Miami Herald, Nov. 14, 2019–Rebecca San JuanIn the future, potential renters may visit available units, apply for leases and execute paperwork without ever seeing a human being. That’s what PropTech …
Category: Top National News
In Partisan D.C., House Banking Panel Flips the Script
American Banker, Nov. 14, 2019–Neil Haggerty (subscription)Nearly a year ago, the Democrats’ takeover of the House prompted fears that Rep. Maxine Waters’ control of the Financial Services Committee could spell …
Boomers Want to Stay Home. Senior Housing Now Faces a Budding Glut
Wall Street Journal, Nov. 12, 2019–Peter Grant (subscription)The rise of technologies that help the elderly stay in their homes threatens to upend one of commercial real estate’s biggest bets: Aging …
As CFPB Prepares to End QM Patch, Congress Tries to Soften the Blow
National Mortgage News, Nov. 12, 2019–Brendan Pedersen (subscription)Just as the Consumer Financial Protection Bureau wants to end a regulatory exemption for loans backed by Fannie Mae and Freddie Mac, some …
Reports Conclude: Downpayment Assistance Programs Have No Impact on Loan Performance
National Mortgage Professional Magazine, Nov. 13, 2019A report released by the Harvard Joint Center for Housing Studies has found that downpayment assistance programs had little impact on loan performance. The …
Subzero Interest Rates Are Luring Insurers to Risk
New York Times, Nov. 13, 2019–Jack EwingUsually the most strait-laced of investors, insurance companies are letting loose to gain some income, drawing the attention of regulators.https://www.nytimes.com/2019/11/13/business/insurance-negative-interest-rates.html?nl=todaysheadlines&emc=edit_th_191114?campaign_id=2&instance_id=13712&segment_id=18767&user_id=e670283fb4fff3d4391d6f88569ad498®i_id=420636741114
Fannie and Freddie Will Likely Exit Conservatorship by 2024, Calabria Says
National Mortgage News, Nov. 13, 2019–Neil Haggerty (subscription)Federal Housing Finance Agency Director Mark Calabria said Fannie Mae and Freddie Mac are expected to be out of government conservatorship by the …
Subprime Mortgages Keep Minting Cash for Ex-Bear Stearns Banker
Bloomberg, Nov. 11, 2019–Josh SaulSubprime mortgages may have wreaked havoc on the U.S. economy over the past decade, but they have been very good to Tom Marano.https://www.bloomberg.com/news/articles/2019-11-11/subprime-mortgages-keep-minting-cash-for-ex-bear-stearns-banker
Record Business for the Newest Mortgage Insurers in the Third Quarter
National Mortgage News, Nov. 8, 2019–Brad Finkelstein (subscription)The two newest private mortgage insurance companies had their best quarters ever for new insurance written, aided by the increase in consumers refinancing …
Ocwen’s Cost Savings Initiatives Steer it Toward Profitability: CEO
National Mortgage News, Nov. 5, 2019–Brad Finkelstein (subscription)Ocwen Financial’s cost-cutting initiatives are bearing fruit toward returning to profitability, management said, although the company’s third-quarter loss was slightly higher than the …