National Mortgage News, Nov. 22, 2019–Bonnie SinnockThe nonbank share of large mortgage servicing is growing, but smaller players tend to be depositories, the Consumer Financial Protection Bureau found in a …
Category: Top National News
House Dems Call on HUD to Rescind Changes to Disparate Impact Standard (subscription)
American Banker, Nov. 22, 2019–Neil HaggertyIn a scathing letter to HUD Secretary Ben Carson Friday, all of the Democrats on the House Financial Services Committee called on the department to …
Lenders Brace for Private-Equity Loan Defaults (subscription)
Wall Street Journal, Nov. 22, 2019–Matt WirzThe default risk of companies owned by private-equity firms is 2.5 times that of their public counterparts, according to data collected from banks, insurers …
CMBS is Vital Component of $3.5 Trillion U.S. Commercial Finance Industry
World Property Journal, Nov. 19, 2019–Michael GerrityBased on a new white paper by the Mortgage Bankers Association titled Role of CMBS in the Financing of Commercial and Multifamily Real Estate …
Despite Upticks in Home Equity, HELOCs Hit Record Low
The Mortgage Reports, Nov. 19, 2019–Aly J. YaleA study from the Mortgage Bankers Association shows overall demand from HELOC is down, largely due to confusion around its tax deductibility. The …
Investors Hit the Pause Button on CRE Debt Strategies
National Real Estate Investor, Nov. 19, 2019–Beth Mattson-Teig Private equity real estate funds have stepped up to be a major source of financing for the commercial real estate industry—and a …
OCC Offers Road Map for Banks to Bypass ‘Madden’ Ruling
American Banker, Nov. 18, 2019–Neil Haggerty (subscription)The Office of the Comptroller of the Currency proposed steps Monday for banks to be able to work around a 2015 court ruling that …
The Fed is Buying Billions of Mortgage Bonds–Here’s Why it Matters
MarketWatch, Nov. 18, 2019–Joy WiltermuthThe Federal Reserve has dramatically picked up the pace of its mortgage bond purchases in recent months as it seeks to keep the housing finance market …
Fannie Further Narrows a Gap with Freddie in Multifamily CRT
National Mortgage News, Nov. 15, 2019–Bonnie Sinnock (subscription)The Federal Housing Financial Agency’s latest report on credit risk transfers shows Fannie Mae continues to slowly improve a multifamily mortgage risk-sharing metric …
Where Mortgage Delinquency Rates Are Improving Most
DS News, Nov. 15, 2019–Seth WellbornSome of the the biggest drops in delinquency were seen in federal home loans, notably FHA loans, according to new data from the Mortgage Bankers …