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.
HousingWire, Mar. 18, 2016–Swanson, Brena
Fannie Mae announced its first Credit Insurance Risk Transfer transactions of 2016, shifting the credit risk on pools of single-family loans with a combined unpaid principal balance of approximately $19.5 billion to a group of insurers and reinsurers.
DSNews, Mar. 21, 2016–West, Xhevrije
The non-qualified mortgage loan market has originators a bit wary toward borrowers and questioning if the risk is really worth it.
