HousingWire, Mar. 16, 2017–Kelsey RamirezWithin the housing market, one of the independent agencies that will be completely defunded is Neighborhood Reinvestment Corp., also known as NeighborWorks America.
Category: Top National News
Schumer Calls for Protecting Mortgage Interest Deduction
Buffalo News, Mar. 16, 2017–Matt GlynnSen. Charles Schumer, D-N.Y., is pushing back against what he sees as threats to deductions for mortgage interest and local and state property taxes.
An Ohio County Is About to Foreclose on a $5 Million Basket
Bloomberg, Mar. 16, 2017–Polly MosendzAfter languishing on the real estate market for months, a multimillion-dollar, seven-story, basket-shaped building will soon be the property of Licking County, Ohio. A foreclosure is imminent, according to local officials.
Trump Budget Could Worsen Flood Insurance Woes
National Mortgage News, Mar. 17, 2017–Brian Collins (subscription)The Trump administration’s decision to slash all funding for the flood mapping and loss mitigation efforts in flood-prone communities is getting pushback from supporters of better flood management policies.
CFPB May Fall Under New Executive Order to Reorganize Executive Branch
HousingWire, Mar. 17, 2017–Brena SwansonIt looks like the most recent executive order from President Donald Trump to reorganize the executive branch may apply to the Consumer Financial Protection Bureau.
Justice Department Turns Against CFPB in Constitutionality Case
National Mortgage News, Mar. 17, 2017–Kate Berry (subscription)The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau, but stopped short of asking for the bureau to be abolished.
Rep. Hill: It’s a Good Time to Reassess the Impact of Dodd-Frank
HousingWire, Mar. 17, 2017–Brena SwansonIn light of President Donald Trump’s budget proposal, House Financial Services Committee Majority Whip French Hill, R-Ark., said the Dodd-Frank Act merits a strong review.
Price Growth on Commercial Assets Is Showing Signs of Petering Out
National Real Estate Investor, Mar. 20, 2017Price increases for U.S. commercial real estate assets have started to moderate in recent months, perhaps as a result of the expectation of rising interest rates.
Private-Label Mortgage Bonds are Rising From the Grave
CNBC, Mar. 20, 2017–Diana Olick Remember the sliced and diced mortgage-backed bonds that brought down the U.S. economy? They’re back, but their makers say they are nothing like the former bonds–not even close.
GSE Reform Could Significantly Impact Home Finance
Mortgage Daily, Mar. 20, 2017Moody’s Investors Service said reforming the government-sponsored enterprises could have wide-reaching implications for a range of sectors and entities.