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Manhattan condo prices have never been higher
Lest anyone forget how expensive it is to live in New York City, new data shows that it’s never been more expensive to live in one of Manhattan’s condos.
FHFA announces new financial rules for nonbanks
If the Federal Housing Finance Agency has its way, nonbanks that do business with Fannie Mae and Freddie Mac will have to meet capital and liquidity requirements. The FHFA said its latest initiative provides greater transparency, clarity and consistency to sellers and servicers.
Some economists believe the Republican sweep of both the Senate and House will reduce gridlock, increase pro-business legislation, and perhaps even lead to tax and immigration reform. One thing’s for certain — Democratic efforts to raise the minimum wage are now dead in the water.
Revealed: BlackRock owns considerable stock in housing’s biggest players
Altisource is not the only housing stock BlackRock owns. In fact, according to recent filings with the SEC, BlackRock owns a substantial stake in another of Ocwen’s associates, Home Loan Servicing Solutions, as well as considerable interests in CoreLogic and Lowe’s.
NAMB applauds regulatory relief from CFPB
CFPB change is a step in the right direction, mortgage bankers say, but it’s not enough. Here’s why.