Scotsman Guide, Mar. 15, 2016–Whitman, Victor
CMBS loans aren’t competitive right now against other commercial loan types because of turbulence in the bond markets, analysts say. “Since the beginning of the year, an awful lot of analysts have cut their projections for 2016 by 25 percent to 30 percent or more,” said Jamie Woodwell, MBA’s vice president of research.
National Mortgage Professional, Mar. 15, 2016–Hall, Phil
A coalition of 17 financial and housing trade associations has called on House and Senate leaders to include language in the Fiscal Year 2017 Budget to prevent efforts to use guarantee fees (g-fees) collected by Fannie Mae and Freddie Mac for non-housing purposes. The Mortgage Bankers Association is among the groups.
MultifamilyBiz.com, Mar. 15, 2016
Commercial/multifamily mortgage debt outstanding increased to $2.83 trillion in the fourth quarter, an increase of $59.7 billion, or 2.2 percent, over the third quarter, according to data collected by the Mortgage Bankers Association.
Wall Street Journal, Mar. 15, 2016–Borak, Donna
The chairman of the House Financial Services Committee on Tuesday previewed a Republican plan to revamp the 2010 Dodd-Frank financial overhaul law, a proposal that would ease regulations for community banks and mandate a cost analysis of proposed policy changes.
National Mortgage News, Mar. 15, 2016–Collins, Brian
Ginnie Mae needs more and better paid staff to keep up with growing risks on nonbank seller/servicers, the watchdog agency head said.
HousingWire, Mar. 15, 2016–Gaffney, Jacob
Wall street investment bank JP Morgan is putting together a massive residential mortgage-backed securities deal for the private market.
HousingWire, Mar. 17, 2016–Swanson, Brena
The net gain on each loan originated by independent mortgage banks and mortgage bank subsidiaries plummeted 60 percent in fourth-quarter 2015 due to the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October, the Mortgage Bankers Association reported.
National Mortgage News, Mar. 17, 2016–Finkelstein, Brad
If the Federal Reserve raises short-term rates in June, market volatility will spur investors to buy long-term bonds, driving down the 30-year mortgage rate to around 3%, consultant Barry Habib argues.
Builder Magazine, Mar. 18, 2016–Croce, Brian
It’s been more than five months since the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure (TRID) went into effect with the main goal of simplifying the home closing process for consumers. The result–a lot of moving parts.
National Mortgage News, Mar. 18, 2016–Collins, Brian
As servicers downsize their loss mitigation units, housing counselors are finding the companies’ designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.
