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Cowen"s Seiberg says concern about Mnuchin"s GSE comment is overblown
6/14/2019 4:44 PM
Treasury Secretary Steven Mnuchin started last week having dinner with the Queen of England as part of the entourage accompanying President Donald Trump to Buckingham Palace. A few days later, he made financial news by throwing cold water on plans to reform Fannie Mae and Freddie Mac. "There has been much teeth-gnashing this week after Treasury Sec...Read More
 
Fitch: Home price growth slowest in 7 years
6/14/2019 4:20 PM
Home price growth has clearly slowed down in recent months as the housing market cools after a near six-year hot streak. Now, a report released by Fitch Ratings this week details just how much the market has slowed, and predicts where prices will go from here...Read More
 
New York lawmakers stun the real estate industry with rent control redux
6/14/2019 11:14 AM
New York State Senate and Assembly leaders have passed expansive changes to rent control laws that stunned the real estate industry. The state’s governor, Andrew Cuomo, signed the bill on Friday, a day before the existing, more moderate law expired. Legislators won’t have to worry about wrangling over tenant protections every few years, like the ol...Read More
 
Nantucket home sales jump 48% in May as wealthy Americans prepare for summer
6/13/2019 4:52 PM
Real estate on Nantucket Island, the Massachusetts beach resort that’s pricier than the Hamptons, matched a record in May as wealthy Americans prepared for summer. The volume of home sales jumped 48% to $62.7 million from $42.4 million a year earlier, according to data from Lee Real Estate. The average price for a single-family home on the island 3...Read More
 
Dueling polls on Fed"s next move suggest the safe bet is a July rate cut
6/13/2019 1:47 PM
Traders in futures markets are signaling a 22.5% probability of a Fed rate cut next week and an 86% chance of a cut at or before its July 30-31 meeting, according to CME Group. Economists polled by The Wall Street Journal gave a different picture: About 0.5% said they expect a move next week and 40% pegged it to the July gathering. That makes July ...Read More
 
House committee passes bill to make FHA loans less expensive
6/13/2019 1:03 PM
The House Financial Services Committee passed a bill Wednesday that would limit mortgage insurance payments on loans backed by the Federal Housing Administration. The bill would repeal FHA"s policy that requires borrowers to pay mortgage insurance for the life of the loan – something housing industry participants have lobbied for for years...Read More
 
HUD declares FHA is no longer backing DACA mortgages
6/13/2019 12:09 PM
After months and months of uncertainty about whether the FHA is backing mortgages for Deferred Action for Childhood Arrivals recipients or not, HUD has finally given an official answer. And that answer is no....Read More
 
Calabria to Congress: Fannie, Freddie reform is urgent, critical and overdue
6/13/2019 11:48 AM
FHFA Director Mark Calabria stressed the need to remove the GSEs from conservatorship to lawmakers, outlining the reforms he views as necessary in his first annual Report to Congress since taking the helm at the agency. Here’s what he wants Congress to do to "support sustainable homeownership....Read More
 
Mortgage Tech Rundown: CoreLogic, TapCap, EXOS and Homebot
6/13/2019 10:11 AM
This week"s mortgage tech rundown highlights the latest news in mortgage technology, featuring product updates, integrations and announcements...Read More
 
Citizens Bank unveils digital home buying and mortgage experience
6/12/2019 2:17 PM
Citizens Bank, which became one of the country’s largest mortgage companies when it acquired Franklin American Mortgage last year, is now diving headfirst into digital mortgages. This week, Citizens unveiled a new digital mortgage experience that will enable borrowers to both apply for and manage their mortgages online. But that’s not the only part...Read More




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Retirement contribution limits will rise in 2019
11/1/2018 3:50 PM
Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019....Read More



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