World Property Journal, June 20, 206–Gerrity, Mike
According to the Mortgage Bankers Association, commercial and multifamily mortgage debt outstanding increased by $35.3 billion in the first quarter, as three of the four major investor groups increased their holdings. That is a 1.2 percent increase over the fourth quarter.
Bloomberg, June 20, 2016–Gittelsohn, John; Mulholland, Sarah
U.S. commercial real estate prices may fall as much as 5 percent in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords, Pacific Investment Management Co. said in a report Monday.
HousingWire, June 20, 2016–Lane, Ben
According to the FTC, the California-based law firms bilked millions of dollars out of homeowners who were facing foreclosure by telling them that they could join a “mass joinder” lawsuit against their respective mortgage note holders that could discharge their mortgage entirely, provide monetary relief, or both.
Wall Street Journal, June 20, 2016–Rexrode, Christina
The two banks have lagged behind Wells Fargo and J.P. Morgan on certain metrics, including dividends, share-price gains and valuation.
GlobeSt.com, June 9, 2016–Bubny, Paul
The Mortgage Bankers Association’s Jamie Woodwell cites “strong fundamentals and strong property prices, as well as still-low interest rates” underpinning commercial mortgages.
National Mortgage News, June 9, 2016–Finkelstein, Brad
Secondary market loan purchaser liability is probably the juiciest topic that the Consumer Financial Protection Bureau will address in its expected clarifications of TILA/RESPA integrated disclosure rules in July.
Urban Institute, June 9, 2016–Kaul, Karan
Today, the guarantee fees borrowers pay on mortgages backed by the GSEs are set by the Federal Housing Finance Agency. The fees do not change with market conditions, largely insulating borrowers from significant mortgage rate volatility. But in a future housing finance system, private capital (rather than the government) will bear most credit risk.
National Mortgage Professional, June 8, 2016–Hall, Phil
Five industry trade groups expressed their concern to Federal Housing Finance Agency Director Mel Watt that any reforms to the secondary market should originate in Congress and not in his regulatory agency.
HousingWire, June 8, 2016–Tozer, Ted
The author, president of Ginnie Mae, warned a lack of access to capital could severely limit the servicing capacity of independent mortgage bankers, which could in turn limit overall servicing capacity.
MarketWatch, June 8, 2016–Riquier, Andrea
A lack of trust in institutions persists after the housing crisis, says book author David Dayen.
