National Mortgage Professional, Dec. 5, 2019–Phil HallIn a poll of 2,000 working adults who have been homeowners for at least 10 years and make at least $50,000, 92 percent of …
Category: Top National News
California Bans Insurers From Dropping Homes in Wildfire Areas
Wall Street Journal, Dec. 5, 2019–Nicole Friedman (subscription)California regulators temporarily banned insurers from refusing to renew home-insurance policies in certain wildfire-prone parts of the state in an effort to halt …
Mortgage-Bond Supply Set to Surge in 2020 as Housing Strengthens
Bloomberg, Dec. 5, 2019–Christopher MaloneyMortgage-bond investors will need to absorb about 26% more agency MBS supply in 2020 as both home sales and prices continue to climb, according to the …
CMBS Market Update and Forecast for 2020
Commercial Property Executive, Dec. 5, 2019–Gail KalinoskiThe year started off so slow that CMBS issuance was up 58 percent between the first and second quarter of 2019, according to numbers …
Multifamily Delinquencies Remain at Record Lows in Q3
HousingWire, Dec. 5, 2019–Kelsey RamirezCommercial and multifamily mortgage delinquencies remained at record lows in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.https://www.housingwire.com/articles/multifamily-delinquencies-remain-at-record-lows-in-q3/
House Democrats Implore Regulators to Get in Sync on CRA
American Banker, Dec. 4, 2019–Neil Haggerty (subscription)House Democrats on Wednesday criticized the apparent decision by two federal banking regulators to move forward with a proposal to revamp the Community Reinvestment …
Quarles Concedes Fed Might Be Part of the Problem in Repo Crunch
Bloomberg, Dec. 4, 2019–Jesse HamiltonVice Chairman Randal Quarles agreed Wednesday that Fed supervisors have potentially created an impression that banks should prize cash reserves over stockpiled Treasuries when the firms …
Regulators See Nonbank Mortgage Firms as Potential Risk to U.S. Financial System
Wall Street Journal, Dec. 4, 2019–Andrew Ackerman (subscription)The Financial Stability Oversight Council, in a report released Wednesday, highlights mortgage companies as a potential vulnerability for the first time, Treasury officials …
Real Estate Firms Rolling Out New Funds for Mom-and-Pop Investors
Wall Street Journal, Dec. 3, 2019–Peter Grant (subscription)Real estate giants like Blackstone Group and Starwood Capital Group have raised billions of dollars from individual investors through a product known as …
Survey: Recession Odds Diminishing for U.S. Economy, But Watch for a Slowdown
Bankrate.com, Dec. 4, 2019–Sarah FosterThe nation’s top economists say a recession within the next year isn’t probable, but that doesn’t mean the U.S. economy will be worth bragging about. (MBA …