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
Category: Top National News
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
Survey: Most Homeowners Have Supported Adult Children Financially
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 …
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 …