Category: Top National News

National Real Estate Investor, May 5, 2016–Smith, Geoff; Thomas, Jay
There’s no doubt that now is an interesting time in the mortgage market for multifamily assets located in secondary locations, brimming with potential, promise and uncertainty.

National Real Estate Investor, May 4, 2016–Mattson-Teig, Beth 
Although fundraising remains strong by historical standards, new capital flowing into global private equity real estate funds took a big step back in first quarter.

HousingWire, May 4, 2016–Swanson, Brena
Nationstar Mortgage Holdings’ earnings followed in the steps of Freddie Mac and Walter Investment Management Corp. as its earnings took a hit from the first quarter’s historically low interest rates.

Bloomberg, May 4, 2016–Levine, Matt
The new rules demystify some of the magic of banking. They force counterparties to examine the trick more closely, and to confront the fact that it covers up but doesn’t quite eliminate risk.

Associated Press, May 5, 2016–Gordon, Marcy
Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings.

MarketWatch, May 5, 2016–Riquier, Andrea
Fannie Mae CEO Fannie CEO Tim Mayopoulos called it “not sustainable” to operate without capital just after his company reported a $1.14 billion profit in the first three months of the year, the 17th consecutive quarter of profitability.

HousingWire, May 5, 2016–Gaffney, Jacob
For all the calls to reduce the roles Fannie Mae and Freddie Mac play in the mortgage finance world, Timothy Mayopoulos shared this point: Private capital is “unwilling to step in” to replace the government-sponsored enterprises as mortgage finance leaders in the secondary market.

Bloomberg, May 5, 2016–Barinka, Alex; Basak, Sonali
American International Group Inc.’s mortgage insurer, United Guaranty Corp., is seeking to raise about $700 million to $800 million as it sells shares to the public.

Associated Press, May 5, 2016
The Montana Supreme Court has upheld $426,000 in damages and attorney’s fees awarded to a couple who sued a loan servicing company alleging it violated federal and state laws in repeatedly trying to foreclose on their house.

Arizona Republic, May 7, 2016–Wiles, Russ
Despite a lot of media attention at the time paid to strategic defaulters, they were rare: fewer than 1% of households with the financial means to pay instead chose to walk away.