regulator Reins In Risk
Wall Street Journal, Dec. 10, 2019–Ben Eisen (subscription)Fannie Mae and Freddie Mac are pulling back on some mortgages meant to make homeownership more affordable, their latest effort to rein in …
Mortgage-Backed Securities Held By U.S. Commercial Banks Surpasses $2 Trillion: Cause For Concern?
Forbes, Dec. 9, 2019–Trefis TeamMortgage-backed securities played a pivotal role in triggering the 2008 recession. And there was a notable reduction in the amount of MBS U.S. banks held on …
For Eighth Straight Quarter, CMBS Loan Delinquency Rates Drop: MBA
National Mortgage News, Dec. 6, 2019–Paul Centopani (subscription)Most commercial and multifamily loan-delinquency rates remained near record lows in the third quarter thanks to low mortgage rates and high property values, …
Longtime Philadelphia Mortgage Exec Named CEO of Fannie-Freddie Joint Venture
Philadelphia Business Journal, Dec. 6, 2019–Jeff BlumenthalCommon Securitization Solutions, or CSS, has been instrumental in building and running the technology platform that supports the new Uniform Mortgage-Backed Security. Anthony N. …
Chinese Investment in U.S. Commercial Real Estate Is Plunging
Wall Street Journal, Dec. 5, 2019–Natalie Wong (subscription)Chinese investment in U.S. commercial property is plunging as restrictions on capital leaving the country and geopolitical tensions weigh on real estate deals.https://www.bloomberg.com/news/articles/2019-12-05/chinese-investment-in-u-s-commercial-real-estate-is-plunging