Home >> Tag Archives: Investors (page 358)

Tag Archives: Investors

Mortgage Applications Down Nationwide

application

Mortgage loan applications fell by 0.4 percent nationwide over the last week, spreading unease among lenders concerned about the potential for a dip in the housing market, according to a study released by the Mortgage Bankers Association (MBA) on Wednesday. The decline in loan applications coincides with the lowest rates for mortgages in the last six months and the fewest applications for home purchases in nearly 15 years. Market analysts say people are "nervous," which can preclude signing on the bottom line to buy a home.

Read More »

Mortgage Bankers Praise Risk Retention Comment Extension

The nation's largest association for mortgage bankers has issued a statement praising a last-minute extension of the comment deadline for Dodd-Frank's controversial risk-retention rule and its Qualified Residential Mortgage (QRM), which opponents charge will make loans more expensive for homebuyers. The Mortgage Bankers Association says the rule will have a "profound long-term effect" on the mortgage financing industry, which is good reason to give stakeholders more time to understand its full scope.

Read More »

Another Round of K Certificates Offered By Freddie Mac

Freddie

Freddie Mac is at it again offering another round of the multifamily mortgage-backed securities known as K Certificates. The company expects to offer approximately $538 million in K Certificates (K-AIV Certificates), which are backed by 19 multifamily properties owned by affiliates of Apartment Investment & Management Co. The K Certificates are expected to price this week and settle on or around June 9.

Read More »

Lenders Not Pleased with Open Market Committee Proposal

Fed

Lender reaction at the recent 47th annual Chicago Federal Reserve Conference was largely negative on the current proposal to alter the selection process for members of the Federal Reserve Open Market Committee. The new system would allow Congress to choose members of the committee instead of continuing to use regional Fed officials selected by the private sector to determine committee membership. The bill introduced last week, is viewed as an attempt to move power away from the regional Fed system and the private sector.

Read More »

NCUA May File Against Big Banks

The National Credit Union Administration which is now controlled by Federal regulators, is threatening to sue several investment banks unless they refund more than $50 billion in securities that were purchased by the five wholesale credit unions that make up the organization.

Read More »

Talk of GSE Eradication Within 5 Years

Texas Representative, Jeb Hensarling, reconfirmed his commitment to eliminating Fannie Mae and Freddie Mac within five years saying, "We have waited for years to do something. It is time to start doing something." Referring to the two-time rejection of his legislation by a Democrat-controlled chamber, he added, Hopefully, the third time is a charm. The fourth-ranking House Republican said he would reintroduce his legislation to end the conservatorship of Fannie and Freddie within two years of passage.

Read More »