The Lede
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Backers of Senate GSE Plan Reject Claims That It’s Too Conservative
National Mortgage News, Jan. 24, 2018--Ian McKendry (subscription)Supporters of an unreleased Senate bill to revamp the housing finance system are fighting back against suggestions that the latest revision has become more conservative. David Stevens, CMB, President and CEO of the Mortgage Bankers Association, said the plan gaining consensus in the Senate is similar to the housing finance proposal being developed by MBA.
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New Tax Laws Likely to Increase High Net Worth Investment in Real Estate
National Real Estate Investor, Jan. 24, 2018--John EganFor high-net-worth investors in commercial real estate, the federal tax overhaul is practically a financial home run.
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Mortgage Applications Jump 4.5% as Buyers Rush to Beat Higher Rates
CNBC, Jan. 24, 2018--Diana OlickMortgage applications rose 4.5 percent last week from the previous week, the Mortgage Bankers Association said. Application volume was 6.1 percent higher than one year ago.
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U.S. Home Sales Fall as Record-Low Inventory Boosts Prices
Reuters, Jan. 24, 2018--Lucia MutikaniU.S. home existing sales fell more than expected in December as the supply of houses on the market dropped to a record low, pushing up prices and sidelining some potential first-time buyers.
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Huntington’s Annual Mortgage Lending, Servicing Up
Mortgage Daily, Jan. 24, 2018Annual mortgage and home-equity originations increased at Huntington Bancshares Inc., as did residential assets and servicing. Mortgage income and delinquency, though, deteriorated.
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Best LendingTree Mortgage Lenders
Mortgage Daily, Jan. 24, 2018Among the top-10 lenders was loanDepot LLC. The Foothill Ranch, California-based company reported $25 billion in mortgage originations during the first-three quarters of last year.
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CFPB Seeks Comment on How it Investigates Firms
National Mortgage News, Jan. 24, 2018--Kate Berry (subscription)The Consumer Financial Protection Bureau is seeking comment on its process for investigating companies that face possible enforcement actions as part of a comprehensive review of the agency.
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Jamie Dimon: Chase Will Soon Offer Digital Mortgages on Smartphones
HousingWire, Jan. 24, 2018--Jacob GaffneyDimon said the bank plans to offer an all-digital mortgage to its customers, "coming this year."
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Toys R Us to Close 180 Stores Across the U.S.
CNBC, Jan. 24, 2018--Lauren ThomasToys R Us is planning to shutter roughly 180 stores across the country, or about one-fifth of its U.S. store fleet, in a bid to restructure the company and emerge from bankruptcy protection.
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