Since 2011 there has been a conscious effort by the U.S Federal Reserve to keep long-term rates low, first through Operation Twist and then through QE3, therefore narrowing spreads and putting pressure on leveraged returns and dividends offered by U.S. mortgage REITs.
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The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”
The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.