On Aug. 31, publicly-traded real estate companies graduated out of the financial services sector into a sector of their own. How has the newest S&P 500 sector performed? The short answer is not so well.
Fannie Mae and Freddie Mac should be privately-owned utilities with returns to shareholders stipulated by regulators, according to proposals put forward by the Mortgage Bankers Association.
Two separate but parallel top-level reviews of mortgage-related regulations may yet allow community banks, credit unions and other proponents of “soft” information in loan underwriting to broaden credit access and permit small lenders to regain the competitive advantage they lost to big banks following adoption of the Dodd-Frank Act mandates, but industry observers say it’s a tall order.
Barring any mitigation actions by banks, up to 40% of their revenues could be lost to fintech companies in the not-too-distant future.
Spring buying season lifts home sales in March as underlying demand offsets higher mortgages.
As the mortgage market’s refinance volume declines, lenders likely will respond with more flexible underwriting standards as they seek to qualify borrowers for purchase loans, an action that may gradually increase credit risk.
When it comes to real estate, Millennials have been the perpetual under-class. But recent evidence suggests this cohort may be finally settling down and buying homes.
As we rapidly approach the end of the first quarter of 2017, we find ourselves in a dynamic marketplace.
Housing starts, regulatory reform a source of optimism for homebuilders at the end of Q1.
Alternative mortgages will present investors a $150 billion minimum choice versus agency product in 2017, even if the overall origination market declines, according to one executive whose firm is starting to securitize non-QM loans.