Wall Street Journal, Oct. 23, 2019–Juliet Chung, Ben Eisen (subscriptionBefore the two mortgage giants can be privatized, they will potentially have to raise billions of dollars from investors, a move …
Category: Top National News
Study: One in Five Homeowners Feel House Rich, Cash Poor
National Mortgage Professional, Oct. 22, 2019–Phil HallIn a poll of 675 homeowners, 19.5 percent of homeowners felt “house rich, cash poor” most or all of the time while 73 percent …
Opportunity-Zone Funds Are Off to a Slow Start, Lagging Behind Heady Expectations
Wall Street Journal, Oct. 22, 2019–Ruth Simon, Peter Grant (subscription)The program, part of the 2017 federal tax overhaul, allows investors to defer and reduce taxes if they reinvest capital gains …
Calabria Says He’s Willing to Wipe Out Fannie Mae, Freddie Mac Shareholders
HousingWire, Oct. 22, 2019–Kathleen HowleyMark Calabria, director of the Federal Housing Finance Agency, said he’s willing to wipe out Fannie Mae and Freddie Mac shareholders if needed to protect taxpayers …
The Fed Is Buying Bonds Again. Just Don’t Call It Quantitative Easing
Wall Street Journal, Oct. 16, 2019–Nick Timiraos (subscription)The Federal Reserve began buying short-term Treasury debt Tuesday at an initial pace of $60 billion a month, but officials say these purchases …
Regulators Offer CECL Guidance to Aid Industry’s Adoption
National Mortgage News, Oct. 17, 2019–Hannah Lang (subscription)The proposed policy statement issued by the Federal Reserve, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and …
Bank Regulators Present a Dire Warning of Financial Risks From Climate Change
New York Times, Oct. 17, 2019–Christopher FlavelleHome values could fall significantly. Banks could stop lending to flood-prone communities. Towns could lose the tax money they need to build sea walls …
Another Day, Another Capitol Hill Grilling for CFPB’s Kraninger
National Mortgage News, Oct. 17, 2019–Kate Berry, Neil Haggerty (subscription)The head of the Consumer Financial Protection Bureau on Thursday took more heat from congressional Democrats over her reversing her position …
FHFA May Use Consent Decrees to Reduce GSE ‘Election Risk’
HousingWire, Oct. 18, 2019–Kathleen Howley The Trump administration has laid out more than two dozen unilateral actions it wants to take to put Fannie Mae and Freddie Mac firmer ground …
Nearly $42M in CMBS at Risk in GameStop Store Shutdown: Morningstar
National Mortgage News, Oct. 21, 2019–Bonnie Sinnock (subscription)GameStop’s plan to shutter up to 200 stores could adversely affect commercial mortgage-backed securities loans with a combined allocated property balance of almost …