Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

It’s official: Zillow will own Trulia

"Better agents make for better advertisers"
W S
Lending / The Ticker

JPMorgan settlement hurts mortgages: BlackRock

boxing_punching bag
/ Print / Reprints /
| Share More
/ Text Size+

JPMorgan Chase & Co.'s (JPM) record $13 billion settlement with the U.S. government over past mortgage practices is undermining the current market, according to BlackRock Inc. (BLK).

Per Bloomberg:

“Washington has a public policy goal of reducing the role that the government plays in the housing-finance market, and at the same time we now have a series of settlements where no investors were at the table and where money toward the settlements may come from investors’ pockets,” said Barbara Novick, vice chairman of BlackRock. “It discourages the allocation of private capital to mortgage credit.”

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus