The Consumer Financial Protection Bureau, the Federal Trade Commission and 48 states, the District of Columbia and Puerto Rico announced a global settlement with Equifax that provides up to $700 million in monetary relief and penalties.
In a Waning Housing Cycle, There May Still Be Home-Builder Earnings Upside
MarketWatch, July 22, 2019--Andrea Riquier
Lower Rates Have a Downside for Banks
Wall Street Journal, July 23, 2019--Ben Eisen (subscription)
Equifax Hasn't Heard the Last from Congress about Data Breach
National Mortgage News, July 22, 2019--Neil Haggerty (subscription)
ARM, HELOC Mortgage Borrowers Could Get a Break if Fed Lowers Rates
Bankrate.com, July 22, 2019--Natalie Campisi
Deal Sealed on Federal Budget, Ensuring No Shutdown, Default
Associated Press, July 23, 2019--Andrew Taylor
Democratic Candidate Warren Sees U.S. Economic Downturn; Urges Quick Steps
Reuters, July 22, 2019--Richard Cowan
Black Knight June ‘First Look' Sees Calendar-Driven Spike in Delinquencies
Black Knight, Jacksonville, Fla., issued its June ‘First Look' Mortgage Monitor, noting a seasonal quirk resulted in a spike in mortgage delinquencies from May's record low.
Redfin: June Home Prices Rise 3.4% as Supply Flattens
Redfin, Seattle, said June U.S. home-sale prices rose for the third consecutive month, growing by 3.4 percent year over year to a median of $321,200.
CMBS Special Servicing Rates Diverge
The commercial mortgage-backed securities special servicing rate settled down in June after two "roller coaster" months, but drilling deeper reveals an interesting trend, reported Trepp, New York.
Dealmaker: NYLREI Originates $428M for Offices
New York Life Real Estate Investors originated $428 million for the same sponsor secured by office properties in Houston and Denver.
MBA Human Resources Symposium Sept. 11-12
The Mortgage Bankers Association's annual Human Resources Symposium takes place Sept. 11-12 at the Hyatt Regency in Crystal City, Va.
MISMO Elective--Introduction to MISMO's Logical Data Model Webinar Today
MISMO presents a webinar, Introduction to MISMO's Logical Data Model, today, July 23 from noon-1:00 p.m. ET.
Apply Now for MBA Path to Diversity Scholarship Program
The Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education. Recipients receive a voucher to cover course registration fees, up to a maximum of $2,000, for popular MBA Education courses and designation programs.