The Ticker

Second estimate keeps GDP at 1.9% growth in Q4

Led by positive contributions from personal consumption expenditures
The second estimate for the fourth quarter’s GDP remained at 1.9%, but one expert says the real story is the increase in GDP from the first half of 2016. While GDP decreased from the third quarter, this was due to a spike in soybeans the faded in the fourth quarter.
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Fired HUD aide to Ben Carson softens stance on Trump

Let go for criticizing the president
After being fired earlier this month for being critical of President Donald Trump during the campaign, Shermichael Singleton, who was one of Ben Carson’s top aides at HUD, went on CNN for an interview as a follow-up to his controversial op-ed. For Singleton, time has helped change his stance on Trump.
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SoFi officially locks in $500 million investment led by Silver Lake

Brings SoFi’s total equity funding to $1.9 billion
SoFi locked in another massive funding deal, being it’s total equity funding to $1.9 billion. While the deal includes a familiar name, it’s private-equity firm Silver Lake that led the deal. Mike Cagney, SoFi co-founder, chairman, and CEO, touches on where the online lender plans to go from here.
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NAFCU to CFPB: Pull credit unions out from under your authority

Credit unions continue cry for regulatory relief
Credit unions got looped in with the rest of the industry after the financial crisis, falling under the new industry watchdog dubbed the Consumer Financial Protection Bureau to ensure such extreme lending would never happen again. The only problem is that credit unions believe they never contributed to the crisis.
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Warren Buffett gives us all an update on his stake in affordable housing

Time for annual, public letter to Berkshire Hathaway shareholders
Every year billionaire investor Warren Buffett releases an annual letter to Berkshire Hathaway shareholders, unraveling the inner workings of his conglomerate’s performance. The 29-page document details the status of Clayton Homes, which specializes in manufactured homes, a key industry in fixing the affordability crisis.
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Fannie Mae announces new front-end credit risk-sharing deal

Deal with insurers provides up to $375 million in coverage
Fannie Mae announced Friday that it executed its second front-end credit risk-sharing deal through its Credit Insurance Risk Transfer program. The deal provides insurance coverage on a maximum coverage of approximately $375 million from pools of single-family mortgages that carry a combined unpaid principal balance of approximately $15 billion.
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