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Results: 195 Articles found.
Jun 19, 2019 12:30 PM

Properties Located in Opportunity Zones Show Sales Growth: Real Capital Analytics

Interest in properties located within opportunity zones is rising, which is spurring owners of lower-quality assets to finally sell, according to a study released June 10 by Real Capital Analytics, GlobeSt.com reported. The study noted, however, many of the properties have deferred maintenance and are not selling for top dollar.

 
Jun 12, 2019 12:30 PM

Local Governments Have Worst Homebuilding Regulations: FHFA

Local municipalities need to reduce the number of regulations and the costs associated with them in order to spur homebuilding, Mark Calabria, director of the Federal Housing Finance Agency, told attendees June 3 at a conference in Washington, HousingWire reported. Calabria said the supply of homes under construction is not enough to keep up with demand.

 
Jun 12, 2019 12:30 PM

Fannie, Freddie Launch Uniform Mortgage-backed Security

Fannie Mae and Freddie Mac on June 3 launched the Uniform Mortgage-Backed Security, completing the their single-security initiative, MReport reported. The government-sponsored enterprises expect more efficiency and liquidity in the housing market, but critics argue that the UMBS won’t lower mortgage rates as touted.

 
Jun 12, 2019 12:30 PM

40% of Surveyed Economists Said They Expect a Fed Rate Drop Within the Next Year

Forty percent of economists who responded to Bankrate’s Second-Quarter Economic Indicator survey released June 6 said they believe that the Federal Reserve will lower interest rates in the next year. Respondents cited escalating U.S. tensions with China, slowing international growth and depleting fiscal stimulus as key factors.

 
Jun 05, 2019 12:30 PM

Licensed Alabama Appraisers Now Can Begin Performing Evaluations

Alabama enacted legislation, effective May 29, allowing state-licensed appraisers to perform evaluations for federally regulated financial institutions.

 
Jun 05, 2019 12:30 PM

Louisiana Appraisers May Start Performing Evaluations Aug. 1

Louisiana Gov. John Bel Edwards on May 30 signed HB 340, legislation that allows appraisers in the state to provide evaluations for federally insured depository institutions. The law takes effect Aug. 1.

 
Jun 05, 2019 12:30 PM

PACE Financing, HMDA Act Among Top Rulemaking Priorities for CFPB for the Year

The Consumer Financial Protection Bureau published its rulemaking agenda May 22, revealing that two of the biggest regulatory matters it will focus on over the next year will be financing for property assessed clean energy loans and new rules related to the Home Mortgage Disclosure Act. The agenda covers rulemaking through April 30, 2020.

 
May 29, 2019 05:05 PM

Government Agencies to Improve Relationship with Lenders: FHA

Regulatory compliance standards are discouraging lenders from working with various government housing agencies, Brian Montgomery, Federal Housing Administration commissioner, told attendees May 23 at a Mortgage Bankers Association conference, MBA NewsLink reported. Montgomery said the agencies are seeking to create a friendlier environment to encourage more lending.

 
May 29, 2019 05:03 PM

Survey Shows 47% of Homebuyers Affected by Tax Changes

Tax changes affected the house hunt of 47% of potential homebuyers this year, down from 56% last year when the effects of tax reform were mostly still speculative and not yet realized in paychecks, the online real estate marketplace Redfin reported in a survey released May 16.

 
May 29, 2019 04:59 PM

Mortgage Industry May Struggle with 'Zombie' LIBOR After Phaseout, Reuters Reports

The nation's mortgage industry probably will still have to deal with a "zombie" version of the London Interbank Offered Rate even after the benchmark is phased out in 2021, Reuters reported May 21. The trade group Alternative Reference Rates Committee has introduced guidelines, backed by the Federal Reserve, for participants to use another reference rate.

 
 
Results: 195 Articles found.

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