The Lede
Top National News
Signs Point to Mortgage Rates Rising, Making Home-Buying More Expensive
Washington Post, July 26, 2018--Kathy Orton Mortgage rates, which have been in a rut the past couple months, began moving higher this week. (MBA mention)
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Seven Contenders to Become Next FHFA Chief
National Mortgage News, July 26, 2018--Hannah Long (subscription)The next director of the FHFA is still a mystery, but whoever succeeds current Director Mel Watt once his term ends in January will have a front-and-center role in efforts to reform the government-sponsored enterprises.
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Wells Fargo Explores Sale of Real-Estate Broker Eastdil
Wall Street Journal, July 26, 2018--Craig Karmin, Dana Mattioli, Emily Glazer (subscription)The San Francisco bank has been sounding out private-equity firms to drum up interest in the real-estate brokerage and investment bank, sources said. Wells Fargo bought Eastdil in 1999 for an undisclosed sum in an effort to bolster its commercial real-estate-lending business.
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Ocwen Reports ‘Higher-than-Hoped’ $30 Million Loss
HousingWire, July 26, 2018--Kelsey RamirezOcwen Financial continues to lose money, posting yet another loss, however the company pointed out that the losses continue to grow smaller, though this one was still larger-than-expected by some.
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Radian’s Earnings, Delinquency & New Biz Improve
Mortgage Daily, July 26, 2018Radian Group Inc. swung to a big profit from a quarterly loss a year previous. New policies written increased, the book of business expanded and delinquency decreased.
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Black, Hispanic Homeownership Rates Fall in Second Quarter
HousingWire, July 26, 2018--Kelsey RamirezThe homeownership rate inched up slightly in the second quarter, but not for all racial and ethnic groups.
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International Buyers Are Dropping Out of US Housing Market
CNBC, July 26, 2018--Diana OlickAfter strong interest for several years, international buyers appear to be souring on the U.S. housing market. The dollar volume of U.S. home sales to international buyers between April 2017 and March 2018 dropped 21 percent compared to the year-ago period.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Diversity & Inclusion Awards Entry Deadline Today
The Mortgage Bankers Association is accepting nominations for its annual residential Diversity and Inclusion Awards, to be presented at the MBA Annual Convention & Expo in October. Nomination deadline is today, July 27.
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MBA Annual Convention & Expo in Washington Oct. 14-17; Early Registration Deadline Aug. 1
Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018. Save by registering before this Wednesday, Aug. 1.
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MBA Annual Convention & Expo in Washington Oct. 14-17; Early Registration Deadline Aug. 1
Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018. Save by registering before this Wednesday, Aug. 1.
Full Story
MBA Annual Convention & Expo in Washington Oct. 14-17; Early Registration Deadline Aug. 1
Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018. Save by registering before this Wednesday, Aug. 1.
Full Story