National Mortgage News, Dec. 16, 2019–Hannah Lang (subscription)The Federal Housing Finance Agency has proposed a plan that would exempt the Federal Home Loan Banks from conducting stress tests.https://www.nationalmortgagenews.com/news/fhfa-proposal-would-exempt-federal-home-loan-banks-from-stress-tests
Category: Top National News
Where Have all the CFPB Fair-Lending Cases Gone?
American Banker, Dec. 17, 2019–Kate Berry (subscription)Despite assurances by the Consumer Financial Protection Bureau that it is serious about cracking down on fair-lending violations, the lack of any CFPB enforcement …
Commercial/Multifamily Mortgage Delinquencies Stay Low
Commercial Property Executive, Dec. 16, 2019–Jamie Woodwell2019 continues to be a very solid year for commercial real estate, with increasing originations and very low delinquencies. Loans financing commercial and multifamily …
Reactions to CRA Plan Signal Long Fight Ahead
American Banker, Dec. 15, 2019–Brenan Pedersen (subscription)Bank regulators moved the needle this week on efforts to reform the Community Reinvestment Act, but their sweeping proposal could set in motion a …
Gundlach’s $150 Billion Decade May Be His Industry’s Last Hurrah
Bloomberg, Dec. 13, 2019–John GittelsohnA decade after the star investor known to his staff as “the Godfather” stunned Wall Street with his bitter split from TCW Group and creation of …
First-Time Homebuyers are Making a Comeback
HousingWire, Dec. 10, 2019–Kelsey RamirezFirst-time homebuyers are making a comeback this year as they made up 39% of all buyers in the single-family housing market during the third quarter, according …
The Imminent Death of the Prequal Letter
National Mortgage News, Dec. 10, 2019–Brandon Hoyles (subscription)The prequalification letter is set to fade into mortgage oblivion and its death is long overdue.https://www.nationalmortgagenews.com/opinion/the-imminent-death-of-the-prequal-letter
10 Housing and Mortgage Trends for 2020
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 …
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 …