Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

America’s lost decade; FHA fees drag; Mortgage lending, RMBS slow to a crawl

Here’s why the FHFA is not a fan of principal reduction

Who's going to pay for that?

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"
W S

Investments

Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

America’s lost decade; FHA fees drag; Mortgage lending, RMBS slow to a crawl
July 28, 2014
Goldman is looking at a $1 billion settlement with the FHFA, Americans' household wealth has plunged 36% from 2003, and FHA fees may be a big drag on the housing economy.
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Mortgage insurer ratings safe despite potential FHFA rule changes

S&P: Transition period provides sufficient time
July 25, 2014
Despite the FHFA's decision to revise its private mortgage insurance requirements, Standard & Poor’s Rating Services forecasts that insurers will maintain strong ratings in the immediate term.
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Vacancies drop in Invitation Homes rental securitization

Reverses previous month’s surge
July 25, 2014
"With initial lease expirations peaking in May and June 2014 (23.3% of all properties in the pool had leases expiring through May 2014 and 34.3% through June 2014), Morningstar expects the month-end vacancy rate to stabilize and to potentially decline," Morningstar said in its update.
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Are the jumbo RMBS floodgates finally re-opening?

Credit Suisse brings third jumbo RMBS to market this year
July 25, 2014
The offering comes nearly three months after Credit Suisse launched its most recent jumbo RMBS and becomes the sixth offered by the bank since the housing recovery began. It also marks a trend of increasing jumbo RMBS offerings over the last few months.
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S&P receives wells notice over CMBS ratings

Tied to loans from 2011
July 25, 2014
Commercial-mortgage backed securities Standard & Poor graded in 2011 are under question after McGraw Hill Financial said it received a notice from the U.S. Securities and Exchange Commission that the regulator may seek an enforcement action.
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Non-U.S. banks up rules on bad loans

IASB overhauls finance-accounting rules
July 25, 2014
According to new regulations, European banks and other non-U.S. banks will have to record losses on bad loans more quickly and set aside more reserves for loan losses.
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RTS Pacific, Regional Trustee Services complete asset purchase agreement

New company expands Butler & Hosch brand into Seattle
July 24, 2014
Regional Trustee Services announced it completed an asset purchase agreement. Under the purchase, the complete assets including client base, open matters and employee base, are transferred from Regional Trustee Services Corporation to RTS Pacific.
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The 7 dumbest big purchases — a house isn't one of them

July 24, 2014

Typically these items are just downright absurd, yet we've convinced ourselves that they're an important, practical, or smart purchase anyway. 


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What would the Zillow-Trulia hookup mean for housing?

Listing Goliath could change the balance of power
July 24, 2014
Zillow is seeking to acquire rival Trulia in a move that would create a Goliath of online real estate listings. So how is it going to affect the industry, consumers, and even the media?
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Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong
July 24, 2014
CNBC’s analysts seem to view millennials as a giant homogenous mound of humans who all think the same way, look the same way, do the same things and look at the world in the exact same way. And every day, CNBC’s analysts opine on why millennials aren’t buying homes, or buying stocks or buying whatever else it is that CNBC thinks is important that day.
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