Scotsman Guide, April 3, 2023–Jeff BondCommercial real estate appears to be ready to sustain another down year, according to the Mortgage Bankers Association. After the market peaked in 2021 with …
Category: Top National News
FHFA Watchdog Finds Lapses in Conservatorship Record-Keeping
National Mortgage News, Mar. 30, 2023–Bonnie Sinnock (subscription)The Federal Housing Finance Agency’s watchdog asked the regulator to improve its record keeping for decisions made as the government-sponsored enterprises’ conservator after …
Fair Lending Director Says CFPB Undeterred by Townstone Defeat
Inside Mortgage Finance, Mar. 30, 2023–Sam ManasThe Consumer Financial Protection Bureau plans on bringing fair lending cases involving prospective applicants for mortgages even though the agency recently suffered a significant …
Yellen Says U.S. Bank Rules May be Too Loose, Needs to be Re-Examined
Reuters, Mar. 30, 2023–David LawderTreasury Secretary Janet Yellen said on Thursday that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valley Bank and …
Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk
National Mortgage Professional, Mar. 30, 2023–David Krechevsky“A major disruption or failure of a large mortgage servicer really gives me a nightmare,” Chopra said Tuesday during CBA Live 2023, a conference …
Scarcer Debt for CRE Under Scrutiny
CommercialSearch, March 30, 2023–Fotios TsarouhisThe aftershocks of March’s financial tumult, from the collapse of Silicon Valley Bank and Signature Bank, to the regulator-arranged proposed takeover of Credit Suisse by UBS, …
CFPB Asking Questions About ‘Capital Liquidity Resilience’ of Servicers
Inside Mortgage Finance, Mar. 29, 2023–Sam ManasWith a nod toward the collapse of Silicon Valley Bank and the ensuing liquidity crisis, Consumer Financial Protection Bureau Director Rohit Chopra this week …
Fidelity National Financial To Pay N.Y. $3.5M, End ‘No-Poach’ Deals
National Mortgage Professional, Mar. 29, 2023–David KrechevskyNew York Attorney General Letitia James said Wednesday the agreement was the result of an investigation by her office that discovered that Fidelity and …
MBA Raises Concerns About SEC Proposal on Securitization
Inside Mortgage Finance, Mar. 28, 2023–Brandon IveyA proposed rule from the Securities and Exchange Commission regarding conflicts of interest in securitizations could cause serious problems for residential finance participants, according …
MBA’s Broeksmit: Media Coverage of CRE and Financial Stress Doesn’t Capture “the Complete Picture”
ConnectCRE, Mar. 28, 2023–Paul BubnyMortgage Bankers Association President and CEO Bob Broeksmit, CMB, said recent media coverage of uncertainty in commercial real estate markets hasn’t always provided an accurate picture. …