Author name: Ricky Vasquez

Trump says he’s terminating trade negotiations with Canada

President Donald Trump announced on Friday via social media that he’s ending trade talks between the U.S. and Canada. The move could impact tariffs on one of America’s largest trade partners as a temporary pause is set to end early next month. “We have just been informed that Canada, a very difficult Country to TRADE […]

Trump says he’s terminating trade negotiations with Canada Read More »

Virginia appeals court backs ‘missing middle’ housing policy

An Arlington County, Virginia, “Missing Middle” housing initiative has been given new life following a Virginia Court of Appeals decision Tuesday — dismissing a lawsuit aiming to overturn the zoning overhaul. A report from WTOP News showed the court finding that a group of homeowners who filed suit failed to include real estate developers as

Virginia appeals court backs ‘missing middle’ housing policy Read More »

FHLBank San Francisco invests $53M in Fannie Mae bond

The Federal Home Loan Bank of San Francisco has invested nearly $53 million in a Fannie Mae bond issuance to support housing for very low-income residents near Fisherman’s Wharf. The $52.6 million financing will cover 230 units in the Wharf Plaza I and II buildings, which are located at 1855 Kearny St., and have 116

FHLBank San Francisco invests $53M in Fannie Mae bond Read More »

FEDERAL-RESERVE-HQ-BLOOMBERG

Banks cruise through Fed stress tests, earning capital break

Bloomberg News Most of the country’s largest banks are poised to see flat or lower capital requirements next year after performing well in this year’s Federal Reserve stress test, but ongoing efforts to reform its annual exam practices could complicate how much lower those requirements will ultimately be.  Overall, banks registered their best performance since

Banks cruise through Fed stress tests, earning capital break Read More »

Mariner Kemper

Bank CEOs keep calm as end of tariff pause approaches

The clock is ticking for the 90-day pause on President Trump’s tariffs. As the July 8 deadline draws near, banks face the possibility of a new round of disruptions to their business — and yet some CEOs aren’t worried. In interviews with American Banker, two bank leaders expressed confidence that Trump will avoid ratcheting his

Bank CEOs keep calm as end of tariff pause approaches Read More »

Pulte brings Fannie, Freddie together to talk deregulation

The conservator of two government-sponsored enterprises that buy and securitize many mortgages originated in the United States said he’s arranged some unusual talks between them to get their input on deregulation. “In following President Trump’s deregulation mandate, I ordered the executives of Fannie and Freddie to meet and provide me [with] regulatory changes,” Bill Pulte,

Pulte brings Fannie, Freddie together to talk deregulation Read More »

Condo rules need reform to keep homes affordable

Enjoy complimentary access to top ideas and insights — selected by our editors. Condominiums have historically been our most affordable site-built homeownership option. However, escalating insurance costs, concerns about the structural integrity of condos, and more stringent underwriting requirements threaten to undermine the advantages of this critical home purchase option. Is there a way forward that

Condo rules need reform to keep homes affordable Read More »

Mortgage fraud risk jumps 7.3% in one year

The potential for mortgage lending fraud accelerated over the past year, with risk related to undisclosed transaction details driving much of the surge, according to Cotality. In its latest report, the real estate data platform found fraud risk was up 7.3% year over year in the first quarter. Risk lessened over time, though, coming in

Mortgage fraud risk jumps 7.3% in one year Read More »

Sellers net all-time high sales prices to close spring

It’s a buyer’s market, but homeowners are still recouping all-time high sales prices.  Sellers are netting an average sales price of $400,266 over the four weeks ending June 22, according to Redfin. That figure is up 1.6% from the same time last year, in a housing market currently beset by near 7% mortgage rates and

Sellers net all-time high sales prices to close spring Read More »