The Lede
Top National News
Master-Planned Communities ‘Zip’ Ahead
UExpress, Nov. 4, 2016--Sichelman, Lew
John Burns Real Estate Consulting said the 50 best-selling master-planned properties--it surveyed 230--accounted for nearly 5 percent of all new home sales last year.
Full Story
Why Wall Street Is Falling in Love with GSE Credit-Risk Transfer Deals
National Mortgage News, Nov. 4, 2016--Collins, Brian
Since the government-sponsored enterprises began experimenting with both frontend and backend deals in which part of the credit risk is shared with third parties, investors have been watching carefully.
Full Story
U.S. Mortgage Delinquencies Fall to New Post-Crisis Lows
Financial Times, Nov. 7. 2016--Gray, Alistair
Ultra-low interest rates squeeze bank margins but provide relief to their customers, said TransUnion.
Full Story
Mortgage Refinances Overcome Weekly Purchase Slump
Mortgage Daily, Nov. 4, 2016
A 1 percent escalation from previous week left the U.S. Mortgage Market Index from OpenClose and Mortgage Daily at 161 for the week ended Nov. 4.
Full Story
Across the Board Growth at Guild Mortgage
Mortgage Daily, Nov. 4, 2016
Quarterly home lending activity moved higher, the residential loan servicing portfolio grew larger, and employment expanded at Guild Mortgage Co.
Full Story
Failed Bank’s Board Member Jailed for Defrauding TARP of $7 Million
HousingWire, Nov. 4, 2016--Lane, Ben
Zulfikar Esmail, 73, pleaded guilty to one count of financial institution fraud of more than $100,000 and an amended count of theft from TARP of more than $100,000. He was with Premier Bank, which failed in 2012.
Full Story
Nonbank Mortgage Hiring Rebounds in September
National Mortgage News, Nov. 4, 2016--Collins, Brian
Nonbank mortgage lenders and brokers added 2,200 full-time employees to their payrolls in September, compared to just 900 hires in August.
Full Story
MBA Foundation Fields 15 Runners for New York Marathon
National Mortgage News, Nov. 4, 2016--Passy, Jacob
The Mortgage Bankers Association's Opens Doors Foundation has raised more than $59,000 as a charity partner of the New York City Marathon. The Foundation sent 15 runners for Sunday's race.
Full Story
Agents, Offices and Earnings Up: Real Estate Industry is in Expansion Mode
Orange County Register (Calif.), Nov. 6, 2016--Collins, Jeff
Big money is flooding the Southern California homeselling business, resulting in the biggest industry expansion since the recession hit eight years ago. Dustin Hobbs, spokesman for the California Mortgage Bankers Association, said association membership picked up in Orange County in the past year, making the area "once again a major hub of mortgage activity."
Full Story
Not Only Are Millennials Buying Homes, They’re Refinancing
Housing Wire, Nov. 4, 2016--Swanson, Brena
Quelling rumors that Millennials don't want to buy homes, Ellie Mae found they're not only buying but want to refinance.
Full Story
Goldman Sachs Settles Abacus CDO Lawsuit
HousingWire, Nov. 4, 2016--Lane, Ben
ACA Financial Guaranty Corp wanted $120 million.
Full Story
Federal Reserve: Shortage of Homes Could Stall Housing Recovery
Creators Syndicate Inc., Nov. 5, 2016--Woodard, Jim
Several housing leaders and agencies are now warning of a possible crisis looming in our market.
Full Story
Essent Posts Higher 3Q Income, Genworth Extends Loss
National Mortgage News, Nov. 4, 2016--Passy, Jacob; Finkelstein, Brad
Essent Group reported higher net income on a 25% year-over-year increase in insurance-in-force, while Genworth Financial posted a larger net loss from a year ago as its life insurance division took a hit.
Full Story
U.S. Trade Gap Shrank 9.9% in September
Wall Street Journal, Nov. 4, 2016--Mitchell, Josh
The U.S. trade deficit contracted sharply in September as foreign companies snapped up American-made goods, helping the economy rebound from an ugly first half of the year.
Full Story
Cordray Tells MBA Bureau Expects More from Industry
Dodd-Frank Update, Nov. 4, 2016
Cordray told MBA Annual Convention what the CFPB's expectations were for servicing compliance, fair lending practices, and consumer complaint management. And they weren't always what previous standards for the CFPB have been.
Full Story
GSE Loan Counts, Volumes Outpace 2015 Levels
Scotsman Guide, Nov. 4, 2016--Whitman, Victor
Through the first three quarters of the year ending Sept. 30, the volumes and counts of the nation's most popular home-loan types - mortgages purchased by Fannie Mae and Freddie Mac--were running ahead of the pace set in 2015.
Full Story
CRT: A Means to an End Despite Lack of Housing Reform
GoRion, Nov. 4, 2016--Schwartz, Faith
The lessons we are learning through CRT innovation will certainly play into the discussions around the role of government and private capital as we continue to reshape the housing finance of the future.
Full Story
Obama Is Making a Last Stab Push to Help Loosen Mortgage Lending
Bloomberg, Nov. 4, 2016--Light, Joe
Officials 'rushing' to make affordable housing central to reform.
Full Story
Residential Finance News
Commercial/Multifamily News
MBA News
MBA Accounting & Financial Management Conference in San Diego Nov. 15-17
Residential and Commercial/Multifamily Tracks Available
Full Story