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.
Category: Top National News
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.
Goldman’s Buying of Delinquent Mortgages Not Without Risk
The Hill, Mar. 20, 2017–Bert ElyThe author, principal of Ely & Co. Inc., says restructuring delinquent mortgages is not without its risks, though, as Goldman undoubtedly appreciates, for not all home mortgages can be successfully restructured.
Industry Backs Bill to Prevent G-Fee Raids
Scotsman Guide, Mar. 7, 2017–Victor WhitmanThe Mortgage Bankers Association, the American Bankers Association, the Independent Community Bankers of America and 10 other trade groups recently signed a letter in support of the bill.
Mark Calabria, Pence’s Chief Economist: CFPB Will Survive Trump Administration
HousingWire, Mar. 7, 2017–Ben LaneDespite the concerted effort by members of the Republican Party to dismantle the Consumer Financial Protection Bureau, a top Trump administration official told attendees at a conference in Washington that the embattled agency will likely survive the Trump administration.
Biggest Industry Pain Points with TRID Still Tied to Title and Settlement Services
HousingWire, Mar. 7, 2017–Sarah WheelerPanelists at an Ellie Mae conference said the Consumer Financial Protection Bureau’s proposed changes to the rule don’t address two of the biggest challenges, both of which concern lenders coordinating with title and settlement services.
Federal Reserve to Stop MBS Reinvestments in 2018–Morgan Stanley
GoRion, Mar. 7, 2017–Sam BourgiThe Federal Reserve is on course to end reinvestments of its mortgage-backed securities (MBS) holdings next year, as policymakers attempt to shrink a balance sheet that swelled following the financial crisis, analysts at Morgan Stanley recently predicted.
e-Mortgages to Benefit RMBS Loans
Mortgage Daily, Mar. 7, 2017A new report indicates loans included in residential mortgage-backed securities will benefit from digital mortgages as long as legal issues are addressed.
Watchdog: HUD Lacks Sufficient Oversight for Borrower-Financed Down Payment Programs
HousingWire, Mar. 8, 2017–Ben LaneAccording to the report from its Office of Inspector General, HUD “failed to adequately oversee” billions of dollars in loans that may have “questionable down payment assistance,” thereby putting the FHA’s Mutual Mortgage Insurance Fund at risk because of borrowers with higher than market interest rates.
