Category: Top National News

American Banker, Mar. 27, 2019–Kate Berry (subscription)Assemblywoman Monique Limon, D-Santa Barbara, said Wednesday that California needs more consumer protection, either through the creation of a new agency similar to the federal Consumer Financial Protection Bureau, or by increasing the enforcement budget of the state’s Department of Business Oversight.

Bloomberg, Mar. 25, 2019–Editorial BoardMortgage servicing was a disaster in the last crisis. It still needs fixing.

National Mortgage News, Mar. 25, 2019–Paul Centopani (subscription)Consumers’ desire for a digitized mortgage process and increased data-privacy regulation force lenders into a race to keep up with evolving cybersecurity risks extending beyond their own operations.

HousingWire, Mar. 25, 2019–Caroline BasileA panel of multifamily and commercial real estate experts at the Mortgage Bankers Association’s 2019 Technology Solutions Conference in Dallas discussed the pros and cons of developing technology versus buying a solution or tool from a vendor.

HousingWire, Mar. 22, 2019–Ben LaneThe lawsuit was filed this week by the state of Pennsylvania, which claims that Bank of America; Barclays Capital; BNP Paribas; Citigroup; Credit Suisse; Deutsche Bank; Deutsche Bank Securities; First Tennessee Bank; FTN Financial Securities; Goldman Sachs; JPMorgan Chase; J.P. Morgan Securities; Merrill Lynch; and UBS Securities conspired to both overcharge and underpay investors on debt bonds issued by Fannie and Freddie between 2009 and 2014.

Bloomberg, Mar. 22, 2019–Christopher MaloneyMortgage securities may perform worse than government bonds in the coming months after the Federal Reserve said it plans to move more of its debt holdings into U.S. Treasuries.

Fox Business, Mar. 21, 2019Dolly Lenz, founder of Dolly Lenz Real Estate, and Michael Fratantoni, chief economist for the Mortgage Bankers Association, on the report that jumbo mortgages dropped 12 percent in dollar volume in 2018.

Corporate Real Estate Journal Thomas Kim, MBA Senior Vice President, recently authored a paper for the UK-based Corporate Real Estate Journal on the role of venture capital, startups and technology-based investments in the commercial real estate industry. 

Bloomberg Tax, Mar. 21, 2019The real estate and banking lobbies asked, the White House’s regulatory review office listened-and then the administration helped those industries become eligible for a $414.5 billion perk in the 2017 tax law. Pete Mills, the Mortgage Bankers Association’s senior vice president of residential policy, said in an emailed statement that the group was “pleased that the final rule reflected changes in the definition of ‘dealing in securities’ that were consistent with the recommendations in our formal comments.”

National Mortgage News, Mar. 21, 2019–Hannah Lang (subscription)Freddie Mac made it official on Thursday that David Brickman, a 20-year veteran with the mortgage giant, will become CEO effective July 1.