Articles by Kelsey Ramírez

Multifamily lenders unprepared for end of LIBOR

Just 56% on track for a life without LIBOR
Many multifamily lenders are preparing for the end of LIBOR, but are waiting on regulators to make decisions before they take action. The vast majority of commercial and multifamily mortgage lenders report they are working on the transition away from LIBOR, but the devil is in the details.
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From HW Magazine

Trump calls for reform

Administration moves on bringing Fannie, Freddie out of conservatorship
In March, President Donald Trump began officially calling for an end to the conservatorship of Fannie Mae and Freddie Mac. A statement released by the White House said that Fannie Mae and Freddie Mac have grown in size and reach, yet face no competition from the private sector, and that the U.S. Department of Housing and Urban Development programs are exposed to too much risk while relying on outdated processes.
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Here are 5 things the CFPB will focus on in 2019

Publishes spring 2019 rulemaking agenda
The Consumer Financial Protection Bureau recently published its spring 2019 rulemaking agenda, showing the regulatory matters it reasonably anticipates having under consideration during the period of May 1, 2019, to April 30, 2020. The CFPB explained that the new permanent Director Kathy Kraninger is now ready to begin rulemaking activities after having recently completed a listening tour.
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Ellie Mae announces layoffs of 10% of its staff

Completes restructuring after acquisition
Ellie Mae recently completed restructuring its team after its acquisition by Thoma Bravo, a move that includes the layoff of about 10% of its staff. The company explained those let go are being offered severance packages to help with the transition.
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Kraninger: Department of Education refusing to cooperate with CFPB

Bureau perusing other options to obtain information
The U.S. Department of Education has refused to cooperate with the Consumer Financial Protection Bureau, according to CFPB Director Kathy Kraninger. Kraninger recently sent a letter to Sen. Elizabeth Warren, D-MA, in response to the senator’s questions about the bureau’s efforts to protect student loan borrowers through its oversight of student loan servicers.
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Trump calls for Fed to reduce interest rates amid trade war with China

Says lower interest rates would bolster economy
President Donald Trump took to Twitter on Tuesday morning to air his thoughts on the trade war with China, where he hinted at monetary actions from the Federal Reserve. Trump explained that China would most likely manipulate its interest rates to keep its economy going during the trade war, but said that if the U.S. did the same, it would be "game over."
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