The Lede
Top National News
MBA Expects New Home Sales to Recover from Hurricane Losses
Mortgage News Daily, Nov. 14, 2017--Jann SwansonThe Mortgage Bankers Association says information collected through its Builder Application Survey shows mortgage applications for new home purchases climbed 23 percent on a non-seasonally adjusted basis from September to October.
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Trump Administration Reportedly Considering Mohamed El-Erian for Fed Vice Chair
HousingWire, Nov. 14, 2017--Ben LaneLast month, Mohamed El-Erian told the Mortgage Bankers Association Annual Convention that it didn't matter who President Donald Trump chose as the next chair and vice chair of the Federal Reserve, because the path for the central bank's future was already laid out. It turns out it could be El-Erian himself taking over for the departed Stanley Fischer as the next Fed vice chair.
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Construction Costs Rise for Apartment Projects
National Real Estate Investor, Nov. 14, 2017--Bendix AndersonThe cost of apartment-construction materials rose 3.6 percent over the year that ended in September, the Bureau of Labor Statistics' Producer Price Index reported.
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Tax Overhaul Bills Keep ‘1031 Exchange’ and Add Other Commercial Property Perks
Wall Street Journal, Nov. 14, 2017--Peter Grant (subscription)The residential real estate industry might be panicking about the Republican-backed tax overhaul making its way through Congress, but many in the commercial real estate industry are delighted with what they see so far.
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Fed’s Bostic: Gradual Rate Rises Appropriate Over Next Several Years
Wall Street Journal, Nov. 14, 2017--Michael Derby (subscription)Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday the U.S. central bank should press forward with interest-rate rises.
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Wholesaler, M.I. Firm Capitalize on Mobile Trend
Mortgage Daily, Nov. 14, 2017--Sam GarciaAs mobile adoption grows at a robust pace, a wholesale mortgage lender and a mortgage insurance company have positioned themselves to capitalize on the trend.
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House Passes Flood Insurance Renewal in Wake of Massive Storms
Politico, Nov. 14, 2017--Zachary WarmbrodtHouse Republicans overcame bipartisan opposition Tuesday to pass a bill that would reauthorize and overhaul the National Flood Insurance Program, which has strained to pay out billions of dollars to policyholders after this year's run of devastating hurricanes.
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U.S. Book of Mortgage Business Expands, Lates Down
Mortgage Daily, Nov. 14, 2017As quarterly loan originations moved higher at the nation's home lenders, the balance of outstanding mortgages was up and delinquency was down. Home-secured credit lines outstanding contracted.
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Overcoming Statute of Limitations in Foreclosures
Mortgage Daily, Nov. 14, 2017--Jamin Neil; T. Robert FinlayChallenges to mortgage lenders and servicers' right to foreclose based on the expiration of the statute of limitations are rapidly increasing in the Pacific Northwest and Southwest regions.
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How Zillow Made It Through the Housing Crisis
Fortune magazine, Nov. 14, 2017--Anne VanderMey Zillow was just a two-year-old startup when its industry came tumbling down around it.
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Commercial/Multifamily News
MBA News
MBA Premier Member Profile: QuestSoft
QuestSoft Corp. is a leading provider of compliance software and services to more than 2,500 banks, credit unions and mortgage lending companies.
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MBA Premier Member Profile: QuestSoft
QuestSoft Corp. is a leading provider of compliance software and services to more than 2,500 banks, credit unions and mortgage lending companies.
Full Story
MBA Premier Member Profile: QuestSoft
QuestSoft Corp. is a leading provider of compliance software and services to more than 2,500 banks, credit unions and mortgage lending companies.
Full Story