GlobeSt.com, Sept. 22, 2015–Bubny, Paul
Outstanding commercial/multifamily mortgage debt rose by 1.4% during the second quarter, with multifamily debt hitting $1 trillion, the Mortgage Bankers Association said Tuesday.

GlobeSt.com, Sept. 22, 2015–Bubny, Paul
Outstanding commercial/multifamily mortgage debt rose by 1.4% during the second quarter, with multifamily debt hitting $1 trillion, the Mortgage Bankers Association said Tuesday.
Wall Street Journal, Sept. 22, 2015–Coppola, Alex
Low interest rates allowed a young New Yorker to retire her card debt and still pay less on her co-op loan.
HousingWire, Sept. 22, 2015–Gaffney, Jacob
Flashback to the 2008 timeframe where the subprime debacle was just taking hold. Enter into that the cast of characters who bet against the big banks, and potentially, the American economy to get rich while the Empire crumbled. Add in a couple of Hollywood A-listers and you get The Big Short movie, based on the book by Michael Lewis.
National Mortgage News, Sept. 22, 2015–Collins, Brian
Ginnie Mae may soon raise its liquidity and cash requirements for independent mortgage banking firms since it seems almost certain that Congress won’t increase the agency’s budget for fiscal year 2016.
Politico, Sept. 28, 2015–Prior, Jon
Interviews with more than 20 housing counselors, Legal Aid lawyers and government prosecutors in states hard hit by the real estate crisis that followed the 2007 financial meltdown reveal that the nation’s top lenders are violating the settlement and rules put in place last year by the Consumer Financial Protection Bureau.
National Mortgage Professional, Sept. 28, 2015–Hall, Phil
New data reports finds a housing market where home prices and loan delinquencies are quite different from a year ago, but the persistent question of affordability options is being challenged in a new study that calls for more so-called “inclusionary housing” in new real estate developments.
Associated Press, Sept. 27, 2015
Former Great Country Mortgage Bankers owner Hector Hernandez will serve the longest prison term of anyone involved in the massive scheme andalso must pay more than $64 million in restitution.
HousingWire, Sept. 28, 2015–Garrison, Trey
MBA President and CEO David Stevens says the Consumer Financial Protection Bureau’s complaint database foments disinformation and has failed to take steps to correct these issues.
New York Times, Sept. 28, 2015–Goldstein, Matthew
Private equity and hedge fund firms have bought more than 100,000 troubled mortgages at a discount from banks and federal housing agencies, emerging as aggressive liquidators for the remains of the mortgage crisis that erupted nearly a decade ago.
National Mortgage Professional, Sept. 17, 2015–Hall, Phil
In a bold challenge to what has recently become a widely accepted theory across the housing industry, Zillow is insisting that the record level of student debt carried by recent college graduates is having no impact on one’s ability to obtain a mortgage.